Centiva Capital LP Acquires New Shares in Perdoceo Education Co. (NASDAQ:PRDO)

Centiva Capital LP acquired a new stake in Perdoceo Education Co. (NASDAQ:PRDO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 12,760 shares of the company’s stock, valued at approximately $338,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Castlekeep Investment Advisors LLC acquired a new stake in shares of Perdoceo Education in the 4th quarter valued at $47,129,000. Balyasny Asset Management L.P. lifted its stake in shares of Perdoceo Education by 8.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 19,931 shares of the company’s stock valued at $528,000 after purchasing an additional 1,572 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of Perdoceo Education by 27.0% in the 4th quarter. Baird Financial Group Inc. now owns 12,896 shares of the company’s stock valued at $341,000 after purchasing an additional 2,743 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Perdoceo Education by 21.6% in the 4th quarter. Bank of America Corp DE now owns 140,685 shares of the company’s stock valued at $3,724,000 after purchasing an additional 24,991 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Perdoceo Education in the 4th quarter valued at $637,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 5th. Barrington Research boosted their target price on shares of Perdoceo Education from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd.

Perdoceo Education Stock Up 3.1%

Perdoceo Education stock opened at $31.06 on Monday. The firm has a market cap 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. 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 fifty-two week low of $20.23 and a fifty-two week high of $31.22. The firm has a fifty day moving average price of $25.88 and a two-hundred day moving average price of $26.35.

Perdoceo Education (NASDAQ:PRDO) last released its earnings results on Thursday, May 1st. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. The firm had revenue of $213.00 million during the quarter, compared to analyst estimates of $207.97 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The business’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. As a group, analysts forecast that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Dividend Announcement

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

Insider Activity

In other news, CEO Todd S. Nelson sold 38,984 shares of the company’s stock in a transaction dated 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 owns 644,047 shares of the company’s stock, valued at approximately $15,882,199.02. This represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michele A. Peppers sold 13,091 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $30.00, for a total transaction of $392,730.00. Following the transaction, the insider now directly owns 49,914 shares of the company’s stock, valued at $1,497,420. This represents a 20.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 123,782 shares of company stock valued at $3,167,399. Insiders own 2.11% of the company’s stock.

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.