Dynamic Technology Lab Private Ltd bought a new position in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 19,867 shares of the company's stock, valued at approximately $526,000.
Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in Perdoceo Education by 26.7% in the 4th quarter. Wells Fargo & Company MN now owns 39,977 shares of the company's stock valued at $1,058,000 after purchasing an additional 8,432 shares during the last quarter. Riverwater Partners LLC purchased a new stake in shares of Perdoceo Education in the 4th quarter valued at $264,000. Integrated Quantitative Investments LLC acquired a new position in Perdoceo Education during the 4th quarter worth about $1,706,000. ExodusPoint Capital Management LP boosted its holdings in Perdoceo Education by 23.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 67,937 shares of the company's stock valued at $1,798,000 after acquiring an additional 13,052 shares during the period. Finally, Trexquant Investment LP grew its position in Perdoceo Education by 170.5% in the 4th quarter. Trexquant Investment LP now owns 121,679 shares of the company's stock valued at $3,221,000 after acquiring an additional 76,703 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Barrington Research upped their target price on shares of Perdoceo Education from $32.00 to $35.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com upgraded Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th.
Read Our Latest Analysis on PRDO
Insider Transactions at Perdoceo Education
In related news, CFO Ashish R. Ghia sold 6,236 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $25.00, for a total value of $155,900.00. Following the completion of the sale, the chief financial officer now directly owns 252,130 shares of the company's stock, valued at $6,303,250. This represents a 2.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Elise Baskel sold 17,818 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $24.16, for a total value of $430,482.88. Following the transaction, the senior vice president now owns 93,354 shares in the company, valued at $2,255,432.64. This represents a 16.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,691 shares of company stock valued at $2,774,669. Corporate insiders own 1.81% of the company's stock.
Perdoceo Education Stock Up 0.2 %
Shares of PRDO stock traded up $0.05 during trading hours on Friday, reaching $25.82. 459,156 shares of the stock were exchanged, compared to its average volume of 481,332. The business's fifty day moving average is $26.06 and its two-hundred day moving average is $25.58. The firm has a market capitalization of $1.70 billion, a P/E ratio of 11.74, a P/E/G ratio of 0.75 and a beta of 0.87. Perdoceo Education Co. has a 12-month low of $16.56 and a 12-month high of $29.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. The company had revenue of $176.43 million for the quarter, compared to the consensus estimate of $160.12 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. As a group, research analysts expect that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.
Perdoceo Education Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Friday, February 28th. Perdoceo Education's dividend payout ratio (DPR) is presently 23.64%.
About Perdoceo Education
(
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.
See Also
Before you consider Perdoceo Education, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Perdoceo Education wasn't on the list.
While Perdoceo Education currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
