BlackRock Inc. purchased a new stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,194,267 shares of the company's stock, valued at approximately $294,217,000. BlackRock Inc. owned 14.66% of Perdoceo Education as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc lifted its position in shares of Perdoceo Education by 34.6% during the 4th quarter. IFP Advisors Inc now owns 1,363 shares of the company's stock valued at $40,000 after buying an additional 350 shares in the last quarter. DGS Capital Management LLC increased its holdings in Perdoceo Education by 0.9% in the 1st quarter. DGS Capital Management LLC now owns 47,534 shares of the company's stock worth $1,769,000 after acquiring an additional 410 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Perdoceo Education by 108.2% during the fourth quarter. Fifth Third Bancorp now owns 970 shares of the company's stock valued at $28,000 after purchasing an additional 504 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Perdoceo Education by 9.1% in the second quarter. Lazard Asset Management LLC now owns 7,280 shares of the company's stock worth $237,000 after purchasing an additional 605 shares in the last quarter. Finally, LVZ Inc. raised its position in shares of Perdoceo Education by 3.7% during the 1st quarter. LVZ Inc. now owns 17,715 shares of the company's stock valued at $659,000 after purchasing an additional 636 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.
Analysts Set New Price Targets
PRDO has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Perdoceo Education from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings restated a "buy (b)" rating on shares of Perdoceo Education in a research report on Friday, July 17th. Finally, Barrington Research set a $44.00 price objective on Perdoceo Education in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $44.00.
Check Out Our Latest Stock Report on Perdoceo Education
Perdoceo Education Stock Performance
PRDO opened at $33.46 on Thursday. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 0.71 and a beta of 0.71. The company has a fifty day moving average of $32.83 and a 200 day moving average of $33.79. Perdoceo Education Corporation has a fifty-two week low of $26.66 and a fifty-two week high of $38.50.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Perdoceo Education had a net margin of 20.62% and a return on equity of 18.93%. The business had revenue of $213.35 million for the quarter, compared to analysts' expectations of $212.50 million. During the same quarter in the previous year, the company earned $0.67 EPS. The business's quarterly revenue was up 1.8% compared to the same quarter last year. 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, equities research analysts forecast that Perdoceo Education Corporation will post 3.13 earnings per share for the current year.
Perdoceo Education Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This is a boost from Perdoceo Education's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. Perdoceo Education's dividend payout ratio is currently 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 sale, the director directly owned 48,158 shares of the company's stock, valued at $1,675,416.82. This represents a 16.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Gregory L. Jackson sold 11,271 shares of the company's stock in a transaction that occurred 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 in the company, valued at $2,064,079.22. This trade represents a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.46% of the stock is currently owned by corporate insiders.
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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