Bellars Harris Wealth Management LLC purchased a new stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 213,013 shares of the company's stock, valued at approximately $6,816,000. Bellars Harris Wealth Management LLC owned approximately 0.34% of Perdoceo Education at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of PRDO. Copeland Capital Management LLC increased its position in Perdoceo Education by 82.1% during the fourth quarter. Copeland Capital Management LLC now owns 1,716,850 shares of the company's stock worth $50,355,000 after buying an additional 774,285 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Perdoceo Education by 49.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company's stock worth $38,964,000 after buying an additional 513,599 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Perdoceo Education by 183,302.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 390,647 shares of the company's stock worth $11,458,000 after acquiring an additional 390,434 shares in the last quarter. Callodine Capital Management LP boosted its stake in shares of Perdoceo Education by 36.6% during the 1st quarter. Callodine Capital Management LP now owns 1,316,540 shares of the company's stock worth $48,988,000 after acquiring an additional 352,850 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Perdoceo Education by 874.1% during the 4th quarter. Cerity Partners LLC now owns 325,400 shares of the company's stock valued at $9,544,000 after acquiring an additional 291,994 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.
Perdoceo Education Stock Up 0.4%
Shares of NASDAQ PRDO opened at $32.01 on Friday. Perdoceo Education Corporation has a 12 month low of $26.66 and a 12 month high of $38.50. The company has a market cap of $2.00 billion, a P/E ratio of 11.68, a P/E/G ratio of 0.68 and a beta of 0.71. The business's 50 day moving average is $32.96 and its two-hundred day moving average is $33.72.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $213.35 million during the quarter, compared to analysts' expectations of $212.50 million. Perdoceo Education had a return on equity of 18.93% and a net margin of 20.62%.Perdoceo Education's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 earnings per share. 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. Sell-side analysts expect that Perdoceo Education Corporation will post 3.13 earnings per share for the current fiscal year.
Perdoceo Education Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, September 1st. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.15. Perdoceo Education's payout ratio is presently 21.90%.
Insider Activity
In related news, Director Kenda B. Gonzales sold 9,308 shares of Perdoceo Education stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $34.79, for a total transaction of $323,825.32. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Gregory L. Jackson sold 11,271 shares of Perdoceo Education stock in a transaction dated 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 in the company, valued at approximately $2,064,079.22. This trade represents a 14.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.46% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on PRDO shares. Zacks Research downgraded Perdoceo Education from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 21st. Wall Street Zen cut Perdoceo Education from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Barrington Research set a $44.00 price target on Perdoceo Education in a report on Friday, May 8th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Perdoceo Education in a research report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Perdoceo Education currently has an average rating of "Moderate Buy" and a consensus target price of $44.00.
Get Our Latest Stock Report 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.
See Also
Want to see what other hedge funds are holding PRDO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perdoceo Education Corporation (NASDAQ:PRDO - Free Report).
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