Petrus Trust Company LTA Makes New $684,000 Investment in Perdoceo Education Corporation $PRDO

Key Points

• Petrus Trust Company LTA acquired 27,151 shares of Perdoceo Education Corporation valued at approximately $684,000, highlighting growing institutional interest in the company.
• Perdoceo Education announced an increase in its quarterly dividend from $0.13 to $0.15 per share, representing a 1.8% dividend yield.
• Analysts maintain a Buy rating for Perdoceo Education with a target price set at $40.00, reflecting positive sentiment despite recent insider selling activities.

Petrus Trust Company LTA bought a new stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 27,151 shares of the company's stock, valued at approximately $684,000.

A number of other large investors have also added to or reduced their stakes in the stock. New Vernon Capital Holdings II LLC boosted its stake in Perdoceo Education by 4,653.6% in the first quarter. New Vernon Capital Holdings II LLC now owns 228,030 shares of the company's stock valued at $5,742,000 after acquiring an additional 223,233 shares during the last quarter. Millennium Management LLC lifted its stake in Perdoceo Education by 48.9% in the first quarter. Millennium Management LLC now owns 1,297,465 shares of the company's stock valued at $32,670,000 after purchasing an additional 425,893 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Perdoceo Education by 2.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,278 shares of the company's stock valued at $1,417,000 after purchasing an additional 1,235 shares during the period. Royal Bank of Canada grew its holdings in Perdoceo Education by 19.2% during the first quarter. Royal Bank of Canada now owns 10,663 shares of the company's stock valued at $269,000 after purchasing an additional 1,717 shares during the period. Finally, Cubist Systematic Strategies LLC increased its position in Perdoceo Education by 62.7% in the first quarter. Cubist Systematic Strategies LLC now owns 319,094 shares of the company's stock worth $8,035,000 after buying an additional 123,019 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an "outperform" rating and issued a $40.00 price objective on shares of Perdoceo Education in a report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Perdoceo Education has an average rating of "Buy" and an average target price of $40.00.

Perdoceo Education Stock Performance

Shares of Perdoceo Education stock traded up $1.45 during trading hours on Thursday, reaching $34.77. The company had a trading volume of 487,984 shares, compared to its average volume of 604,779. The firm has a market cap of $2.26 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91. Perdoceo Education Corporation has a one year low of $20.55 and a one year high of $34.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.27 and a quick ratio of 4.26. The business has a fifty day simple moving average of $30.99 and a 200 day simple moving average of $29.28.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.02. The company had revenue of $209.58 million for the quarter, compared to analyst estimates of $206.92 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The firm's revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. 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 anticipate that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Perdoceo Education's previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, September 2nd. Perdoceo Education's dividend payout ratio (DPR) is 25.97%.

Insider Activity

In other news, Chairman Gregory L. Jackson sold 16,561 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $33.51, for a total value of $554,959.11. Following the transaction, the chairman owned 60,962 shares of the company's stock, valued at approximately $2,042,836.62. This represents a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Greg E. Jansen sold 30,234 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $33.00, for a total value of $997,722.00. Following the completion of the sale, the senior vice president owned 96,279 shares in the company, valued at $3,177,207. This trade represents a 23.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,336 shares of company stock worth $4,308,769 in the last three months. Insiders own 2.11% of the company's stock.

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.