Perdoceo Education Corporation $PRDO Holdings Decreased by Clark Capital Management Group Inc.

Key Points

• Clark Capital Management Group Inc. decreased its holdings in Perdoceo Education Corporation by 37.5%, now owning approximately $4.50 million worth of shares.
• Perdoceo Education recently increased its quarterly dividend to $0.15, with an annualized yield of 1.8%.
• Barrington Research maintains an "outperform" rating on Perdoceo Education, with a consensus price target of $40.00 per share.

Clark Capital Management Group Inc. cut its position in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 37.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 178,765 shares of the company's stock after selling 107,427 shares during the quarter. Clark Capital Management Group Inc. owned approximately 0.27% of Perdoceo Education worth $4,501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc acquired a new stake in Perdoceo Education in the 1st quarter valued at $25,000. Point72 Asset Management L.P. increased its stake in Perdoceo Education by 31.7% in the 4th quarter. Point72 Asset Management L.P. now owns 7,900 shares of the company's stock worth $209,000 after acquiring an additional 1,900 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in Perdoceo Education during the 1st quarter valued at $206,000. 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 valued at $226,000 after buying an additional 399 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Perdoceo Education in the first quarter valued at approximately $267,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Activity at Perdoceo Education

In other news, CFO Ashish R. Ghia sold 53,081 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $30.70, for a total transaction of $1,629,586.70. Following the completion of the sale, the chief financial officer directly owned 157,632 shares of the company's stock, valued at approximately $4,839,302.40. The trade was a 25.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David C. Czeszewski sold 30,892 shares of the company'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 completion of the sale, the senior vice president owned 92,129 shares in the company, valued at approximately $2,916,804.14. This represents a 25.11% 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 over the last quarter. Company insiders own 2.11% of the company's stock.

Perdoceo Education Stock Down 0.9%

PRDO traded down $0.31 during trading on Wednesday, hitting $33.05. The company had a trading volume of 99,015 shares, compared to its average volume of 602,991. The company has a market capitalization of $2.15 billion, a PE ratio of 14.29, a PEG ratio of 0.89 and a beta of 0.91. The firm's 50-day moving average price is $30.96 and its 200 day moving average price is $29.25. Perdoceo Education Corporation has a one year low of $20.55 and a one year high of $34.60. The company has a quick ratio of 4.26, a current ratio of 4.27 and a debt-to-equity ratio of 0.01.

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, beating the consensus estimate 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 net margin of 20.09% and a return on equity of 17.13%. The firm's revenue was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. As a group, equities analysts expect that Perdoceo Education Corporation will post 2.41 earnings per share for the current year.

Perdoceo Education Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date 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 (DPR) is presently 25.97%.

Analyst Ratings Changes

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

About Perdoceo Education

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.