Caisse DE Depot ET Placement DU Quebec Buys Shares of 55,600 Perdoceo Education Corporation $PRDO

Key Points

• Caisse DE Depot ET Placement DU Quebec has acquired a new position in Perdoceo Education Corporation, purchasing 55,600 shares valued at approximately $1.4 million.
• Insider selling activity included SVP David C. Czeszewski and CFO Ashish R. Ghia, with significant reductions of 25.11% and 25.19% in their respective shareholdings.
• Perdoceo Education's quarterly dividend has been increased to $0.15, representing a 1.8% annual yield, with an ex-dividend date set for September 2nd.

Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 55,600 shares of the company's stock, valued at approximately $1,400,000. Caisse DE Depot ET Placement DU Quebec owned about 0.08% of Perdoceo Education as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AlphaQuest LLC raised its stake in Perdoceo Education by 4.7% during the 1st quarter. AlphaQuest LLC now owns 8,976 shares of the company's stock valued at $226,000 after acquiring an additional 399 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in Perdoceo Education by 1.4% during the 1st quarter. SummerHaven Investment Management LLC now owns 36,624 shares of the company's stock valued at $922,000 after acquiring an additional 500 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Perdoceo Education by 1.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,043 shares of the company's stock valued at $1,457,000 after acquiring an additional 683 shares during the last quarter. IFP Advisors Inc purchased a new position in shares of Perdoceo Education during the 1st quarter worth approximately $25,000. Finally, Quarry LP raised its stake in shares of Perdoceo Education by 223.6% during the 4th quarter. Quarry LP now owns 1,793 shares of the company's stock worth $47,000 after buying an additional 1,239 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Perdoceo Education Stock Performance

Shares of PRDO stock traded down $0.02 during trading hours on Thursday, reaching $32.88. 422,599 shares of the company's stock were exchanged, compared to its average volume of 608,238. The company has a market cap of $2.14 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91. The company's 50 day moving average is $30.93 and its two-hundred day moving average is $29.11. Perdoceo Education Corporation has a 1 year low of $20.55 and a 1 year high of $34.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.27 and a quick ratio of 4.26.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. The business had revenue of $209.58 million during the quarter, compared to the consensus estimate of $206.92 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The company's revenue for the quarter was up 25.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. Equities research 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 will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be issued a $0.15 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from Perdoceo Education's previous quarterly dividend of $0.13. Perdoceo Education's payout ratio is currently 25.97%.

Insiders Place Their Bets

In related news, SVP David C. Czeszewski sold 30,892 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was 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 in the company, valued at $2,916,804.14. This represents a 25.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Greg E. Jansen sold 30,234 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $33.00, for a total value of $997,722.00. Following the completion of the sale, the senior vice president owned 96,279 shares in the company, valued at approximately $3,177,207. This represents a 23.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 212,584 shares of company stock worth $6,760,254. 2.11% of the stock is owned by insiders.

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.