Dynamic Technology Lab Private Ltd purchased a new position in shares of Perdoceo Education Co. (NASDAQ:PRDO – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 26,978 shares of the company’s stock, valued at approximately $474,000.
Several other hedge funds have also added to or reduced their stakes in the business. LSV Asset Management boosted its stake in Perdoceo Education by 117.7% in the fourth quarter. LSV Asset Management now owns 1,213,839 shares of the company’s stock valued at $21,315,000 after buying an additional 656,280 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Perdoceo Education by 32.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,602,905 shares of the company’s stock valued at $28,147,000 after purchasing an additional 395,481 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Perdoceo Education by 59.0% during the third quarter. Invesco Ltd. now owns 1,028,253 shares of the company’s stock valued at $17,583,000 after purchasing an additional 381,665 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Perdoceo Education by 39.7% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 846,629 shares of the company’s stock valued at $14,477,000 after purchasing an additional 240,526 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of Perdoceo Education by 345.1% during the fourth quarter. Panagora Asset Management Inc. now owns 228,664 shares of the company’s stock valued at $4,015,000 after purchasing an additional 177,286 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently commented on PRDO. StockNews.com lowered Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 25th. Barrington Research lifted their price objective on Perdoceo Education from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd.
Get Our Latest Stock Report on PRDO
Insider Activity at Perdoceo Education
In other news, CEO Todd S. Nelson sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $17.23, for a total value of $275,680.00. Following the completion of the transaction, the chief executive officer now owns 713,367 shares in the company, valued at approximately $12,291,313.41. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Todd S. Nelson sold 16,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $17.23, for a total value of $275,680.00. Following the transaction, the chief executive officer now directly owns 713,367 shares in the company, valued at approximately $12,291,313.41. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ashish R. Ghia sold 11,412 shares of Perdoceo Education stock in a transaction on Friday, April 26th. The shares were sold at an average price of $19.00, for a total value of $216,828.00. Following the transaction, the chief financial officer now owns 226,234 shares in the company, valued at $4,298,446. The disclosure for this sale can be found here. Insiders sold 75,412 shares of company stock worth $1,342,428 in the last ninety days. 1.81% of the stock is owned by company insiders.
Perdoceo Education Price Performance
Shares of NASDAQ PRDO opened at $23.34 on Friday. Perdoceo Education Co. has a one year low of $11.62 and a one year high of $24.66. The business’s fifty day moving average price is $19.72 and its 200-day moving average price is $18.34. The stock has a market capitalization of $1.53 billion, a PE ratio of 10.28, a P/E/G ratio of 0.69 and a beta of 0.93.
Perdoceo Education (NASDAQ:PRDO – Get Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. The business had revenue of $168.30 million for the quarter, compared to analyst estimates of $163.30 million. Perdoceo Education had a return on equity of 17.09% and a net margin of 22.35%. The company’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS. As a group, equities analysts expect that Perdoceo Education Co. will post 2.21 EPS for the current fiscal year.
Perdoceo Education Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Saturday, June 1st will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.89%. The ex-dividend date is Friday, May 31st. Perdoceo Education’s dividend payout ratio is presently 19.38%.
Perdoceo Education Profile
(Free Report)
Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.
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