DekaBank Deutsche Girozentrale Invests $2.52 Million in Perdoceo Education Co. (NASDAQ:PRDO)

DekaBank Deutsche Girozentrale purchased a new position in shares of Perdoceo Education Co. (NASDAQ:PRDO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 120,539 shares of the company’s stock, valued at approximately $2,519,000. DekaBank Deutsche Girozentrale owned 0.18% of Perdoceo Education as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PRDO. Quest Partners LLC acquired a new stake in shares of Perdoceo Education during the 2nd quarter valued at $39,000. Fifth Third Bancorp raised its holdings in shares of Perdoceo Education by 650.6% during the second quarter. Fifth Third Bancorp now owns 1,884 shares of the company’s stock worth $40,000 after acquiring an additional 1,633 shares in the last quarter. Innealta Capital LLC acquired a new stake in Perdoceo Education during the second quarter valued at $74,000. nVerses Capital LLC acquired a new position in Perdoceo Education in the 2nd quarter worth about $92,000. Finally, Banque Cantonale Vaudoise raised its stake in shares of Perdoceo Education by 9.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company’s stock worth $110,000 after purchasing an additional 565 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and issued a $30.00 price target on shares of Perdoceo Education in a research note on Wednesday, August 21st.

Perdoceo Education Trading Down 0.0 %

Perdoceo Education stock opened at $21.91 on Thursday. Perdoceo Education Co. has a 1-year low of $16.12 and a 1-year high of $26.40. The firm’s fifty day simple moving average is $22.77 and its 200-day simple moving average is $21.05. The company has a market capitalization of $1.44 billion, a P/E ratio of 9.65, a P/E/G ratio of 0.65 and a beta of 1.03.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $166.74 million during the quarter, compared to analysts’ expectations of $160.91 million. Perdoceo Education had a return on equity of 16.42% and a net margin of 20.57%. The business’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share. On average, equities research analysts predict that Perdoceo Education Co. will post 2.19 earnings per share for the current year.

Perdoceo Education Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Sunday, September 1st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.37%. The ex-dividend date was Friday, August 30th. This is an increase from Perdoceo Education’s previous quarterly dividend of $0.11. Perdoceo Education’s dividend payout ratio (DPR) is 22.91%.

Insider Activity

In related news, insider Michele A. Peppers sold 6,476 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total value of $135,996.00. Following the transaction, the insider now directly owns 61,952 shares in the company, valued at approximately $1,300,992. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Gregory L. Jackson sold 26,664 shares of Perdoceo Education stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $22.70, for a total transaction of $605,272.80. Following the sale, the chairman now directly owns 58,644 shares of the company’s stock, valued at $1,331,218.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michele A. Peppers sold 6,476 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total value of $135,996.00. Following the completion of the transaction, the insider now directly owns 61,952 shares of the company’s stock, valued at approximately $1,300,992. The disclosure for this sale can be found here. Insiders have sold a total of 46,325 shares of company stock valued at $1,044,656 over the last 90 days. 1.81% of the stock is currently owned by company insiders.

Perdoceo Education Company 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.