Deutsche Bank AG Acquires 21,432 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Deutsche Bank AG increased its position in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 58.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 57,959 shares of the company's stock after acquiring an additional 21,432 shares during the quarter. Deutsche Bank AG owned about 0.09% of Perdoceo Education worth $1,534,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC grew its holdings in Perdoceo Education by 280.5% during the 4th quarter. Cubist Systematic Strategies LLC now owns 196,075 shares of the company's stock valued at $5,190,000 after buying an additional 144,547 shares in the last quarter. Centiva Capital LP bought a new stake in shares of Perdoceo Education during the 4th quarter valued at about $338,000. Castlekeep Investment Advisors LLC bought a new stake in shares of Perdoceo Education during the 4th quarter valued at about $47,129,000. Balyasny Asset Management L.P. boosted its position in shares of Perdoceo Education by 8.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 19,931 shares of the company's stock valued at $528,000 after acquiring an additional 1,572 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of Perdoceo Education by 27.0% in the 4th quarter. Baird Financial Group Inc. now owns 12,896 shares of the company's stock worth $341,000 after buying an additional 2,743 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wall Street Analyst Weigh In

PRDO has been the topic of a number of research analyst reports. Barrington Research increased their price target on shares of Perdoceo Education from $35.00 to $38.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Wall Street Zen downgraded Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th.

Insider Activity

In other Perdoceo Education news, SVP Elise Baskel sold 17,818 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $24.16, for a total value of $430,482.88. Following the transaction, the senior vice president now directly owns 93,354 shares of the company's stock, valued at approximately $2,255,432.64. This trade represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michele A. Peppers sold 4,038 shares of Perdoceo Education stock in a transaction that occurred 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 transaction, the insider now directly owns 45,876 shares in the company, valued at $1,468,032. This represents a 8.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 127,820 shares of company stock worth $3,296,615 over the last three months. 2.11% of the stock is currently owned by corporate insiders.

Perdoceo Education Trading Up 2.6%

PRDO traded up $0.83 during trading on Wednesday, hitting $32.86. 373,197 shares of the stock traded hands, compared to its average volume of 477,162. The firm has a market capitalization of $2.15 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 0.75 and a beta of 0.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45. The firm has a 50-day moving average of $27.41 and a 200 day moving average of $27.03. Perdoceo Education Co. has a 12-month low of $20.23 and a 12-month high of $32.89.

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

Perdoceo Education Dividend Announcement

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

Perdoceo Education Company 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.