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

Louisiana State Employees Retirement System acquired a new position in shares of Perdoceo Education Co. (NASDAQ:PRDO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 32,900 shares of the company’s stock, valued at approximately $578,000. Louisiana State Employees Retirement System owned approximately 0.05% of Perdoceo Education at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake in Perdoceo Education by 32.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,602,905 shares of the company’s stock valued at $28,147,000 after buying an additional 395,481 shares in the last quarter. Invesco Ltd. boosted its stake in Perdoceo Education by 59.0% in the 3rd quarter. Invesco Ltd. now owns 1,028,253 shares of the company’s stock valued at $17,583,000 after buying an additional 381,665 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Perdoceo Education by 39.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 846,629 shares of the company’s stock valued at $14,477,000 after buying an additional 240,526 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Perdoceo Education in the 3rd quarter valued at $2,518,000. Finally, American Century Companies Inc. boosted its stake in Perdoceo Education by 10.2% in the 3rd quarter. American Century Companies Inc. now owns 1,034,888 shares of the company’s stock valued at $17,697,000 after buying an additional 95,672 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

PRDO has been the topic of a number of recent analyst reports. StockNews.com lowered Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Barrington Research reissued an “outperform” rating and issued a $23.00 price objective on shares of Perdoceo Education in a research note on Monday, April 15th.

Perdoceo Education Stock Performance

Perdoceo Education stock opened at $18.86 on Monday. The firm has a market cap of $1.24 billion, a P/E ratio of 8.65, a P/E/G ratio of 0.59 and a beta of 0.96. The business’s fifty day moving average is $17.55 and its two-hundred day moving average is $17.64. Perdoceo Education Co. has a 52 week low of $11.50 and a 52 week 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 for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $147.30 million during the quarter, compared to the consensus estimate of $146.20 million. Perdoceo Education had a return on equity of 17.63% and a net margin of 20.80%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 earnings per share. On average, equities research analysts predict that Perdoceo Education Co. will post 2.12 earnings per share for the current year.

Perdoceo Education Dividend Announcement

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

Insider Transactions at Perdoceo Education

In other news, CEO Todd S. Nelson sold 16,000 shares of the business’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 sale, the chief executive officer now owns 617,367 shares in the company, valued at $10,927,395.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Todd S. Nelson sold 9,500 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 685,098 shares in the company, valued at $12,674,313. 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 16,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $17.70, for a total value of $283,200.00. Following the completion of the sale, the chief executive officer now owns 617,367 shares of the company’s stock, valued at approximately $10,927,395.90. The disclosure for this sale can be found here. Insiders sold a total of 73,500 shares of company stock worth $1,301,350 over the last 90 days. 1.81% of the stock is owned by insiders.

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.