Susquehanna International Group LLP Boosts Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Susquehanna International Group LLP lifted its holdings in Perdoceo Education Co. (NASDAQ:PRDO) by 14.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 60,217 shares of the company’s stock after purchasing an additional 7,721 shares during the period. Susquehanna International Group LLP’s holdings in Perdoceo Education were worth $1,594,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PRDO. Boston Partners raised its stake in Perdoceo Education by 41.1% in the fourth quarter. Boston Partners now owns 1,209,899 shares of the company’s stock worth $32,379,000 after buying an additional 352,470 shares in the last quarter. Wellington Management Group LLP boosted its position in Perdoceo Education by 63.0% during the fourth quarter. Wellington Management Group LLP now owns 686,873 shares of the company’s stock valued at $18,182,000 after purchasing an additional 265,401 shares in the last quarter. First Trust Advisors LP grew its stake in Perdoceo Education by 7.9% in the fourth quarter. First Trust Advisors LP now owns 3,296,208 shares of the company’s stock valued at $87,251,000 after purchasing an additional 241,147 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Perdoceo Education by 27.5% in the fourth quarter. JPMorgan Chase & Co. now owns 742,342 shares of the company’s stock worth $19,650,000 after purchasing an additional 160,162 shares in the last quarter. Finally, Kennondale Capital Management LLC bought a new stake in shares of Perdoceo Education in the 4th quarter valued at about $2,558,000. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Perdoceo Education Price Performance

Shares of NASDAQ PRDO opened at $31.06 on Monday. Perdoceo Education Co. has a fifty-two week low of $20.23 and a fifty-two week high of $31.22. The company has a market cap of $2.04 billion, a PE 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 quick ratio of 5.45 and a current ratio of 4.84. The business has a 50-day simple moving average of $25.88 and a two-hundred day simple moving average of $26.35.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.70 EPS for the quarter, beating the consensus estimate 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%. Perdoceo Education’s revenue was up 26.6% on a year-over-year basis. During the same period last year, the firm posted $0.60 EPS. As a group, equities analysts expect that Perdoceo Education Co. will post 2.41 EPS for the current fiscal 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 issued 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 (DPR) is presently 23.01%.

Insider Activity at Perdoceo Education

In related news, insider Michele A. Peppers sold 13,091 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $30.00, for a total value of $392,730.00. Following the transaction, the insider now owns 49,914 shares in the company, valued at approximately $1,497,420. This represents a 20.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ashish R. Ghia sold 6,236 shares of Perdoceo Education stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $25.00, for a total transaction of $155,900.00. Following the sale, the chief financial officer now owns 252,130 shares of the company’s stock, valued at approximately $6,303,250. The trade was a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 123,782 shares of company stock valued at $3,167,399 in the last ninety days. Company 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.