73,190 Shares in Perdoceo Education Co. (NASDAQ:PRDO) Acquired by Marshall Wace LLP

Marshall Wace LLP acquired a new position in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 73,190 shares of the company's stock, valued at approximately $1,937,000. Marshall Wace LLP owned 0.11% of Perdoceo Education at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PRDO. NewEdge Advisors LLC raised its holdings in shares of Perdoceo Education by 236.3% in the fourth quarter. NewEdge Advisors LLC now owns 12,601 shares of the company's stock worth $334,000 after buying an additional 8,854 shares during the period. Jump Financial LLC purchased a new stake in Perdoceo Education in the fourth quarter worth $556,000. Barclays PLC lifted its position in shares of Perdoceo Education by 3.6% during the fourth quarter. Barclays PLC now owns 114,578 shares of the company's stock worth $3,033,000 after purchasing an additional 3,956 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Perdoceo Education by 6.1% during the fourth quarter. Sterling Capital Management LLC now owns 31,936 shares of the company's stock valued at $845,000 after purchasing an additional 1,838 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Perdoceo Education by 11.1% during the fourth quarter. Invesco Ltd. now owns 756,429 shares of the company's stock valued at $20,023,000 after purchasing an additional 75,473 shares during the period. Institutional investors own 93.46% of the company's stock.

Perdoceo Education Stock Up 21.7 %

NASDAQ PRDO traded up $5.47 on Friday, reaching $30.64. 397,495 shares of the stock traded hands, compared to its average volume of 473,976. Perdoceo Education Co. has a 12 month low of $19.71 and a 12 month high of $30.78. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 0.75 and a beta of 0.87. The company has a fifty day moving average price of $25.28 and a 200-day moving average price of $25.89. 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 (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.04. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The firm had revenue of $213.00 million during the quarter, compared to the consensus estimate of $207.97 million. During the same period in the previous year, the company posted $0.60 earnings per share. The firm's quarterly revenue was up 26.6% on a year-over-year basis. As a group, research analysts forecast that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.70%. Perdoceo Education's dividend payout ratio is presently 23.64%.

Analyst Ratings Changes

Several research firms recently commented on PRDO. StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Barrington Research lifted their price target on shares of Perdoceo Education from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Friday.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 38,984 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $24.66, for a total transaction of $961,345.44. Following the sale, the chief executive officer now owns 644,047 shares of the company's stock, valued at approximately $15,882,199.02. This trade represents a 5.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Elise Baskel sold 17,818 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $24.16, for a total value of $430,482.88. Following the completion of the transaction, the senior vice president now directly owns 93,354 shares of the company's stock, valued at approximately $2,255,432.64. The trade was a 16.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,691 shares of company stock valued at $2,774,669 over the last ninety days. 2.11% of the stock is owned by company insiders.

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.