Integrated Quantitative Investments LLC Invests $1.71 Million in Perdoceo Education Co. (NASDAQ:PRDO)

Integrated Quantitative Investments LLC acquired a new position in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 64,446 shares of the company's stock, valued at approximately $1,706,000. Perdoceo Education comprises approximately 0.8% of Integrated Quantitative Investments LLC's holdings, making the stock its 8th largest position. Integrated Quantitative Investments LLC owned 0.10% of Perdoceo Education at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of Perdoceo Education by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,817,982 shares of the company's stock worth $48,129,000 after acquiring an additional 14,591 shares in the last quarter. American Century Companies Inc. boosted its position in Perdoceo Education by 5.1% during the fourth quarter. American Century Companies Inc. now owns 1,627,190 shares of the company's stock worth $43,072,000 after purchasing an additional 79,686 shares during the period. Boston Partners raised its position in shares of Perdoceo Education by 41.1% in the fourth quarter. Boston Partners now owns 1,209,899 shares of the company's stock valued at $32,379,000 after purchasing an additional 352,470 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Perdoceo Education by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 950,573 shares of the company's stock worth $25,162,000 after buying an additional 5,748 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Perdoceo Education by 27.5% during the 4th quarter. JPMorgan Chase & Co. now owns 742,342 shares of the company's stock worth $19,650,000 after buying an additional 160,162 shares during the period. Institutional investors own 93.46% of the company's stock.

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Perdoceo Education Stock Performance

Shares of Perdoceo Education stock traded up $0.34 during midday trading on Wednesday, hitting $25.32. The company had a trading volume of 179,212 shares, compared to its average volume of 545,398. The stock has a market cap of $1.67 billion, a PE ratio of 11.51, a P/E/G ratio of 0.75 and a beta of 0.87. Perdoceo Education Co. has a 1-year low of $16.56 and a 1-year high of $29.84. The business's 50 day simple moving average is $26.28 and its two-hundred day simple moving average is $25.47. 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 released its earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The business had revenue of $176.43 million during the quarter, compared to analysts' expectations of $160.12 million. As a group, equities analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were paid a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 2.05%. Perdoceo Education's dividend payout ratio is currently 23.64%.

Analysts Set New Price Targets

PRDO has been the subject of a number of research analyst reports. StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Barrington Research boosted their price objective on Perdoceo Education from $32.00 to $35.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 38,984 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $24.66, for a total value of $961,345.44. Following the transaction, the chief executive officer now directly owns 644,047 shares in the company, valued at $15,882,199.02. The trade was a 5.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Elise Baskel sold 17,818 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $24.16, for a total transaction of $430,482.88. Following the sale, the senior vice president now directly owns 93,354 shares in the company, valued at $2,255,432.64. This represents a 16.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,691 shares of company stock valued at $2,774,669. 1.81% of the stock is currently owned by company insiders.

About Perdoceo Education

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.