XTX Topco Ltd Makes New Investment in Perdoceo Education Corporation (NASDAQ:PRDO)

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

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in Perdoceo Education during the 1st quarter worth approximately $267,000. Picton Mahoney Asset Management increased its holdings in Perdoceo Education by 28,903.8% during the 1st quarter. Picton Mahoney Asset Management now owns 15,082 shares of the company's stock worth $380,000 after purchasing an additional 15,030 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Perdoceo Education by 21.7% during the 1st quarter. Mackenzie Financial Corp now owns 78,841 shares of the company's stock worth $1,985,000 after purchasing an additional 14,084 shares in the last quarter. Equitable Trust Co. increased its holdings in 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 purchasing an additional 2,411 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in 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 purchasing an additional 7,163 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PRDO shares. Wall Street Zen lowered Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th. Barrington Research reaffirmed an "outperform" rating and issued a $40.00 target price on shares of Perdoceo Education in a report on Friday, August 1st.

Insiders Place Their Bets

In related news, Director William Dean Hansen sold 5,994 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $31.56, for a total value of $189,170.64. Following the transaction, the director owned 44,171 shares in the company, valued at approximately $1,394,036.76. This represents a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Robert Kline sold 71,254 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $31.75, for a total value of $2,262,314.50. Following the sale, the senior vice president owned 75,868 shares in the company, valued at approximately $2,408,809. This represents a 48.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,474 shares of company stock valued at $4,157,836 in the last quarter. 2.11% of the stock is currently owned by company insiders.

Perdoceo Education Stock Performance

Shares of PRDO stock traded up $0.38 during trading on Friday, hitting $31.24. The company's stock had a trading volume of 180,658 shares, compared to its average volume of 606,055. The company has a market cap of $2.03 billion, a PE ratio of 13.53, a P/E/G ratio of 0.83 and a beta of 0.87. 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 business has a fifty day moving average of $31.00 and a 200-day moving average of $28.56. Perdoceo Education Corporation has a 52 week low of $20.55 and a 52 week high of $34.60.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%. The business had revenue of $209.58 million for the quarter, compared to the consensus estimate of $206.92 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. Perdoceo Education's revenue for the quarter was up 25.7% on a year-over-year basis. As a group, research analysts anticipate that Perdoceo Education Corporation will post 2.41 earnings per share for the current year.

Perdoceo Education Increases Dividend

The company 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 is a positive change from Perdoceo Education's previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.9%. Perdoceo Education's dividend payout ratio (DPR) is currently 22.51%.

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.