XTX Topco Ltd Purchases New Position in Perdoceo Education Corporation (NASDAQ:PRDO)

XTX Topco Ltd purchased a new stake in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 30,050 shares of the company's stock, valued at approximately $757,000.

Several other large investors have also added to or reduced their stakes in the business. Banque Cantonale Vaudoise bought a new position in Perdoceo Education in the 1st quarter valued at about $267,000. Picton Mahoney Asset Management lifted its position in Perdoceo Education by 28,903.8% in the 1st quarter. Picton Mahoney Asset Management now owns 15,082 shares of the company's stock valued at $380,000 after acquiring an additional 15,030 shares in the last quarter. Mackenzie Financial Corp lifted its position in Perdoceo Education by 21.7% in the 1st quarter. Mackenzie Financial Corp now owns 78,841 shares of the company's stock valued at $1,985,000 after acquiring an additional 14,084 shares in the last quarter. Equitable Trust Co. lifted its position in shares of Perdoceo Education by 21.6% during the 1st quarter. Equitable Trust Co. now owns 13,573 shares of the company's stock worth $342,000 after buying an additional 2,411 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Perdoceo Education by 6.8% during the 1st quarter. Assetmark Inc. now owns 112,122 shares of the company's stock worth $2,823,000 after buying an additional 7,163 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Insiders Place Their Bets

In related news, SVP Julia A. Leeman sold 5,000 shares of Perdoceo Education stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $32.07, for a total value of $160,350.00. Following the completion of the transaction, the senior vice president directly owned 29,677 shares in the company, valued at approximately $951,741.39. The trade was a 14.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Robert Kline sold 71,254 shares of Perdoceo Education stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $31.75, for a total transaction of $2,262,314.50. Following the completion of the transaction, the senior vice president owned 75,868 shares of the company's stock, valued at $2,408,809. This represents a 48.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,474 shares of company stock worth $4,157,836 in the last three months. Insiders own 2.11% of the company's stock.

Analysts Set New Price Targets

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

Perdoceo Education Trading Down 5.5%

NASDAQ:PRDO opened at $28.08 on Tuesday. The company has a current ratio of 4.27, a quick ratio of 4.26 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.84 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.79 and a beta of 0.87. The firm's 50 day moving average is $31.13 and its 200 day moving average is $28.51. Perdoceo Education Corporation has a 12 month low of $20.55 and a 12 month high of $34.60.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. The company had revenue of $209.58 million for the quarter, compared to analysts' expectations of $206.92 million. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. Perdoceo Education's revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. Sell-side analysts expect that Perdoceo Education Corporation will post 2.41 earnings per share for the current year.

Perdoceo Education Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be paid a $0.15 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.13. Perdoceo Education's dividend payout ratio (DPR) is presently 22.51%.

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.

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