Perdoceo Education Co. (NASDAQ:PRDO) Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL grew its position in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 22.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,340 shares of the company's stock after purchasing an additional 50,839 shares during the period. 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 hedge funds and other institutional investors have also modified their holdings of PRDO. Barclays PLC boosted its holdings in Perdoceo Education by 353.5% in the third quarter. Barclays PLC now owns 110,622 shares of the company's stock valued at $2,460,000 after purchasing an additional 86,227 shares in the last quarter. Franklin Resources Inc. raised its stake 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 acquiring an additional 24,434 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Perdoceo Education by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 582,180 shares of the company's stock valued at $12,948,000 after acquiring an additional 16,720 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Perdoceo Education in the fourth quarter valued at $358,000. Finally, Inspire Investing LLC purchased a new position in shares of Perdoceo Education during the fourth quarter worth about $818,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Perdoceo Education Stock Performance

Shares of PRDO stock traded up $5.66 during mid-day trading on Friday, hitting $30.83. The stock had a trading volume of 1,346,408 shares, compared to its average volume of 467,495. Perdoceo Education Co. has a fifty-two week low of $20.23 and a fifty-two week high of $30.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45. The company's 50-day simple moving average is $25.39 and its 200-day simple moving average is $25.98. The firm has a market cap of $2.02 billion, a PE ratio of 14.01, a PEG ratio of 0.75 and a beta of 0.87.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.04. The company had revenue of $213.00 million during the quarter, compared to the consensus estimate of $207.97 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. Perdoceo Education's quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 earnings per share. Sell-side analysts anticipate that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Sunday, June 1st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.69%. Perdoceo Education's dividend payout ratio is presently 23.64%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PRDO. StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Barrington Research raised their price target on Perdoceo Education from $35.00 to $38.00 and gave the stock an "outperform" rating in a report on Friday.

Insiders Place Their Bets

In other Perdoceo Education news, CFO Ashish R. Ghia sold 35,677 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $25.83, for a total transaction of $921,536.91. Following the sale, the chief financial officer now directly owns 204,477 shares of the company's stock, valued at $5,281,640.91. This trade represents a 14.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Todd S. Nelson sold 38,984 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $24.66, for a total transaction of $961,345.44. Following the completion of the transaction, the chief executive officer now directly owns 644,047 shares of the company's stock, valued at approximately $15,882,199.02. This represents a 5.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,691 shares of company stock worth $2,774,669. 2.11% of the stock is owned by corporate insiders.

About Perdoceo Education

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.