World Investment Advisors LLC purchased a new stake in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 29,112 shares of the company's stock, valued at approximately $647,000.
A number of other hedge funds also recently modified their holdings of PRDO. Quarry LP boosted its holdings in Perdoceo Education by 1,306.3% in the second 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. raised its stake in Perdoceo Education by 38.7% during the third quarter. Blue Trust Inc. now owns 1,762 shares of the company's stock worth $38,000 after buying an additional 492 shares during the last quarter. Quest Partners LLC acquired a new position in Perdoceo Education in the second quarter valued at $39,000. Fifth Third Bancorp boosted 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 valued at $40,000 after acquiring an additional 1,633 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in Perdoceo Education during the 2nd quarter worth about $74,000. Institutional investors and hedge funds own 93.46% of the company's stock.
Perdoceo Education Stock Down 2.7 %
NASDAQ:PRDO traded down $0.75 during trading hours on Tuesday, reaching $27.33. The company had a trading volume of 504,115 shares, compared to its average volume of 459,999. Perdoceo Education Co. has a twelve month low of $16.12 and a twelve month high of $29.47. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 0.81 and a beta of 1.07. The business's 50-day simple moving average is $24.59 and its two-hundred day simple moving average is $23.02.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.53 by $0.06. The company had revenue of $169.83 million during the quarter, compared to the consensus estimate of $164.60 million. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The firm's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.64 EPS. As a group, equities analysts predict that Perdoceo Education Co. will post 2.27 earnings per share for the current year.
Perdoceo Education Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Monday, December 2nd. Perdoceo Education's dividend payout ratio is currently 26.13%.
Insider Activity at Perdoceo Education
In related news, SVP John Robert Kline sold 30,574 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $26.47, for a total transaction of $809,293.78. Following the completion of the sale, the senior vice president now directly owns 130,405 shares of the company's stock, valued at approximately $3,451,820.35. This trade represents a 18.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Patrick W. Gross sold 3,400 shares of Perdoceo Education stock in a transaction on Monday, November 18th. The stock was sold at an average price of $26.74, for a total value of $90,916.00. Following the sale, the director now owns 69,635 shares in the company, valued at $1,862,039.90. The trade was a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.81% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on PRDO shares. StockNews.com raised Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Sunday, December 8th. Barrington Research boosted their price target on Perdoceo Education from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th.
View Our Latest Analysis 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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