Nisa Investment Advisors LLC Sells 846 Shares of Perdoceo Education Corporation (NASDAQ:PRDO)

Nisa Investment Advisors LLC lowered its position in shares of Perdoceo Education Corporation (NASDAQ:PRDO) by 35.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,563 shares of the company’s stock after selling 846 shares during the period. Nisa Investment Advisors LLC’s holdings in Perdoceo Education were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP boosted its holdings in Perdoceo Education by 223.6% in the fourth quarter. Quarry LP now owns 1,793 shares of the company’s stock worth $47,000 after purchasing an additional 1,239 shares during the last quarter. New Vernon Capital Holdings II LLC purchased a new position in shares of Perdoceo Education during the 4th quarter worth $127,000. Quantbot Technologies LP purchased a new position in shares of Perdoceo Education during the 4th quarter worth $172,000. Point72 Asset Management L.P. boosted its stake in shares of Perdoceo Education by 31.7% during the 4th quarter. Point72 Asset Management L.P. now owns 7,900 shares of the company’s stock worth $209,000 after acquiring an additional 1,900 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Perdoceo Education during the 4th quarter worth $215,000. Institutional investors own 93.46% of the company’s stock.

Perdoceo Education Price Performance

Perdoceo Education stock opened at $29.65 on Friday. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.46 and a quick ratio of 4.43. Perdoceo Education Corporation has a 1 year low of $20.55 and a 1 year high of $34.60. The firm has a 50-day moving average of $31.67 and a two-hundred day moving average of $28.33.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.04. The firm had revenue of $213.00 million during the quarter, compared to analysts’ expectations of $207.97 million. Perdoceo Education had a net margin of 20.91% and a return on equity of 17.10%. The company’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 EPS. On average, research analysts forecast that Perdoceo Education Corporation will post 2.41 earnings per share for the current year.

Perdoceo Education Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Sunday, June 1st were paid a dividend of $0.13 per share. The ex-dividend date was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.75%. Perdoceo Education’s payout ratio is 23.01%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PRDO shares. Barrington Research raised their price objective on shares of Perdoceo Education from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, June 6th. Wall Street Zen downgraded shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 5th.

Insiders Place Their Bets

In related news, SVP Julia A. Leeman sold 5,000 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $32.07, for a total transaction of $160,350.00. Following the sale, the senior vice president directly owned 29,677 shares of the company’s stock, valued at approximately $951,741.39. This represents a 14.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William Dean Hansen sold 5,994 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $31.56, for a total transaction of $189,170.64. Following the sale, the director directly owned 44,171 shares in the company, valued at $1,394,036.76. This trade represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 144,565 shares of company stock worth $4,550,566. Company insiders own 2.11% of the company’s stock.

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.