Renaissance Technologies LLC trimmed its holdings in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,277,654 shares of the company's stock after selling 100,533 shares during the quarter. Renaissance Technologies LLC owned approximately 6.51% of Perdoceo Education worth $113,230,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP bought a new stake in shares of Perdoceo Education in the 3rd quarter valued at approximately $9,374,000. Geode Capital Management LLC increased its stake in Perdoceo Education by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,803,391 shares of the company's stock worth $40,114,000 after buying an additional 33,092 shares during the period. Barclays PLC raised its stake in shares of Perdoceo Education by 353.5% during the third quarter. Barclays PLC now owns 110,622 shares of the company's stock valued at $2,460,000 after acquiring an additional 86,227 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Perdoceo Education by 9.6% in the 3rd quarter. Franklin Resources Inc. now owns 278,091 shares of the company's stock worth $5,954,000 after buying an additional 24,434 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Perdoceo Education by 3.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 582,180 shares of the company's stock worth $12,948,000 after acquiring an additional 16,720 shares in the last quarter. Institutional investors own 93.46% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. StockNews.com upgraded Perdoceo Education from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Barrington Research raised their price objective on Perdoceo Education from $32.00 to $35.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th.
View Our Latest Stock Report on Perdoceo Education
Insider Buying and Selling at Perdoceo Education
In related news, CFO Ashish R. Ghia sold 6,236 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $25.00, for a total transaction of $155,900.00. Following the completion of the transaction, the chief financial officer now owns 252,130 shares of the company's stock, valued at $6,303,250. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Todd S. Nelson sold 38,984 shares of the firm's 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 sale, the chief executive officer now directly owns 644,047 shares in the company, valued at approximately $15,882,199.02. This trade represents a 5.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,691 shares of company stock worth $2,774,669. 1.81% of the stock is currently owned by insiders.
Perdoceo Education Stock Down 0.8 %
PRDO traded down $0.21 during trading on Monday, hitting $25.61. The stock had a trading volume of 69,031 shares, compared to its average volume of 479,748. The stock has a 50 day simple moving average of $26.06 and a two-hundred day simple moving average of $25.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. Perdoceo Education Co. has a twelve month low of $16.56 and a twelve month high of $29.84. The company has a market capitalization of $1.69 billion, a PE ratio of 11.64, a PEG ratio of 0.75 and a beta of 0.87.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The business 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%. On average, research analysts predict that Perdoceo Education Co. will post 2.41 earnings per share for the current year.
Perdoceo Education Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders 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 2.03%. Perdoceo Education's dividend payout ratio is currently 23.64%.
Perdoceo Education Company 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.
Further Reading
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