Allspring Global Investments Holdings LLC Lowers Holdings in Perdoceo Education Corporation $PRDO

Allspring Global Investments Holdings LLC lowered its position in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 21.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,601 shares of the company's stock after selling 7,823 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Perdoceo Education were worth $931,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Perdoceo Education by 2.2% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,037 shares of the company's stock worth $557,000 after purchasing an additional 361 shares in the last quarter. AlphaQuest LLC increased its position in Perdoceo Education by 4.7% during the 1st quarter. AlphaQuest LLC now owns 8,976 shares of the company's stock worth $226,000 after purchasing an additional 399 shares during the period. SummerHaven Investment Management LLC raised its stake in shares of Perdoceo Education by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 37,194 shares of the company's stock worth $1,216,000 after buying an additional 570 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of Perdoceo Education in the 1st quarter valued at approximately $25,000. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Perdoceo Education by 11.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,165 shares of the company's stock valued at $332,000 after buying an additional 1,082 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Buying and Selling at Perdoceo Education

In other news, SVP Greg E. Jansen sold 30,234 shares of the business'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 value of $997,722.00. Following the completion of the transaction, the senior vice president owned 96,279 shares of the company's stock, valued at $3,177,207. The trade was a 23.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Todd S. Nelson sold 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $35.17, for a total transaction of $1,406,800.00. Following the sale, the chief executive officer owned 524,047 shares in the company, valued at approximately $18,430,732.99. This trade represents a 7.09% decrease in their position. 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 Analyst Weigh In

A number of equities research analysts have commented on PRDO shares. Barrington Research reissued an "outperform" rating and issued a $42.00 target price on shares of Perdoceo Education in a report on Tuesday. Wall Street Zen upgraded shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a report on Sunday. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Perdoceo Education in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $42.00.

Perdoceo Education Trading Up 0.1%

Shares of Perdoceo Education stock opened at $36.46 on Thursday. Perdoceo Education Corporation has a 1 year low of $20.76 and a 1 year high of $38.02. 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 50 day moving average price of $34.52 and a 200 day moving average price of $31.43. The company has a market capitalization of $2.37 billion, a P/E ratio of 15.78, a P/E/G ratio of 0.96 and a beta of 0.88.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The company had revenue of $209.58 million during the quarter, compared to the consensus estimate of $206.92 million. During the same quarter last year, the business posted $0.60 earnings per share. Perdoceo Education's revenue was up 25.7% compared to the same quarter last year. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. Sell-side 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. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.6%. This is an increase from Perdoceo Education's previous quarterly dividend of $0.13. Perdoceo Education's dividend payout ratio is 25.97%.

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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