New York State Common Retirement Fund lifted its position in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 23.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,217 shares of the company's stock after buying an additional 16,200 shares during the quarter. New York State Common Retirement Fund owned approximately 0.13% of Perdoceo Education worth $2,229,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in Perdoceo Education by 38.7% in the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company's stock worth $38,000 after purchasing an additional 492 shares in the last quarter. R Squared Ltd bought a new position in shares of Perdoceo Education in the fourth quarter worth $60,000. KBC Group NV raised its position in shares of Perdoceo Education by 47.5% in the fourth quarter. KBC Group NV now owns 3,696 shares of the company's stock worth $98,000 after buying an additional 1,190 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Perdoceo Education during the third quarter valued at $114,000. Finally, Point72 Asset Management L.P. purchased a new position in Perdoceo Education during the third quarter worth about $133,000. 93.46% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
PRDO has been the topic of several recent analyst reports. StockNews.com raised Perdoceo Education from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Barrington Research lifted their target price on shares of Perdoceo Education from $32.00 to $35.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th.
Get Our Latest Stock Report on Perdoceo Education
Insider Activity
In related news, SVP John Robert Kline sold 12,148 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $25.79, for a total transaction of $313,296.92. Following the transaction, the senior vice president now directly owns 130,405 shares in the company, valued at $3,363,144.95. This trade represents a 8.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Todd S. Nelson sold 12,472 shares of the business's stock in a transaction that occurred on 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. The trade was a 1.99 % decrease in their position. The disclosure for this sale can be found here. 1.81% of the stock is owned by corporate insiders.
Perdoceo Education Price Performance
PRDO traded down $0.14 during trading on Wednesday, reaching $25.66. The stock had a trading volume of 794,020 shares, compared to its average volume of 460,615. The business has a 50-day moving average of $27.20 and a 200-day moving average of $24.95. Perdoceo Education Co. has a one year low of $16.56 and a one year high of $29.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. The stock has a market cap of $1.69 billion, a PE ratio of 11.66, a PEG ratio of 0.75 and a beta of 1.04.
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 the consensus estimate of $0.48 by $0.02. The firm had revenue of $176.43 million for the quarter, compared to analyst estimates of $160.12 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. As a group, equities research analysts anticipate that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.
Perdoceo Education Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.03%. Perdoceo Education's payout ratio is 23.64%.
Perdoceo Education Profile
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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.
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