Intech Investment Management LLC Makes New Investment in Perdoceo Education Co. (NASDAQ:PRDO)

Intech Investment Management LLC purchased a new stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 17,718 shares of the company’s stock, valued at approximately $380,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Perdoceo Education by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,896,257 shares of the company’s stock worth $103,538,000 after buying an additional 45,259 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in Perdoceo Education in the second quarter valued at approximately $2,570,000. LSV Asset Management lifted its position in Perdoceo Education by 59.4% during the first quarter. LSV Asset Management now owns 1,934,961 shares of the company’s stock valued at $33,978,000 after purchasing an additional 721,122 shares during the last quarter. SG Americas Securities LLC purchased a new position in Perdoceo Education in the 2nd quarter worth approximately $954,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Perdoceo Education in the 4th quarter worth $922,000. Institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Gregory L. Jackson sold 26,664 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $22.70, for a total transaction of $605,272.80. Following the completion of the sale, the chairman now directly owns 58,644 shares in the company, valued at $1,331,218.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Michele A. Peppers sold 6,476 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total transaction of $135,996.00. Following the transaction, the insider now directly owns 61,952 shares of the company’s stock, valued at $1,300,992. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Gregory L. Jackson sold 26,664 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $22.70, for a total value of $605,272.80. Following the completion of the sale, the chairman now directly owns 58,644 shares of the company’s stock, valued at approximately $1,331,218.80. The disclosure for this sale can be found here. Insiders have sold a total of 46,325 shares of company stock valued at $1,044,656 in the last quarter. Insiders own 1.81% of the company’s stock.

Perdoceo Education Trading Up 1.5 %

Shares of Perdoceo Education stock opened at $22.17 on Friday. The business’s 50-day moving average price is $22.69 and its 200-day moving average price is $21.25. The firm has a market capitalization of $1.46 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 0.67 and a beta of 1.03. Perdoceo Education Co. has a 12 month low of $16.12 and a 12 month high of $26.40.

Perdoceo Education (NASDAQ:PRDO) last released its earnings results on Wednesday, July 31st. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $166.74 million during the quarter, compared to analyst estimates of $160.91 million. Perdoceo Education had a return on equity of 16.42% and a net margin of 20.57%. Perdoceo Education’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 EPS. As a group, analysts predict that Perdoceo Education Co. will post 2.19 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Sunday, September 1st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.52 annualized dividend and a yield of 2.35%. This is a boost from Perdoceo Education’s previous quarterly dividend of $0.11. Perdoceo Education’s dividend payout ratio is presently 22.91%.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Perdoceo Education in a report on Friday, September 20th.

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.