30,908 Shares in Perdoceo Education Co. (NASDAQ:PRDO) Bought by Inspire Investing LLC

Inspire Investing LLC purchased a new position in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,908 shares of the company's stock, valued at approximately $818,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in Perdoceo Education by 71.3% in the 3rd quarter. Victory Capital Management Inc. now owns 73,819 shares of the company's stock valued at $1,642,000 after buying an additional 30,725 shares in the last quarter. Wellington Management Group LLP bought a new position in Perdoceo Education during the 3rd quarter valued at about $9,374,000. Geode Capital Management LLC boosted its position in Perdoceo Education by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,803,391 shares of the company's stock valued at $40,114,000 after buying an additional 33,092 shares in the last quarter. Quest Partners LLC grew its stake in Perdoceo Education by 1,107.5% during the third quarter. Quest Partners LLC now owns 22,012 shares of the company's stock worth $490,000 after buying an additional 20,189 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Perdoceo Education by 944.8% during the second quarter. Millennium Management LLC now owns 246,659 shares of the company's stock worth $5,283,000 after buying an additional 223,050 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Insiders Place Their Bets

In other news, Director Patrick W. Gross sold 3,400 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $26.74, for a total value of $90,916.00. Following the transaction, the director now directly owns 69,635 shares in the company, valued at $1,862,039.90. This trade represents a 4.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Todd S. Nelson sold 12,472 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total value of $327,888.88. Following the completion of the sale, the chief executive officer now owns 615,697 shares of the company's stock, valued at $16,186,674.13. This represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 58,594 shares of company stock valued at $1,541,396. 1.81% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PRDO shares. StockNews.com downgraded Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 16th. Barrington Research boosted their price objective on Perdoceo Education from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th.

Perdoceo Education Stock Performance

PRDO traded up $0.21 during midday trading on Friday, hitting $28.31. The company had a trading volume of 264,327 shares, compared to its average volume of 310,938. Perdoceo Education Co. has a twelve month low of $16.12 and a twelve month high of $29.47. The firm's 50-day simple moving average is $26.96 and its 200-day simple moving average is $24.09. The company has a market capitalization of $1.86 billion, a PE ratio of 14.23, a P/E/G ratio of 0.79 and a beta of 1.06.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.06. The business had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. Perdoceo Education's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 earnings per share. As a group, sell-side analysts anticipate that Perdoceo Education Co. will post 2.27 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a $0.13 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 1.84%. Perdoceo Education's payout ratio is 26.13%.

Perdoceo Education Company Profile

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.