New York State Common Retirement Fund Increases Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

New York State Common Retirement Fund boosted its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 20.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,669 shares of the company’s stock after acquiring an additional 23,609 shares during the quarter. New York State Common Retirement Fund owned 0.21% of Perdoceo Education worth $2,453,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. purchased a new position in Perdoceo Education during the 4th quarter valued at about $26,000. Planned Solutions Inc. acquired a new stake in Perdoceo Education in the 4th quarter valued at about $26,000. Commons Capital LLC acquired a new stake in Perdoceo Education in the 4th quarter valued at about $193,000. Fox Run Management L.L.C. acquired a new stake in Perdoceo Education in the 3rd quarter valued at about $208,000. Finally, Diversified Trust Co acquired a new stake in Perdoceo Education in the 4th quarter valued at about $231,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $17.23, for a total transaction of $275,680.00. Following the transaction, the chief executive officer now owns 713,367 shares of the company’s stock, valued at $12,291,313.41. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $17.23, for a total transaction of $275,680.00. Following the transaction, the chief executive officer now owns 713,367 shares of the company’s stock, valued at $12,291,313.41. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Ashish R. Ghia sold 11,412 shares of Perdoceo Education stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $19.00, for a total value of $216,828.00. Following the transaction, the chief financial officer now directly owns 226,234 shares in the company, valued at approximately $4,298,446. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,412 shares of company stock valued at $1,342,428. Corporate insiders own 1.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. StockNews.com lowered Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th. Barrington Research increased their price target on Perdoceo Education from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd.

Perdoceo Education Stock Performance

Shares of NASDAQ PRDO opened at $23.92 on Wednesday. Perdoceo Education Co. has a fifty-two week low of $11.62 and a fifty-two week high of $24.66. The firm has a market capitalization of $1.57 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.73 and a beta of 0.93. The stock’s 50-day simple moving average is $18.17 and its 200-day simple moving average is $17.83.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Wednesday, May 1st. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.07. Perdoceo Education had a return on equity of 17.09% and a net margin of 22.35%. The business had revenue of $168.30 million for the quarter, compared to analyst estimates of $163.30 million. During the same quarter last year, the company earned $0.58 EPS. The business’s quarterly revenue was down 14.0% on a year-over-year basis. On average, sell-side analysts forecast that Perdoceo Education Co. will post 2.21 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, May 31st. Perdoceo Education’s dividend payout ratio (DPR) is presently 19.38%.

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.