Acadian Asset Management LLC Invests $11.02 Million in Perdoceo Education Corporation $PRDO

Key Points

• Acadian Asset Management LLC invested approximately $11.02 million in Perdoceo Education Corporation by acquiring 438,127 shares, which represents 0.67% ownership in the company.
• Perdoceo Education's recent earnings report indicated an EPS of $0.67, surpassing estimates, with quarterly revenue up 25.7% year-over-year at $209.58 million.
• The company increased its quarterly dividend from $0.13 to $0.15, reflecting a 1.7% yield, alongside a payout ratio of 25.97%.

Acadian Asset Management LLC purchased a new position in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 438,127 shares of the company's stock, valued at approximately $11,022,000. Acadian Asset Management LLC owned 0.67% of Perdoceo Education at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. AlphaQuest LLC lifted its stake in shares of Perdoceo Education by 4.7% in the 1st quarter. AlphaQuest LLC now owns 8,976 shares of the company's stock worth $226,000 after acquiring an additional 399 shares during the period. SummerHaven Investment Management LLC lifted its stake in Perdoceo Education by 1.4% during the first quarter. SummerHaven Investment Management LLC now owns 36,624 shares of the company's stock valued at $922,000 after purchasing an additional 500 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Perdoceo Education by 1.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,043 shares of the company's stock valued at $1,457,000 after purchasing an additional 683 shares during the last quarter. IFP Advisors Inc acquired a new stake in Perdoceo Education during the first quarter valued at approximately $25,000. Finally, Balyasny Asset Management L.P. lifted its stake in Perdoceo Education by 8.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 19,931 shares of the company's stock valued at $528,000 after purchasing an additional 1,572 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Perdoceo Education Stock Up 0.2%

PRDO stock opened at $34.83 on Friday. Perdoceo Education Corporation has a 12 month low of $20.55 and a 12 month high of $35.15. The firm has a market cap of $2.26 billion, a PE ratio of 15.08, a P/E/G ratio of 0.92 and a beta of 0.91. The firm has a 50 day simple moving average of $31.10 and a 200 day simple moving average of $29.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.27 and a quick ratio of 4.26.

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

Perdoceo Education Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a $0.15 dividend. This is a boost from Perdoceo Education's previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, September 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. Perdoceo Education's payout ratio is currently 25.97%.

Analyst Upgrades and Downgrades

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

Insider Activity at Perdoceo Education

In related news, Chairman Gregory L. Jackson sold 4,568 shares of the company's stock in a transaction that occurred 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 sale, the chairman owned 60,962 shares in the company, valued at approximately $1,981,265. This represents a 6.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Greg E. Jansen sold 30,234 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $33.00, for a total transaction of $997,722.00. Following the completion of the sale, the senior vice president owned 96,279 shares of the company's stock, valued at approximately $3,177,207. This trade represents a 23.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,444 shares of company stock worth $3,330,728. 2.11% of the stock is owned by corporate insiders.

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.

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