ExodusPoint Capital Management LP Buys 13,052 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

ExodusPoint Capital Management LP grew its position in Perdoceo Education Co. (NASDAQ:PRDO) by 23.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,937 shares of the company’s stock after purchasing an additional 13,052 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.10% of Perdoceo Education worth $1,798,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Atria Investments Inc raised its holdings in Perdoceo Education by 3.6% in the 4th quarter. Atria Investments Inc now owns 10,886 shares of the company’s stock worth $288,000 after acquiring an additional 375 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Perdoceo Education by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock worth $34,000 after purchasing an additional 913 shares during the period. Swiss National Bank increased its stake in shares of Perdoceo Education by 0.8% in the fourth quarter. Swiss National Bank now owns 122,700 shares of the company’s stock worth $3,248,000 after purchasing an additional 1,000 shares during the period. KBC Group NV lifted its position in shares of Perdoceo Education by 47.5% during the 4th quarter. KBC Group NV now owns 3,696 shares of the company’s stock worth $98,000 after purchasing an additional 1,190 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Perdoceo Education by 53.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company’s stock valued at $103,000 after purchasing an additional 1,355 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Perdoceo Education news, SVP Elise Baskel sold 17,818 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $24.16, for a total transaction of $430,482.88. Following the completion of the transaction, the senior vice president now directly owns 93,354 shares in the company, valued at $2,255,432.64. This represents a 16.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ashish R. Ghia sold 35,677 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $25.83, for a total transaction of $921,536.91. Following the completion of the sale, the chief financial officer now directly owns 204,477 shares in the company, valued at approximately $5,281,640.91. The trade was a 14.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,691 shares of company stock worth $2,774,669 over the last quarter. Company insiders own 1.81% of the company’s stock.

Perdoceo Education Trading Down 1.3 %

Shares of PRDO opened at $24.98 on Wednesday. The stock’s 50-day moving average price is $26.28 and its 200 day moving average price is $25.47. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. Perdoceo Education Co. has a 12-month low of $16.56 and a 12-month high of $29.84. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of 0.75 and a beta of 0.87.

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

Perdoceo Education Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Friday, February 28th. Perdoceo Education’s dividend payout ratio (DPR) is presently 23.64%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Barrington Research increased their price target 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.

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.