Millennium Management LLC Increases Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Millennium Management LLC grew its holdings in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 944.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 246,659 shares of the company's stock after acquiring an additional 223,050 shares during the quarter. Millennium Management LLC owned 0.38% of Perdoceo Education worth $5,283,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quest Partners LLC bought a new stake in shares of Perdoceo Education in the second quarter valued at about $39,000. Fifth Third Bancorp lifted its position in Perdoceo Education by 650.6% during the second quarter. Fifth Third Bancorp now owns 1,884 shares of the company's stock worth $40,000 after purchasing an additional 1,633 shares during the period. Innealta Capital LLC bought a new stake in Perdoceo Education during the second quarter worth about $74,000. nVerses Capital LLC bought a new stake in Perdoceo Education during the second quarter worth about $92,000. Finally, Banque Cantonale Vaudoise lifted its position in Perdoceo Education by 9.9% during the first quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company's stock worth $110,000 after purchasing an additional 565 shares during the period. Institutional investors own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

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

Perdoceo Education Trading Up 1.4 %

NASDAQ PRDO traded up $0.30 during trading on Friday, hitting $21.09. 229,090 shares of the company's stock were exchanged, compared to its average volume of 474,763. The company has a market cap of $1.38 billion, a PE ratio of 10.34, a P/E/G ratio of 0.65 and a beta of 1.04. Perdoceo Education Co. has a fifty-two week low of $16.12 and a fifty-two week high of $26.40. The stock's 50 day moving average price is $22.07 and its two-hundred day moving average price is $21.53.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings data 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. Perdoceo Education had a return on equity of 16.42% and a net margin of 20.57%. The company had revenue of $166.74 million during the quarter, compared to the consensus estimate of $160.91 million. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The firm's revenue was down 10.6% compared to the same quarter last year. Analysts forecast that Perdoceo Education Co. will post 2.19 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Sunday, September 1st were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.52 annualized dividend and a dividend yield of 2.47%. This is an increase from Perdoceo Education's previous quarterly dividend of $0.11. Perdoceo Education's dividend payout ratio is currently 25.49%.

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.