Tudor Investment Corp ET AL lessened its holdings in shares of Perdoceo Education Corporation (NASDAQ:PRDO – Free Report) by 11.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 349,767 shares of the company’s stock after selling 43,407 shares during the period. Tudor Investment Corp ET AL’s holdings in Perdoceo Education were worth $13,172,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC purchased a new stake in shares of Perdoceo Education in the third quarter worth approximately $25,000. First Horizon Corp purchased a new position in Perdoceo Education during the third quarter valued at approximately $29,000. Blue Trust Inc. increased its stake in Perdoceo Education by 81.5% in the 3rd quarter. Blue Trust Inc. now owns 833 shares of the company’s stock valued at $31,000 after buying an additional 374 shares during the period. Richardson Financial Services Inc. increased its stake in Perdoceo Education by 166.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 836 shares of the company’s stock valued at $31,000 after buying an additional 522 shares during the period. Finally, Global Retirement Partners LLC lifted its position in Perdoceo Education by 49.9% in the 3rd quarter. Global Retirement Partners LLC now owns 1,154 shares of the company’s stock worth $43,000 after buying an additional 384 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
Perdoceo Education Trading Up 0.3%
Shares of NASDAQ PRDO opened at $34.56 on Friday. The business has a 50 day simple moving average of $32.64 and a 200 day simple moving average of $32.37. Perdoceo Education Corporation has a 52 week low of $24.05 and a 52 week high of $38.02. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 0.76 and a beta of 0.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.03 and a current ratio of 5.06.
Perdoceo Education Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, March 2nd. Perdoceo Education’s payout ratio is presently 24.90%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on PRDO shares. Weiss Ratings reissued a “buy (b)” rating on shares of Perdoceo Education in a research note on Thursday, January 22nd. Zacks Research raised shares of Perdoceo Education from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Finally, Barrington Research reiterated an “outperform” rating and set a $42.00 price objective on shares of Perdoceo Education in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $42.00.
View Our Latest Analysis on PRDO
Insider Activity at Perdoceo Education
In related news, CEO Todd S. Nelson sold 11,346 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $35.00, for a total value of $397,110.00. Following the completion of the sale, the chief executive officer directly owned 432,368 shares in the company, valued at approximately $15,132,880. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ashish R. Ghia sold 33,271 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $35.08, for a total transaction of $1,167,146.68. Following the transaction, the chief financial officer directly owned 155,691 shares in the company, valued at $5,461,640.28. The trade was a 17.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 120,842 shares of company stock valued at $4,147,199. Insiders own 2.11% of the company’s stock.
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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