Algert Global LLC boosted its holdings in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 147.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,740 shares of the company's stock after acquiring an additional 51,130 shares during the quarter. Algert Global LLC owned about 0.14% of Perdoceo Education worth $2,744,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PRDO. BlackRock Inc. purchased a new stake in Perdoceo Education in the 2nd quarter valued at about $294,217,000. Vanguard Group Inc. lifted its position in Perdoceo Education by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 4,465,353 shares of the company's stock valued at $130,969,000 after buying an additional 115,797 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Perdoceo Education by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,907,383 shares of the company's stock worth $145,395,000 after buying an additional 108,727 shares during the period. First Trust Advisors LP increased its position in shares of Perdoceo Education by 2.2% during the first quarter. First Trust Advisors LP now owns 2,970,195 shares of the company's stock valued at $110,521,000 after acquiring an additional 64,399 shares during the last quarter. Finally, State Street Corp increased its position in shares of Perdoceo Education by 0.8% during the fourth quarter. State Street Corp now owns 2,411,020 shares of the company's stock valued at $70,715,000 after acquiring an additional 19,658 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.
Perdoceo Education Price Performance
NASDAQ PRDO opened at $33.57 on Friday. Perdoceo Education Corporation has a 1 year low of $26.66 and a 1 year high of $38.50. The company 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 fifty day moving average of $32.89 and a two-hundred day moving average of $33.80.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.80. The firm had revenue of $213.35 million for 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 quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $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. On average, research analysts expect that Perdoceo Education Corporation will post 3.13 earnings per share for the current year.
Perdoceo Education Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Tuesday, September 1st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This is an increase from Perdoceo Education's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. Perdoceo Education's dividend payout ratio is presently 21.90%.
Insider Buying and Selling
In other news, Director Kenda B. Gonzales sold 9,308 shares of the company's stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $34.79, for a total transaction of $323,825.32. Following the completion of the sale, the director owned 48,158 shares in the company, valued at $1,675,416.82. This represents a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Gregory L. Jackson sold 11,271 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $31.78, for a total value of $358,192.38. Following the sale, the chairman directly owned 64,949 shares of the company's stock, valued at approximately $2,064,079.22. This represents a 14.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.46% of the company's stock.
Wall Street Analyst Weigh In
PRDO has been the subject of a number of research analyst reports. Barrington Research set a $44.00 price objective on shares of Perdoceo Education in a research report on Friday, May 8th. Wall Street Zen cut Perdoceo Education from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Perdoceo Education in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $44.00.
Check Out Our Latest Analysis on Perdoceo Education
About Perdoceo Education
(
Free Report)
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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