Millennium Management LLC Has $23.07 Million Position in Perdoceo Education Co. (NASDAQ:PRDO)

Millennium Management LLC boosted its position in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 46.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 871,572 shares of the company's stock after purchasing an additional 275,129 shares during the quarter. Millennium Management LLC owned about 1.33% of Perdoceo Education worth $23,071,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of 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 acquiring an additional 913 shares during the period. Quarry LP lifted its position in shares of Perdoceo Education by 223.6% during the 4th quarter. Quarry LP now owns 1,793 shares of the company's stock valued at $47,000 after acquiring an additional 1,239 shares during the period. R Squared Ltd bought a new stake in shares of Perdoceo Education during the 4th quarter valued at $60,000. KBC Group NV lifted its position in shares of Perdoceo Education by 47.5% during the 4th quarter. KBC Group NV now owns 3,696 shares of the company's stock valued at $98,000 after acquiring an additional 1,190 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of Perdoceo Education by 53.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock valued at $103,000 after acquiring an additional 1,355 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Insider Transactions at Perdoceo Education

In other news, CFO Ashish R. Ghia sold 35,677 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $25.83, for a total transaction of $921,536.91. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michele A. Peppers sold 4,038 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $32.00, for a total value of $129,216.00. Following the transaction, the insider now directly owns 45,876 shares of the company's stock, valued at $1,468,032. This trade represents a 8.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,820 shares of company stock valued at $3,296,615. Corporate insiders own 2.11% of the company's stock.

Perdoceo Education Price Performance

Shares of Perdoceo Education stock traded up $0.30 during trading on Monday, reaching $31.03. 591,891 shares of the company's stock were exchanged, compared to its average volume of 477,099. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. Perdoceo Education Co. has a 1-year low of $20.23 and a 1-year high of $32.03. The company has a market cap of $2.03 billion, a P/E ratio of 14.10, a PEG ratio of 0.75 and a beta of 0.79. The firm's 50-day moving average price is $27.26 and its 200 day moving average price is $26.99.

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

Perdoceo Education Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 1.68%. Perdoceo Education's dividend payout ratio (DPR) is currently 23.01%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PRDO shares. Wall Street Zen downgraded Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th. Barrington Research upped their target price on Perdoceo Education from $35.00 to $38.00 and gave the company an "outperform" rating in a research report 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.