12,760 Shares in Perdoceo Education Co. (NASDAQ:PRDO) Purchased by Centiva Capital LP

Centiva Capital LP purchased a new position in Perdoceo Education Co. (NASDAQ:PRDO) in the 4th quarter, Holdings Channel.com reports. The firm purchased 12,760 shares of the company’s stock, valued at approximately $338,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Atria Investments Inc raised its position in Perdoceo Education by 3.6% in the fourth quarter. Atria Investments Inc now owns 10,886 shares of the company’s stock worth $288,000 after purchasing an additional 375 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Perdoceo Education by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock worth $34,000 after purchasing an additional 913 shares in the last quarter. Swiss National Bank raised its position in Perdoceo Education by 0.8% in the fourth quarter. Swiss National Bank now owns 122,700 shares of the company’s stock worth $3,248,000 after purchasing an additional 1,000 shares in the last quarter. KBC Group NV raised its position in Perdoceo Education by 47.5% in the fourth quarter. KBC Group NV now owns 3,696 shares of the company’s stock worth $98,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Quarry LP raised its position in Perdoceo Education by 223.6% in the fourth quarter. Quarry LP now owns 1,793 shares of the company’s stock worth $47,000 after purchasing an additional 1,239 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity

In other 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 sale, the chief executive officer now directly owns 644,047 shares of the company’s stock, valued at $15,882,199.02. This represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Elise Baskel sold 17,818 shares of the stock in a transaction that occurred 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. This trade represents a 16.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 123,782 shares of company stock valued at $3,167,399 over the last three months. 2.11% of the stock is owned by insiders.

Analysts Set New Price Targets

PRDO has been the topic of several research analyst reports. StockNews.com cut shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 5th. Barrington Research upped their price objective on shares of Perdoceo Education from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd.

Perdoceo Education Price Performance

Shares of Perdoceo Education stock opened at $31.06 on Monday. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 0.75 and a beta of 0.79. Perdoceo Education Co. has a 1-year low of $20.23 and a 1-year high of $31.22. The firm’s 50-day moving average price is $25.88 and its two-hundred day moving average price is $26.35.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.04. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The firm had revenue of $213.00 million for the quarter, compared to analysts’ expectations of $207.97 million. During the same period in the prior year, the firm earned $0.60 earnings per share. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, equities analysts predict that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Sunday, June 1st will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.67%. Perdoceo Education’s dividend payout ratio (DPR) is currently 23.01%.

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.