Jefferies Financial Group Inc. bought a new stake in Perdoceo Education Corporation (NASDAQ:PRDO – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund bought 168,298 shares of the company’s stock, valued at approximately $4,936,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. CBIZ Investment Advisory Services LLC acquired a new stake in Perdoceo Education in the 3rd quarter valued at approximately $25,000. Salomon & Ludwin LLC raised its position in Perdoceo Education by 72.6% in the 4th quarter. Salomon & Ludwin LLC now owns 811 shares of the company’s stock valued at $25,000 after buying an additional 341 shares during the last quarter. Fifth Third Bancorp raised its position in Perdoceo Education by 108.2% in the 4th quarter. Fifth Third Bancorp now owns 970 shares of the company’s stock valued at $28,000 after buying an additional 504 shares during the last quarter. IFP Advisors Inc raised its position in Perdoceo Education by 34.6% in the 4th quarter. IFP Advisors Inc now owns 1,363 shares of the company’s stock valued at $40,000 after buying an additional 350 shares during the last quarter. Finally, AlphaQuest LLC raised its position in Perdoceo Education by 60.9% in the 3rd quarter. AlphaQuest LLC now owns 2,401 shares of the company’s stock valued at $90,000 after buying an additional 909 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
Perdoceo Education Price Performance
NASDAQ:PRDO opened at $33.98 on Tuesday. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 0.73 and a beta of 0.73. Perdoceo Education Corporation has a twelve month low of $26.66 and a twelve month high of $38.50. The stock’s 50 day moving average price is $35.36 and its two-hundred day moving average price is $32.45.
Perdoceo Education Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, June 1st. Perdoceo Education’s payout ratio is currently 22.99%.
Insider Activity at Perdoceo Education
In other news, insider Michele A. Peppers sold 14,000 shares of Perdoceo Education stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $34.50, for a total transaction of $483,000.00. Following the completion of the transaction, the insider directly owned 35,748 shares in the company, valued at approximately $1,233,306. The trade was a 28.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David C. Czeszewski sold 36,225 shares of Perdoceo Education stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $32.81, for a total value of $1,188,542.25. Following the transaction, the senior vice president owned 68,875 shares of the company’s stock, valued at $2,259,788.75. This represents a 34.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 235,438 shares of company stock worth $8,286,247 in the last three months. 1.46% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on PRDO. Weiss Ratings reissued a “buy (b)” rating on shares of Perdoceo Education in a research report on Tuesday, April 21st. Barrington Research set a $44.00 target price on Perdoceo Education in a research report on Friday, May 8th. Finally, Zacks Research lowered Perdoceo Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Perdoceo Education has an average rating of “Moderate Buy” and a consensus price target of $44.00.
Get Our Latest Stock Report on PRDO
Perdoceo Education Company Profile
Perdoceo Education Corporation (NASDAQ: PRDO) is a for-profit postsecondary education provider offering certificate, associate, bachelor’s and master’s degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.
With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.
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