New York State Teachers Retirement System Sells 4,152 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

New York State Teachers Retirement System lowered its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 2.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 141,603 shares of the company’s stock after selling 4,152 shares during the period. New York State Teachers Retirement System’s holdings in Perdoceo Education were worth $2,487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PRDO. Pacer Advisors Inc. lifted its stake in Perdoceo Education by 32.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,602,905 shares of the company’s stock valued at $28,147,000 after acquiring an additional 395,481 shares during the period. Invesco Ltd. increased its position in shares of Perdoceo Education by 59.0% during the 3rd quarter. Invesco Ltd. now owns 1,028,253 shares of the company’s stock valued at $17,583,000 after purchasing an additional 381,665 shares during the last quarter. Millennium Management LLC increased its position in shares of Perdoceo Education by 229.4% during the 2nd quarter. Millennium Management LLC now owns 514,584 shares of the company’s stock valued at $6,062,000 after purchasing an additional 358,361 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Perdoceo Education by 8.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,508,521 shares of the company’s stock valued at $40,279,000 after purchasing an additional 283,804 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Perdoceo Education by 34.1% during the 3rd quarter. Morgan Stanley now owns 1,110,910 shares of the company’s stock valued at $18,997,000 after purchasing an additional 282,558 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Perdoceo Education Trading Down 1.5 %

Perdoceo Education stock opened at $16.85 on Tuesday. The firm has a 50 day moving average of $17.56 and a 200 day moving average of $17.62. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 7.73, a P/E/G ratio of 0.54 and a beta of 0.96. Perdoceo Education Co. has a 12-month low of $11.50 and a 12-month high of $19.62.

Perdoceo Education (NASDAQ:PRDO) last released its earnings results on Wednesday, February 21st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $147.30 million during the quarter, compared to analyst estimates of $146.20 million. Perdoceo Education had a net margin of 20.80% and a return on equity of 17.63%. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. On average, analysts predict that Perdoceo Education Co. will post 2.12 EPS for the current year.

Perdoceo Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.61%. The ex-dividend date was Thursday, February 29th. Perdoceo Education’s dividend payout ratio is 20.18%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 19th. Barrington Research reaffirmed an “outperform” rating and set a $23.00 price target on shares of Perdoceo Education in a research report on Monday.

Insiders Place Their Bets

In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $17.70, for a total value of $283,200.00. Following the completion of the transaction, the chief executive officer now directly owns 617,367 shares in the company, valued at approximately $10,927,395.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $17.70, for a total value of $283,200.00. Following the completion of the transaction, the chief executive officer now directly owns 617,367 shares in the company, valued at approximately $10,927,395.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Todd S. Nelson sold 9,500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $18.50, for a total value of $175,750.00. Following the completion of the transaction, the chief executive officer now owns 685,098 shares of the company’s stock, valued at $12,674,313. The disclosure for this sale can be found here. Insiders sold 121,500 shares of company stock worth $2,189,350 in the last three months. 2.73% of the stock is owned by company insiders.

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.