634,424 Shares in Perdoceo Education Corporation $PRDO Bought by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 634,424 Perdoceo Education shares worth approximately $20.3 million, giving it a 1.01% stake. Institutional investors collectively own 93.46% of PRDO.
• Perdoceo reported quarterly earnings of $0.80 per share on $213.35 million in revenue, meeting EPS expectations and exceeding revenue estimates; revenue increased 1.8% year over year.
• The company increased its quarterly dividend from $0.15 to $0.17 per share, representing a $0.68 annualized payout and a 2.0% yield. Analysts maintain a “Moderate Buy” consensus with a $44 price target, although insiders recently sold shares.

Bank of New York Mellon Corp acquired a new position in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 634,424 shares of the company's stock, valued at approximately $20,302,000. Bank of New York Mellon Corp owned about 1.01% of Perdoceo Education at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PRDO. State of Wyoming acquired a new position in shares of Perdoceo Education during the second quarter valued at about $375,000. Bellars Harris Wealth Management LLC purchased a new stake in shares of Perdoceo Education in the second quarter worth approximately $6,816,000. Summit Global Investments purchased a new stake in shares of Perdoceo Education in the second quarter worth approximately $842,000. Wedge Capital Management L L P NC lifted its holdings in shares of Perdoceo Education by 11.7% in the second quarter. Wedge Capital Management L L P NC now owns 53,037 shares of the company's stock valued at $1,697,000 after purchasing an additional 5,538 shares in the last quarter. Finally, Baron Wealth Management LLC lifted its holdings in shares of Perdoceo Education by 9.5% in the second quarter. Baron Wealth Management LLC now owns 7,356 shares of the company's stock valued at $235,000 after purchasing an additional 636 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PRDO shares. Barrington Research set a $44.00 price target on Perdoceo Education in a report on Friday, May 8th. Weiss Ratings restated a "buy (b)" rating on shares of Perdoceo Education in a research note on Friday, July 17th. Finally, Wall Street Zen lowered shares of Perdoceo Education from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Perdoceo Education presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.00.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, Director Kenda B. Gonzales sold 9,308 shares of the firm's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $34.79, for a total value of $323,825.32. Following the completion of the transaction, the director directly owned 48,158 shares of the company's stock, valued at $1,675,416.82. This trade represents a 16.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Gregory L. Jackson sold 11,271 shares of the firm's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $31.78, for a total transaction of $358,192.38. Following the completion of the transaction, the chairman directly owned 64,949 shares of the company's stock, valued at approximately $2,064,079.22. The trade was a 14.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.46% of the stock is currently owned by insiders.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO opened at $33.57 on Monday. The firm has a market capitalization of $2.10 billion, a PE ratio of 12.25, a P/E/G ratio of 0.72 and a beta of 0.71. The company has a 50-day moving average price of $32.89 and a two-hundred day moving average price of $33.82. Perdoceo Education Corporation has a twelve month low of $26.66 and a twelve month high of $38.50.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $213.35 million during the quarter, compared to the consensus estimate of $212.50 million. Perdoceo Education had a return on equity of 18.93% and a net margin of 20.62%.The firm's revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. Perdoceo Education has set its Q3 2026 guidance at 0.730-0.740 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Analysts anticipate that Perdoceo Education Corporation will post 3.13 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 Thursday, September 10th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.17 per share. This is an increase from Perdoceo Education's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 1st. Perdoceo Education's dividend payout ratio is presently 21.90%.

Perdoceo Education Company Profile

Perdoceo Education Corporation NASDAQ: PRDO is a for-profit postsecondary education provider offering certificate, associate, bachelor's and master's degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.

With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.

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