AQR Capital Management LLC decreased its holdings in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 48.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 238,803 shares of the company's stock after selling 221,059 shares during the quarter. AQR Capital Management LLC owned 0.36% of Perdoceo Education worth $5,115,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Louisiana State Employees Retirement System raised its holdings in shares of Perdoceo Education by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 33,000 shares of the company's stock valued at $707,000 after purchasing an additional 500 shares during the last quarter. Banque Cantonale Vaudoise lifted its holdings in shares of Perdoceo Education by 9.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company's stock valued at $110,000 after buying an additional 565 shares during the period. Illinois Municipal Retirement Fund boosted its stake in shares of Perdoceo Education by 1.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 37,883 shares of the company's stock worth $665,000 after buying an additional 617 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of Perdoceo Education by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 57,489 shares of the company's stock worth $1,010,000 after acquiring an additional 743 shares during the period. Finally, ProShare Advisors LLC increased its position in Perdoceo Education by 7.4% during the first quarter. ProShare Advisors LLC now owns 13,180 shares of the company's stock valued at $231,000 after acquiring an additional 906 shares during the last quarter. Institutional investors own 93.46% of the company's stock.
PRDO opened at $21.58 on Friday. The firm's 50 day simple moving average is $22.42 and its two-hundred day simple moving average is $21.38. The company has a market capitalization of $1.42 billion, a PE ratio of 9.51, a PEG ratio of 0.67 and a beta of 1.04. Perdoceo Education Co. has a 1-year low of $16.12 and a 1-year high of $26.40.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.02. Perdoceo Education had a return on equity of 16.42% and a net margin of 20.57%. The company had revenue of $166.74 million for the quarter, compared to analysts' expectations of $160.91 million. During the same period last year, the firm earned $0.61 EPS. Perdoceo Education's revenue for the quarter was down 10.6% compared to the same quarter last year. Equities analysts forecast that Perdoceo Education Co. will post 2.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Sunday, September 1st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.41%. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, August 30th. Perdoceo Education's dividend payout ratio is currently 22.91%.
In other news, insider Michele A. Peppers sold 6,476 shares of the stock in a transaction on Tuesday, September 10th. The shares were 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 directly owns 61,952 shares of the company's stock, valued at $1,300,992. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director William Dean Hansen sold 13,185 shares of Perdoceo Education stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $23.01, for a total transaction of $303,386.85. Following the sale, the director now owns 39,016 shares of the company's stock, valued at approximately $897,758.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michele A. Peppers sold 6,476 shares of the company'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 value of $135,996.00. Following the completion of the transaction, the insider now owns 61,952 shares of the company's stock, valued at $1,300,992. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,325 shares of company stock worth $1,044,656. Company insiders own 1.81% of the company's stock.
Separately, Barrington Research reissued an "outperform" rating and issued a $30.00 target price on shares of Perdoceo Education in a research report on Friday, September 20th.
Get Our Latest Stock Report on 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.
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