State of Alaska Department of Revenue Has $783,000 Position in Perdoceo Education Co. (NASDAQ:PRDO)

State of Alaska Department of Revenue trimmed its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 8.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,228 shares of the company’s stock after selling 3,289 shares during the quarter. State of Alaska Department of Revenue’s holdings in Perdoceo Education were worth $783,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Quarry LP boosted its stake in shares of Perdoceo Education by 1,306.3% during the second quarter. Quarry LP now owns 1,350 shares of the company’s stock valued at $29,000 after purchasing an additional 1,254 shares in the last quarter. Blue Trust Inc. boosted its position in Perdoceo Education by 38.7% during the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock worth $38,000 after buying an additional 492 shares during the period. Quest Partners LLC bought a new stake in Perdoceo Education during the 2nd quarter worth approximately $39,000. Fifth Third Bancorp increased its position in Perdoceo Education by 650.6% in the 2nd quarter. Fifth Third Bancorp now owns 1,884 shares of the company’s stock valued at $40,000 after acquiring an additional 1,633 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of Perdoceo Education during the second quarter valued at $74,000. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In related news, insider Michele A. Peppers sold 6,476 shares of Perdoceo Education stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.81% of the company’s stock.

Perdoceo Education Price Performance

Perdoceo Education stock opened at $24.75 on Thursday. The firm has a market cap of $1.63 billion, a P/E ratio of 12.13, a P/E/G ratio of 0.67 and a beta of 1.04. The stock’s 50 day moving average is $21.73 and its 200 day moving average is $22.08. Perdoceo Education Co. has a one year low of $16.12 and a one year high of $26.40.

Analysts Set New Price Targets

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

Perdoceo Education Company 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.