Tudor Investment Corp ET AL Purchases 50,839 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Tudor Investment Corp ET AL boosted its stake in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 22.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 281,340 shares of the company's stock after buying an additional 50,839 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.43% of Perdoceo Education worth $7,447,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Smartleaf Asset Management LLC raised its holdings in shares of Perdoceo Education by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock valued at $34,000 after purchasing an additional 913 shares during the last quarter. Quarry LP increased its stake in Perdoceo Education by 223.6% in the 4th quarter. Quarry LP now owns 1,793 shares of the company's stock valued at $47,000 after buying an additional 1,239 shares during the last quarter. R Squared Ltd purchased a new stake in Perdoceo Education in the 4th quarter valued at about $60,000. KBC Group NV lifted its position in shares of Perdoceo Education by 47.5% during the 4th quarter. KBC Group NV now owns 3,696 shares of the company's stock worth $98,000 after buying an additional 1,190 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Perdoceo Education by 53.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock valued at $103,000 after acquiring an additional 1,355 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Perdoceo Education Stock Performance

Shares of Perdoceo Education stock traded down $0.06 on Monday, reaching $30.77. 223,688 shares of the company traded hands, compared to its average volume of 466,591. The company has a 50 day moving average of $25.39 and a 200 day moving average of $26.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45. Perdoceo Education Co. has a 52 week low of $20.23 and a 52 week high of $31.09. The firm has a market capitalization of $2.02 billion, a PE ratio of 14.03, a PEG ratio of 0.75 and a beta of 0.79.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced 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. The business had revenue of $213.00 million during the quarter, compared to analyst estimates of $207.97 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. Perdoceo Education's revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 earnings per share. Equities analysts forecast that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Sunday, June 1st will be given a dividend of $0.13 per share. The ex-dividend date is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.69%. Perdoceo Education's dividend payout ratio is presently 23.01%.

Insider Transactions at Perdoceo Education

In related news, CFO Ashish R. Ghia sold 35,677 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 204,477 shares of the company's stock, valued at approximately $5,281,640.91. This trade represents a 14.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Elise Baskel sold 17,818 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $24.16, for a total transaction of $430,482.88. Following the sale, the senior vice president now directly owns 93,354 shares in the company, valued at $2,255,432.64. The trade was a 16.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,691 shares of company stock worth $2,774,669 over the last quarter. Corporate insiders own 2.11% of the company's stock.

Analysts Set New Price Targets

PRDO has been the topic of a number of recent analyst reports. StockNews.com upgraded Perdoceo Education from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Barrington Research lifted their target price on Perdoceo Education from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Friday.

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.