Squarepoint Ops LLC Increases Stock Position in Perdoceo Education Co. (NASDAQ:PRDO)

Squarepoint Ops LLC grew its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 296.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,261 shares of the company's stock after purchasing an additional 71,995 shares during the period. Squarepoint Ops LLC owned about 0.15% of Perdoceo Education worth $2,062,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Perdoceo Education by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 5,896,257 shares of the company's stock valued at $103,538,000 after acquiring an additional 45,259 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Perdoceo Education by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,069,173 shares of the company's stock worth $108,580,000 after acquiring an additional 28,909 shares during the period. Renaissance Technologies LLC lifted its stake in Perdoceo Education by 2.5% during the second quarter. Renaissance Technologies LLC now owns 4,505,687 shares of the company's stock worth $96,512,000 after purchasing an additional 107,918 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Perdoceo Education by 24.3% in the 2nd quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company's stock valued at $56,766,000 after purchasing an additional 518,048 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Perdoceo Education by 3.9% in the 2nd quarter. LSV Asset Management now owns 2,010,254 shares of the company's stock valued at $43,060,000 after purchasing an additional 75,293 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Michele A. Peppers sold 6,476 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total transaction of $135,996.00. Following the completion of the sale, the insider now directly owns 61,952 shares in the company, valued at $1,300,992. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Perdoceo Education news, insider Michele A. Peppers sold 6,476 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total transaction of $135,996.00. Following the transaction, the insider now directly owns 61,952 shares in the company, valued at approximately $1,300,992. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Gregory L. Jackson sold 26,664 shares of Perdoceo Education stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $22.70, for a total transaction of $605,272.80. Following the completion of the sale, the chairman now owns 58,644 shares of the company's stock, valued at $1,331,218.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,325 shares of company stock worth $1,044,656. 1.81% of the stock is currently owned by insiders.

Perdoceo Education Price Performance

PRDO stock traded up $0.58 during midday trading on Friday, reaching $21.58. 336,471 shares of the stock were exchanged, compared to its average volume of 481,540. The stock has a market capitalization of $1.42 billion, a PE ratio of 9.25, a P/E/G ratio of 0.67 and a beta of 1.04. Perdoceo Education Co. has a 52 week low of $16.12 and a 52 week high of $26.40. The company has a fifty day moving average price of $22.49 and a 200 day moving average price of $21.35.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. The firm had revenue of $166.74 million during the quarter, compared to the consensus estimate of $160.91 million. Perdoceo Education had a net margin of 20.57% and a return on equity of 16.42%. The company's revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 earnings per share. As a group, analysts anticipate that Perdoceo Education Co. will post 2.19 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Sunday, September 1st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from Perdoceo Education's previous quarterly dividend of $0.11. Perdoceo Education's dividend payout ratio is currently 22.91%.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an "outperform" rating and issued a $30.00 target price on shares of Perdoceo Education in a research report on Friday, September 20th.

Perdoceo Education 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.