Louisiana State Employees Retirement System Buys New Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Louisiana State Employees Retirement System bought a new stake in Perdoceo Education Co. (NASDAQ:PRDO) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 32,900 shares of the company’s stock, valued at approximately $578,000.

Other hedge funds have also added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new position in Perdoceo Education during the 4th quarter valued at about $26,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Perdoceo Education in the 4th quarter worth approximately $26,000. Bfsg LLC purchased a new position in shares of Perdoceo Education in the 3rd quarter worth approximately $193,000. Commons Capital LLC purchased a new position in shares of Perdoceo Education in the 4th quarter worth approximately $193,000. Finally, Fox Run Management L.L.C. purchased a new position in Perdoceo Education in the third quarter valued at approximately $208,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Perdoceo Education

In other news, CEO Todd S. Nelson sold 16,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $17.70, for a total value of $283,200.00. Following the transaction, the chief executive officer now owns 617,367 shares of the company’s stock, valued at $10,927,395.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Todd S. Nelson sold 9,500 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were 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 directly owns 685,098 shares in the company, valued at $12,674,313. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd S. Nelson sold 16,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $17.70, for a total transaction of $283,200.00. Following the completion of the transaction, the chief executive officer now owns 617,367 shares of the company’s stock, valued at $10,927,395.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,500 shares of company stock valued at $1,301,350. 1.81% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Barrington Research reiterated an “outperform” rating and issued a $23.00 price objective on shares of Perdoceo Education in a research note on Monday, April 15th. StockNews.com downgraded Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

Perdoceo Education Price Performance

Shares of PRDO stock opened at $18.86 on Monday. The company’s fifty day simple moving average is $17.55 and its two-hundred day simple moving average is $17.64. Perdoceo Education Co. has a 1 year low of $11.50 and a 1 year high of $19.62. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 0.59 and a beta of 0.96.

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

Perdoceo Education Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.11 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.44 annualized dividend and a dividend yield of 2.33%. Perdoceo Education’s payout ratio is currently 20.18%.

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.