Versor Investments LP Decreases Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Posted by Defense World Staff on Apr 14th, 2023

Versor Investments LP cut its stake in Perdoceo Education Co. (NASDAQ:PRDO – Get Rating) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,800 shares of the company’s stock after selling 800 shares during the period. Versor Investments LP owned about 0.05% of Perdoceo Education worth $484,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its position in Perdoceo Education by 547.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 203,830 shares of the company’s stock valued at $2,833,000 after acquiring an additional 172,339 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in Perdoceo Education by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 65,630 shares of the company’s stock valued at $912,000 after acquiring an additional 798 shares during the last quarter. Maryland State Retirement & Pension System purchased a new stake in Perdoceo Education in the fourth quarter valued at $385,000. Ronald Blue Trust Inc. lifted its position in Perdoceo Education by 69.7% in the fourth quarter. Ronald Blue Trust Inc. now owns 5,077 shares of the company’s stock valued at $52,000 after acquiring an additional 2,086 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Perdoceo Education by 142.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 450,578 shares of the company’s stock valued at $6,263,000 after acquiring an additional 265,079 shares during the last quarter. 91.01% of the stock is owned by hedge funds and other institutional investors.

Perdoceo Education Stock Up 1.0 %

Shares of Perdoceo Education stock opened at $13.62 on Friday. Perdoceo Education Co. has a 52-week low of $9.75 and a 52-week high of $15.65. The company’s 50-day simple moving average is $13.68 and its 200-day simple moving average is $13.29. The firm has a market cap of $914.99 million, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 0.51 and a beta of 1.21.

Perdoceo Education (NASDAQ:PRDO – Get Rating) last issued its earnings results on Thursday, February 23rd. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. Perdoceo Education had a net margin of 13.79% and a return on equity of 16.04%. The company had revenue of $176.15 million for the quarter, compared to analyst estimates of $164.75 million. During the same period in the prior year, the business posted $0.40 earnings per share. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities research analysts anticipate that Perdoceo Education Co. will post 1.74 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Perdoceo Education in a report on Thursday, March 16th. They issued a “strong-buy” rating for the company. Barrington Research upped their target price on shares of Perdoceo Education from $16.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, February 24th.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, SVP John Robert Kline sold 10,000 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $14.76, for a total value of $147,600.00. Following the sale, the senior vice president now owns 151,998 shares of the company’s stock, valued at $2,243,490.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Leslie T. Thornton sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $13.76, for a total transaction of $220,160.00. Following the transaction, the director now owns 40,484 shares of the company’s stock, valued at $557,059.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Robert Kline sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $14.76, for a total transaction of $147,600.00. Following the transaction, the senior vice president now directly owns 151,998 shares in the company, valued at approximately $2,243,490.48. The disclosure for this sale can be found here. Insiders have sold 92,000 shares of company stock valued at $1,249,240 over the last quarter. Corporate insiders own 2.89% of the company’s stock.

Perdoceo Education Company Profile

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Perdoceo Education Corp. engages in the provision of educational services. It operates through the Colorado Technical University (CTU) and American InterContinental University (AIU) segments. The CTU segment offers academic programs in the disciplines of business studies, nursing, computer science, engineering, information systems and technology, cybersecurity and healthcare management.