Public Sector Pension Investment Board Has $3.09 Million Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Public Sector Pension Investment Board grew its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 5.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,388 shares of the company’s stock after buying an additional 8,072 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.22% of Perdoceo Education worth $3,093,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PRDO. Pacer Advisors Inc. increased its stake in shares of Perdoceo Education by 24.3% in the second quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock valued at $56,766,000 after buying an additional 518,048 shares in the last quarter. Intech Investment Management LLC bought a new stake in Perdoceo Education during the 2nd quarter worth about $380,000. Renaissance Technologies LLC increased its position in Perdoceo Education by 2.5% in the 2nd quarter. Renaissance Technologies LLC now owns 4,505,687 shares of the company’s stock valued at $96,512,000 after acquiring an additional 107,918 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Perdoceo Education by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 5,069,173 shares of the company’s stock worth $108,580,000 after acquiring an additional 28,909 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Perdoceo Education during the second quarter valued at approximately $2,519,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, insider Michele A. Peppers sold 6,476 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total value of $135,996.00. Following the completion of the sale, the insider now owns 61,952 shares in the company, valued at $1,300,992. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Gregory L. Jackson sold 26,664 shares of the business’s stock in a transaction that occurred on 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 transaction, the chairman now owns 58,644 shares in the company, valued at $1,331,218.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michele A. Peppers sold 6,476 shares of the stock in a transaction 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 completion of the sale, the insider now owns 61,952 shares in the company, valued at $1,300,992. 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 90 days. 1.81% of the stock is owned by company insiders.

Perdoceo Education Stock Up 1.5 %

Perdoceo Education stock opened at $22.17 on Friday. The business’s 50-day simple moving average is $22.69 and its 200 day simple moving average is $21.27. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 9.77, a P/E/G 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 issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $166.74 million during the quarter, compared to analysts’ expectations of $160.91 million. Perdoceo Education had a net margin of 20.57% and a return on equity of 16.42%. Perdoceo Education’s revenue was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 EPS. As a group, sell-side analysts expect that Perdoceo Education Co. will post 2.19 EPS for the current year.

Perdoceo Education Increases Dividend

The firm also recently announced 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. This is a boost from Perdoceo Education’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, August 30th. This represents a $0.52 annualized dividend and a dividend yield of 2.35%. Perdoceo Education’s payout ratio is presently 22.91%.

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.