Perdoceo Education Co. (NASDAQ:PRDO) Shares Purchased by Quest Partners LLC

Quest Partners LLC lifted its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 1,107.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 22,012 shares of the company's stock after acquiring an additional 20,189 shares during the period. Quest Partners LLC's holdings in Perdoceo Education were worth $490,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Quarry LP boosted its holdings in shares of Perdoceo Education by 1,306.3% in the 2nd quarter. Quarry LP now owns 1,350 shares of the company's stock valued at $29,000 after acquiring an additional 1,254 shares during the last quarter. Blue Trust Inc. grew its position in Perdoceo Education by 38.7% during 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 during the period. Fifth Third Bancorp lifted its holdings in shares of Perdoceo Education by 650.6% in the 2nd quarter. Fifth Third Bancorp now owns 1,884 shares of the company's stock valued at $40,000 after buying an additional 1,633 shares during the period. Innealta Capital LLC purchased a new stake in shares of Perdoceo Education in the second quarter worth about $74,000. Finally, nVerses Capital LLC acquired a new stake in Perdoceo Education during the second quarter worth about $92,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on PRDO. Barrington Research increased their price objective on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. StockNews.com lowered shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Friday.

Perdoceo Education Stock Performance

Shares of NASDAQ:PRDO traded up $0.51 during trading on Friday, reaching $27.33. The stock had a trading volume of 404,067 shares, compared to its average volume of 447,387. The business has a fifty day moving average price of $22.79 and a 200-day moving average price of $22.57. Perdoceo Education Co. has a 1-year low of $16.12 and a 1-year high of $29.47. The stock has a market cap of $1.80 billion, a PE ratio of 13.73, a PEG ratio of 0.79 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.06. The company had revenue of $169.83 million for the quarter, compared to analysts' expectations of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The firm's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.64 EPS. Sell-side analysts expect that Perdoceo Education Co. will post 2.27 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a $0.13 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 1.90%. Perdoceo Education's dividend payout ratio is currently 26.13%.

Insider Buying and Selling

In other Perdoceo Education news, insider Michele A. Peppers sold 6,476 shares of Perdoceo Education stock in a transaction dated Tuesday, September 10th. The stock was 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 of the company's stock, valued at $1,300,992. The trade was a 9.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick W. Gross sold 3,400 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $26.74, for a total value of $90,916.00. Following the completion of the transaction, the director now owns 69,635 shares in the company, valued at approximately $1,862,039.90. The trade was a 4.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,450 shares of company stock worth $1,036,206 over the last 90 days. 1.81% of the stock is owned by insiders.

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.