Perdoceo Education Corporation $PRDO Shares Sold by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC reduced its stake in Perdoceo Education Corporation by 47.6%, owning 215,615 shares after selling 196,070 shares in the first quarter.
• Perdoceo Education announced a quarterly dividend increase from $0.13 to $0.15 per share, with a 1.8% dividend yield.
• Despite recent stock sales by insiders, analysts maintain a "Buy" rating for Perdoceo Education with a target price of $40.00.

Bridgeway Capital Management LLC decreased its stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 47.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 215,615 shares of the company's stock after selling 196,070 shares during the period. Bridgeway Capital Management LLC owned about 0.33% of Perdoceo Education worth $5,429,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PRDO. Allspring Global Investments Holdings LLC increased its position in shares of Perdoceo Education by 9.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 36,424 shares of the company's stock valued at $951,000 after acquiring an additional 3,095 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Perdoceo Education in the 1st quarter worth approximately $464,000. Principal Financial Group Inc. boosted its position in Perdoceo Education by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 327,431 shares of the company's stock worth $8,245,000 after purchasing an additional 8,468 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Perdoceo Education by 212.6% in the 1st quarter. Allianz Asset Management GmbH now owns 62,026 shares of the company's stock worth $1,562,000 after acquiring an additional 42,186 shares during the last quarter. Finally, Calamos Advisors LLC acquired a new position in Perdoceo Education during the 1st quarter worth about $437,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an "outperform" rating and issued a $40.00 target price on shares of Perdoceo Education in a report on Friday, August 1st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Perdoceo Education has a consensus rating of "Buy" and an average target price of $40.00.

Insider Buying and Selling

In other news, SVP David C. Czeszewski sold 30,892 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $31.66, for a total value of $978,040.72. Following the sale, the senior vice president owned 92,129 shares of the company's stock, valued at $2,916,804.14. The trade was a 25.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Gregory L. Jackson sold 16,561 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $33.51, for a total value of $554,959.11. Following the sale, the chairman owned 60,962 shares in the company, valued at $2,042,836.62. The trade was a 21.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,336 shares of company stock valued at $4,308,769 in the last 90 days. Insiders own 2.11% of the company's stock.

Perdoceo Education Trading Down 1.1%

PRDO traded down $0.36 during mid-day trading on Wednesday, reaching $32.99. The stock had a trading volume of 86,310 shares, compared to its average volume of 602,991. The firm's fifty day simple moving average is $30.96 and its two-hundred day simple moving average is $29.25. Perdoceo Education Corporation has a 52 week low of $20.55 and a 52 week high of $34.60. The stock has a market capitalization of $2.14 billion, a P/E ratio of 14.30, a P/E/G ratio of 0.89 and a beta of 0.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.67 EPS 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 business had revenue of $209.58 million for the quarter, compared to the consensus estimate of $206.92 million. During the same quarter last year, the business posted $0.60 EPS. The firm'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. On average, equities analysts predict that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.13. Perdoceo Education's dividend payout ratio is presently 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.