Quantbot Technologies LP Makes New $172,000 Investment in Perdoceo Education Co. (NASDAQ:PRDO)

Quantbot Technologies LP bought a new position in shares of Perdoceo Education Co. (NASDAQ:PRDO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,511 shares of the company’s stock, valued at approximately $172,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PRDO. Geode Capital Management LLC grew its position in Perdoceo Education by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,803,391 shares of the company’s stock worth $40,114,000 after buying an additional 33,092 shares in the last quarter. Boston Partners grew its holdings in shares of Perdoceo Education by 41.1% during the 4th quarter. Boston Partners now owns 1,209,899 shares of the company’s stock worth $32,379,000 after purchasing an additional 352,470 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Perdoceo Education by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 950,573 shares of the company’s stock worth $25,162,000 after purchasing an additional 5,748 shares during the period. JPMorgan Chase & Co. raised its stake in Perdoceo Education by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 582,180 shares of the company’s stock valued at $12,948,000 after purchasing an additional 16,720 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in Perdoceo Education during the third quarter worth about $9,374,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PRDO has been the topic of several recent analyst reports. Barrington Research raised their target price on shares of Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

Perdoceo Education Stock Performance

NASDAQ:PRDO opened at $25.43 on Monday. Perdoceo Education Co. has a twelve month low of $16.56 and a twelve month high of $29.84. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $26.68 and its 200 day simple moving average is $25.30. The firm has a market capitalization of $1.68 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $176.43 million for the quarter, compared to the consensus estimate of $160.12 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. On average, analysts anticipate that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Friday, February 28th. Perdoceo Education’s payout ratio is 23.64%.

Insider Activity at Perdoceo Education

In related news, CFO Ashish R. Ghia sold 6,236 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $25.00, for a total value of $155,900.00. Following the completion of the transaction, the chief financial officer now owns 252,130 shares in the company, valued at $6,303,250. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Todd S. Nelson sold 38,984 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $24.66, for a total transaction of $961,345.44. Following the sale, the chief executive officer now directly owns 644,047 shares in the company, valued at $15,882,199.02. The trade was a 5.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,634 shares of company stock valued at $2,494,318 in the last 90 days. 1.81% of the stock is owned by corporate insiders.

Perdoceo Education 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.