Trexquant Investment LP Acquires 76,703 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Trexquant Investment LP increased its stake in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 170.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,679 shares of the company's stock after purchasing an additional 76,703 shares during the period. Trexquant Investment LP owned 0.19% of Perdoceo Education worth $3,221,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in shares of Perdoceo Education in the 3rd quarter valued at $9,374,000. Geode Capital Management LLC boosted its holdings in Perdoceo Education by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,803,391 shares of the company's stock valued at $40,114,000 after acquiring an additional 33,092 shares during the last quarter. Barclays PLC increased its position in Perdoceo Education by 353.5% in the third quarter. Barclays PLC now owns 110,622 shares of the company's stock worth $2,460,000 after purchasing an additional 86,227 shares during the period. Franklin Resources Inc. raised its holdings in Perdoceo Education by 9.6% during the 3rd quarter. Franklin Resources Inc. now owns 278,091 shares of the company's stock worth $5,954,000 after purchasing an additional 24,434 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Perdoceo Education by 3.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 582,180 shares of the company's stock valued at $12,948,000 after purchasing an additional 16,720 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barrington Research lifted their price target on shares of Perdoceo Education from $32.00 to $35.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th.

Insiders Place Their Bets

In related news, CFO Ashish R. Ghia sold 35,677 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $25.83, for a total value of $921,536.91. Following the sale, the chief financial officer now directly 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Todd S. Nelson sold 38,984 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $24.66, for a total value of $961,345.44. Following the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 110,691 shares of company stock worth $2,774,669. Company insiders own 1.81% of the company's stock.

Perdoceo Education Trading Up 0.2 %

Shares of Perdoceo Education stock traded up $0.05 during trading on Friday, reaching $25.82. 459,156 shares of the company were exchanged, compared to its average volume of 481,729. The business has a 50-day moving average price of $26.06 and a 200-day moving average price of $25.56. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 0.75 and a beta of 0.87. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. Perdoceo Education Co. has a twelve month low of $16.56 and a twelve month high of $29.84.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The firm had revenue of $176.43 million for the quarter, compared to analysts' expectations of $160.12 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. Sell-side analysts anticipate that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.01%. The ex-dividend date was Friday, February 28th. Perdoceo Education's payout ratio is presently 23.64%.

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.