Prudential Financial Inc. boosted its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,735 shares of the company's stock after acquiring an additional 21,890 shares during the period. Prudential Financial Inc. owned 0.18% of Perdoceo Education worth $3,169,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Verition Fund Management LLC lifted its holdings in shares of Perdoceo Education by 183.0% during the third quarter. Verition Fund Management LLC now owns 27,122 shares of the company's stock valued at $603,000 after purchasing an additional 17,538 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Perdoceo Education during the 3rd quarter valued at approximately $228,000. Point72 Asset Management L.P. purchased a new position in Perdoceo Education during the third quarter valued at $133,000. Point72 DIFC Ltd bought a new stake in Perdoceo Education in the third quarter worth $114,000. Finally, Weiss Asset Management LP purchased a new stake in shares of Perdoceo Education in the third quarter worth $1,043,000. Institutional investors own 93.46% of the company's stock.
Perdoceo Education Stock Down 0.7 %
PRDO traded down $0.19 during trading on Monday, hitting $25.30. 821,613 shares of the company's stock traded hands, compared to its average volume of 479,262. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 0.75 and a beta of 0.87. The company's 50 day simple moving average is $26.41 and its two-hundred day simple moving average is $25.45. Perdoceo Education Co. has a 12-month low of $16.56 and a 12-month high of $29.84. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released 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. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The company had revenue of $176.43 million for the quarter, compared to analysts' expectations of $160.12 million. Analysts predict that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.
Perdoceo Education Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 2.06%. Perdoceo Education's dividend payout ratio (DPR) is 23.64%.
Insider Buying and Selling
In other Perdoceo Education news, CEO Todd S. Nelson sold 38,984 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $24.66, for a total value of $961,345.44. Following the transaction, the chief executive officer now owns 644,047 shares of the company's stock, valued at approximately $15,882,199.02. This represents a 5.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Elise Baskel sold 17,818 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $24.16, for a total value of $430,482.88. Following the completion of the transaction, the senior vice president now directly owns 93,354 shares in the company, valued at $2,255,432.64. The trade was a 16.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,691 shares of company stock worth $2,774,669. 1.81% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of brokerages recently issued reports on PRDO. Barrington Research upped their price target on shares of Perdoceo Education from $32.00 to $35.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 11th.
Read Our Latest Stock Report on Perdoceo Education
Perdoceo Education Company Profile
(
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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