Schonfeld Strategic Advisors LLC Purchases Shares of 14,700 Perdoceo Education Co. (NASDAQ:PRDO)

Schonfeld Strategic Advisors LLC purchased a new position in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,700 shares of the company's stock, valued at approximately $389,000.

A number of other institutional investors and hedge funds have also modified their holdings of PRDO. Boston Partners grew its position in shares of Perdoceo Education by 41.1% in the fourth quarter. Boston Partners now owns 1,209,899 shares of the company's stock valued at $32,379,000 after purchasing an additional 352,470 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Perdoceo Education by 63.0% in the fourth quarter. Wellington Management Group LLP now owns 686,873 shares of the company's stock valued at $18,182,000 after acquiring an additional 265,401 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Perdoceo Education by 7.9% during the fourth quarter. First Trust Advisors LP now owns 3,296,208 shares of the company's stock valued at $87,251,000 after acquiring an additional 241,147 shares during the last quarter. JPMorgan Chase & Co. increased its position in Perdoceo Education by 27.5% during the 4th quarter. JPMorgan Chase & Co. now owns 742,342 shares of the company's stock worth $19,650,000 after purchasing an additional 160,162 shares in the last quarter. Finally, Kennondale Capital Management LLC purchased a new stake in Perdoceo Education during the 4th quarter worth about $2,558,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Perdoceo Education Trading Down 1.3%

Shares of NASDAQ PRDO traded down $0.40 during trading on Wednesday, hitting $30.91. 468,622 shares of the company traded hands, compared to its average volume of 468,985. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.03 billion, a P/E ratio of 14.05, a P/E/G ratio of 0.75 and a beta of 0.79. The company has a 50-day moving average price of $26.12 and a 200-day moving average price of $26.45. Perdoceo Education Co. has a 1 year low of $20.23 and a 1 year high of $32.03.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its earnings results 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. The business had revenue of $213.00 million for the quarter, compared to analyst estimates of $207.97 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The business's quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 EPS. On average, equities analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Sunday, June 1st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, May 30th. Perdoceo Education's dividend payout ratio (DPR) is 23.01%.

Analysts Set New Price Targets

Several equities analysts recently commented on PRDO shares. StockNews.com lowered Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th. Barrington Research increased their price objective on shares of Perdoceo Education from $35.00 to $38.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd.

Insider Buying and Selling

In related news, CEO Todd S. Nelson sold 38,984 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $24.66, for a total value 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 document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ashish R. Ghia sold 6,236 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $25.00, for a total value of $155,900.00. Following the transaction, the chief financial officer now owns 252,130 shares of the company's stock, valued at approximately $6,303,250. The trade was a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 123,782 shares of company stock worth $3,167,399. Insiders own 2.11% of the company's stock.

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.