18,948 Shares in Perdoceo Education Corporation $PRDO Acquired by Virtus Advisers LLC

Key Points

• Virtus Advisers LLC has purchased 18,948 shares of Perdoceo Education Corporation, valued at approximately $477,000, indicating institutional interest in the company.
• Perdoceo Education reported $0.67 earnings per share for the quarter, exceeding analyst expectations, and has set guidance for Q3 2025 at 0.600-0.620 EPS.
• The company has announced an increase in its quarterly dividend to $0.15 per share, reflecting a positive change from the previous $0.13 and an annualized dividend yield of 1.8%.

Virtus Advisers LLC bought a new position in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 18,948 shares of the company's stock, valued at approximately $477,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN raised its position in shares of Perdoceo Education by 26.7% during the 4th quarter. Wells Fargo & Company MN now owns 39,977 shares of the company's stock valued at $1,058,000 after acquiring an additional 8,432 shares in the last quarter. Barclays PLC raised its position in shares of Perdoceo Education by 3.6% during the 4th quarter. Barclays PLC now owns 114,578 shares of the company's stock valued at $3,033,000 after acquiring an additional 3,956 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Perdoceo Education by 236.3% during the 4th quarter. NewEdge Advisors LLC now owns 12,601 shares of the company's stock valued at $334,000 after acquiring an additional 8,854 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Perdoceo Education during the 4th quarter valued at approximately $1,937,000. Finally, MetLife Investment Management LLC raised its position in shares of Perdoceo Education by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 40,006 shares of the company's stock valued at $1,059,000 after acquiring an additional 2,214 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on PRDO shares. Wall Street Zen downgraded Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th. Barrington Research restated an "outperform" rating and issued a $40.00 target price on shares of Perdoceo Education in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $40.00.

Insider Activity

In other Perdoceo Education news, SVP David C. Czeszewski sold 30,892 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $31.66, for a total value of $978,040.72. Following the transaction, the senior vice president owned 92,129 shares of the company's stock, valued at approximately $2,916,804.14. This represents a 25.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Gregory L. Jackson sold 4,568 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $32.50, for a total value of $148,460.00. Following the completion of the transaction, the chairman directly owned 60,962 shares in the company, valued at $1,981,265. This represents a 6.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 212,584 shares of company stock valued at $6,760,254 over the last 90 days. Corporate insiders own 2.11% of the company's stock.

Perdoceo Education Price Performance

Shares of NASDAQ PRDO remained flat at $32.85 during midday trading on Thursday. The stock had a trading volume of 458,010 shares, compared to its average volume of 808,806. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27. The business's fifty day moving average is $30.88 and its 200 day moving average is $28.93. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 0.87 and a beta of 0.87. Perdoceo Education Corporation has a fifty-two week low of $20.55 and a fifty-two week high of $34.60.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $209.58 million during the quarter, compared to the consensus estimate of $206.92 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The business's revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. On average, analysts expect that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.8%. Perdoceo Education's dividend payout ratio is presently 22.51%.

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.