13,086 Shares in Perdoceo Education Co. (NASDAQ:PRDO) Acquired by Two Sigma Securities LLC

Two Sigma Securities 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 & Exchange Commission. The institutional investor purchased 13,086 shares of the company's stock, valued at approximately $346,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC increased its holdings in Perdoceo Education by 353.5% during the 3rd 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. World Investment Advisors LLC acquired a new position in Perdoceo Education in the 3rd quarter valued at about $647,000. Franklin Resources Inc. increased its position in Perdoceo Education by 9.6% in the 3rd quarter. Franklin Resources Inc. now owns 278,091 shares of the company's stock valued at $5,954,000 after acquiring an additional 24,434 shares during the period. DGS Capital Management LLC raised its stake in Perdoceo Education by 7.4% during the 3rd quarter. DGS Capital Management LLC now owns 46,088 shares of the company's stock valued at $1,025,000 after acquiring an additional 3,193 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 worth $12,948,000 after acquiring an additional 16,720 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 38,984 shares of the 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 transaction, the chief executive officer now owns 644,047 shares of the company's stock, valued at $15,882,199.02. This trade represents a 5.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Elise Baskel sold 17,818 shares of Perdoceo Education 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 completion of the transaction, the senior vice president now owns 93,354 shares in the company, valued at approximately $2,255,432.64. This trade represents a 16.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 110,691 shares of company stock worth $2,774,669. Insiders own 2.11% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on PRDO. StockNews.com upgraded Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Barrington Research increased their price objective on Perdoceo Education from $35.00 to $38.00 and gave the stock an "outperform" rating in a research report on Friday.

Perdoceo Education Price Performance

Perdoceo Education stock traded up $5.66 during trading hours 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 1-year low of $20.23 and a 1-year 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 stock's fifty day moving average is $25.39 and its two-hundred day moving average is $25.98. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 0.75 and a beta of 0.87.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.04. The firm had revenue of $213.00 million for 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. As a group, analysts predict that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Sunday, June 1st will be paid a $0.13 dividend. 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 payout ratio is currently 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.