Centiva Capital LP Invests $338,000 in Perdoceo Education Co. (NASDAQ:PRDO)

Centiva Capital LP purchased a new stake in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,760 shares of the company's stock, valued at approximately $338,000.

A number of other hedge funds have also added to or reduced their stakes in PRDO. First Trust Advisors LP increased its holdings in Perdoceo Education by 7.9% in the 4th quarter. First Trust Advisors LP now owns 3,296,208 shares of the company's stock worth $87,251,000 after purchasing an additional 241,147 shares in the last quarter. Geode Capital Management LLC boosted its stake in Perdoceo Education by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,817,982 shares of the company's stock valued at $48,129,000 after purchasing an additional 14,591 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new position in Perdoceo Education during the 4th quarter valued at $47,129,000. American Century Companies Inc. lifted its position in shares of Perdoceo Education by 5.1% during the 4th quarter. American Century Companies Inc. now owns 1,627,190 shares of the company's stock worth $43,072,000 after buying an additional 79,686 shares in the last quarter. Finally, Boston Partners increased its position in shares of Perdoceo Education by 41.1% during the 4th quarter. Boston Partners now owns 1,209,899 shares of the company's stock valued at $32,379,000 after purchasing an additional 352,470 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, insider Michele A. Peppers sold 4,038 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $32.00, for a total transaction of $129,216.00. Following the completion of the transaction, the insider now directly owns 45,876 shares in the company, valued at approximately $1,468,032. This represents a 8.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ashish R. Ghia sold 35,677 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $25.83, for a total transaction of $921,536.91. Following the completion of the sale, the chief financial officer now owns 204,477 shares of the company's stock, valued at approximately $5,281,640.91. The trade was a 14.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 127,820 shares of company stock valued at $3,296,615 over the last 90 days. Insiders own 2.11% of the company's stock.

Perdoceo Education Stock Performance

NASDAQ PRDO traded up $0.31 during trading hours on Thursday, hitting $31.22. 355,163 shares of the company's stock traded hands, compared to its average volume of 469,168. The business's fifty day moving average price is $26.23 and its two-hundred day moving average price is $26.48. Perdoceo Education Co. has a 52 week low of $20.23 and a 52 week high of $32.03. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.05 billion, a P/E ratio of 14.19, a P/E/G ratio of 0.75 and a beta of 0.79.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.04. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The company had revenue of $213.00 million during the quarter, compared to analysts' expectations of $207.97 million. During the same period last year, the company posted $0.60 earnings per share. Perdoceo Education's quarterly revenue was up 26.6% on a year-over-year basis. Equities research analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Sunday, June 1st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, May 30th. Perdoceo Education's dividend payout ratio (DPR) is 23.01%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PRDO shares. StockNews.com lowered Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th. Barrington Research raised their price target on Perdoceo Education from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd.

Perdoceo Education 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.