American Public Education, Inc.
) recently announced a minority investment of $4 million in
Fidelis Education. Fidelis Education works toward career
transition from military-to-civilian. The recent investment is a
contribution to Fidelis Education for a software development,
which will help interaction among students, faculty and staff
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The software is expected to improve student satisfaction. The
software platform is also expected to help military service
members and working adults pursue online programs and make
successful career transitions.
The company has been investing in information technology
infrastructure to support a larger and more diverse student
population. In fact, these initiatives have contributed toward
top-line growth in the past few quarters.
Total company's top-line grew 11% year on year in the first
quarter of 2013, which was within the company's expected range of
approximately 9% to 13% growth. However, new student enrollments
declined 7% in the first quarter of 2013, in line with the high
end of management guided range of 5% to 7% decline.
Management believes that the prior-year quarters may have
included enrollment of students who abused student aid. The
company's fraud prevention initiatives have reduced enrollment of
students who abuse funds, which explains the decline in new
student starts for the quarter.
American Public carries a Zacks Rank #3 (Hold).
Stocks that are currently better positioned and therefore worth
WebMD Health Corp.
) carrying a Zacks Rank #1 (Strong Buy), and
Perion Network Ltd
) carrying a Zacks Rank #2 (Buy).