Acadian Asset Management LLC Buys New Shares 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 acquired a new stake 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 (SEC). The firm acquired 438,127 shares of the company's stock, valued at approximately $11,022,000. Acadian Asset Management LLC owned 0.67% of Perdoceo Education as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc acquired a new stake in shares of Perdoceo Education in the first quarter valued at about $25,000. Point72 Asset Management L.P. raised its position in Perdoceo Education by 31.7% during the fourth quarter. Point72 Asset Management L.P. now owns 7,900 shares of the company's stock worth $209,000 after acquiring an additional 1,900 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in Perdoceo Education during the first quarter worth about $206,000. AlphaQuest LLC raised its position in Perdoceo Education by 4.7% during the first quarter. AlphaQuest LLC now owns 8,976 shares of the company's stock worth $226,000 after acquiring an additional 399 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in Perdoceo Education during the first quarter worth about $267,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Buying and Selling at Perdoceo Education

In other news, CEO Todd S. Nelson sold 40,000 shares of Perdoceo Education stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $35.17, for a total transaction of $1,406,800.00. Following the completion of the sale, the chief executive officer directly owned 524,047 shares in the company, valued at $18,430,732.99. The trade was a 7.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Greg E. Jansen sold 30,234 shares of Perdoceo Education stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $33.00, for a total transaction of $997,722.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 205,656 shares of company stock valued at $6,871,148. Corporate insiders own 2.11% of the company's stock.

Wall Street Analysts Forecast Growth

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

Perdoceo Education Price Performance

PRDO traded up $0.38 during midday trading on Thursday, reaching $35.70. 115,160 shares of the company's stock were exchanged, compared to its average volume of 599,637. 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 stock has a market capitalization of $2.32 billion, a PE ratio of 15.44, a P/E/G ratio of 0.93 and a beta of 0.91. The business's 50-day moving average price is $31.38 and its 200 day moving average price is $29.60. Perdoceo Education Corporation has a 1-year low of $20.55 and a 1-year high of $35.78.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 20.09% and a return on equity of 17.13%. The company's quarterly revenue was up 25.7% compared to the same quarter last year. 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. As a group, equities analysts anticipate that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

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

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.