Oregon Public Employees Retirement Fund reduced its holdings in Perdoceo Education Co. (NASDAQ:PRDO – Free Report) by 5.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 20,988 shares of the company’s stock after selling 1,307 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Perdoceo Education were worth $258,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. lifted its stake in Perdoceo Education by 642.9% in the first quarter. Advisor Group Holdings Inc. now owns 25,794 shares of the company’s stock valued at $358,000 after buying an additional 22,322 shares in the last quarter. JPMorgan Chase & Co. raised its position in Perdoceo Education by 12.4% during the first quarter. JPMorgan Chase & Co. now owns 885,128 shares of the company’s stock worth $10,160,000 after acquiring an additional 97,699 shares in the last quarter. Citigroup Inc. lifted its position in shares of Perdoceo Education by 2.0% in the first quarter. Citigroup Inc. now owns 68,899 shares of the company’s stock valued at $791,000 after buying an additional 1,331 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Perdoceo Education by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 38,316 shares of the company’s stock worth $440,000 after acquiring an additional 13,662 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Perdoceo Education by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 60,438 shares of the company’s stock valued at $694,000 after acquiring an additional 7,452 shares during the period. Institutional investors own 93.44% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have commented on PRDO shares. StockNews.com started coverage on shares of Perdoceo Education in a research report on Thursday, October 5th. They set a “strong-buy” rating for the company. Barrington Research boosted their price objective on Perdoceo Education from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, August 4th.
Insiders Place Their Bets
In related news, insider Michele A. Peppers sold 13,400 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $16.80, for a total transaction of $225,120.00. Following the sale, the insider now directly owns 62,401 shares in the company, valued at approximately $1,048,336.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Michele A. Peppers sold 13,400 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $16.80, for a total transaction of $225,120.00. Following the completion of the transaction, the insider now directly owns 62,401 shares in the company, valued at approximately $1,048,336.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Hurst sold 15,000 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $16.02, for a total value of $240,300.00. Following the completion of the sale, the chief executive officer now owns 352,641 shares in the company, valued at approximately $5,649,308.82. The disclosure for this sale can be found here. Insiders have sold a total of 142,887 shares of company stock worth $2,326,388 over the last 90 days. Corporate insiders own 2.73% of the company’s stock.
Perdoceo Education Stock Down 2.0 %
PRDO stock opened at $17.50 on Tuesday. The company’s fifty day simple moving average is $16.92 and its 200 day simple moving average is $14.33. Perdoceo Education Co. has a 12-month low of $10.64 and a 12-month high of $18.58. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 0.63 and a beta of 1.12.
Perdoceo Education (NASDAQ:PRDO – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. Perdoceo Education had a return on equity of 17.41% and a net margin of 17.50%. The firm had revenue of $186.60 million for the quarter, compared to analysts’ expectations of $179.40 million. During the same period in the prior year, the business earned $0.42 EPS. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts expect that Perdoceo Education Co. will post 1.88 earnings per share for the current year.
Perdoceo Education Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Thursday, August 31st. Perdoceo Education’s dividend payout ratio (DPR) is currently 23.78%.
About Perdoceo Education
Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. The company operates in two segments, Colorado Technical University and The American InterContinental University System. It offers academic programs in the career-oriented disciplines of business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice, as well as business studies, information technologies, education, and health sciences.
Featured Articles
- Five stocks we like better than Perdoceo Education
- Insider Trades May Not Tell You What You Think
- Las Vegas Sands Stock May No Longer Be a Gamble
- How to Buy Cheap Stocks Step by Step
- MarketBeat ‘Stock of the Week’: Is Gen Digital Undervalued?
- Retail Stocks Investing, Explained
- The Value Deepens for Medtech Stocks: Reversal Imminent
Want to see what other hedge funds are holding PRDO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perdoceo Education Co. (NASDAQ:PRDO – Free Report).
Receive News & Ratings for Perdoceo Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perdoceo Education and related companies with MarketBeat.com's FREE daily email newsletter.
