47,344 Shares in Perdoceo Education Co. (NASDAQ:PRDO) Purchased by Two Sigma Investments LP

Two Sigma Investments LP bought a new stake in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 47,344 shares of the company's stock, valued at approximately $1,253,000. Two Sigma Investments LP owned about 0.07% of Perdoceo Education as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in Perdoceo Education by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock valued at $34,000 after buying an additional 913 shares during the last quarter. Quarry LP boosted its holdings in shares of Perdoceo Education by 223.6% during the fourth quarter. Quarry LP now owns 1,793 shares of the company's stock worth $47,000 after purchasing an additional 1,239 shares during the last quarter. KBC Group NV boosted its holdings in shares of Perdoceo Education by 47.5% during the fourth quarter. KBC Group NV now owns 3,696 shares of the company's stock worth $98,000 after purchasing an additional 1,190 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Perdoceo Education by 53.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock worth $103,000 after purchasing an additional 1,355 shares during the last quarter. Finally, New Vernon Capital Holdings II LLC acquired a new stake in shares of Perdoceo Education during the fourth quarter worth $127,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

PRDO has been the topic of several analyst reports. Wall Street Zen cut Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th. Barrington Research increased their target price on Perdoceo Education from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday.

Insiders Place Their Bets

In other Perdoceo Education news, SVP Julia A. Leeman sold 5,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $32.07, for a total transaction of $160,350.00. Following the transaction, the senior vice president now owns 29,677 shares in the company, valued at $951,741.39. The trade was a 14.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Todd S. Nelson sold 38,984 shares of the business'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 transaction, the chief executive officer now owns 644,047 shares in the company, valued at approximately $15,882,199.02. This represents a 5.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,116 shares of company stock worth $3,895,709 over the last quarter. 2.11% of the stock is owned by corporate insiders.

Perdoceo Education Trading Down 0.8%

Shares of PRDO traded down $0.27 during trading hours on Friday, hitting $33.00. The stock had a trading volume of 591,164 shares, compared to its average volume of 485,944. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. The firm has a market cap of $2.16 billion, a P/E ratio of 15.00, a P/E/G ratio of 0.75 and a beta of 0.85. The company's fifty day simple moving average is $28.70 and its 200 day simple moving average is $27.43. Perdoceo Education Co. has a 12-month low of $20.23 and a 12-month high of $34.60.

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

Perdoceo Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Sunday, June 1st will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, May 30th. Perdoceo Education's dividend payout ratio is presently 23.01%.

About Perdoceo Education

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.