29,586 Shares in Perdoceo Education Corporation $PRDO Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 29,586 shares of the company's stock, valued at approximately $745,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IFP Advisors Inc acquired a new position in shares of Perdoceo Education during the first quarter worth about $25,000. Quarry LP lifted its stake in shares of Perdoceo Education by 223.6% during the fourth quarter. Quarry LP now owns 1,793 shares of the company's stock worth $47,000 after purchasing an additional 1,239 shares in the last quarter. New Vernon Capital Holdings II LLC acquired a new position in shares of Perdoceo Education during the fourth quarter worth about $127,000. Point72 Asset Management L.P. lifted its stake in shares of Perdoceo Education by 31.7% during the fourth quarter. Point72 Asset Management L.P. now owns 7,900 shares of the company's stock worth $209,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Perdoceo Education during the first quarter worth about $206,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Transactions at Perdoceo Education

In related news, SVP Julia A. Leeman sold 5,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $32.07, for a total value of $160,350.00. Following the completion of the sale, the senior vice president directly owned 29,677 shares of the company's stock, valued at $951,741.39. The trade was a 14.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David C. Czeszewski sold 30,892 shares of Perdoceo Education 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 transaction, the senior vice president owned 92,129 shares of the company's stock, valued at approximately $2,916,804.14. The trade was a 25.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 166,221 shares of company stock valued at $5,219,463 over the last 90 days. Corporate insiders own 2.11% of the company's stock.

Wall Street Analysts Forecast Growth

PRDO has been the topic of a number of recent research reports. Barrington Research restated an "outperform" rating and set a $40.00 price objective on shares of Perdoceo Education in a research note on Friday, August 1st. Wall Street Zen lowered Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Perdoceo Education has a consensus rating of "Buy" and an average price target of $40.00.

Perdoceo Education Stock Up 2.7%

Perdoceo Education stock traded up $0.8750 during midday trading on Friday, hitting $33.6650. The stock had a trading volume of 236,763 shares, compared to its average volume of 609,803. The company has a current ratio of 4.27, a quick ratio of 4.26 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.19 billion, a P/E ratio of 14.51, a P/E/G ratio of 0.86 and a beta of 0.87. Perdoceo Education Corporation has a 12 month low of $20.55 and a 12 month high of $34.60. The business has a fifty day moving average price of $30.80 and a 200 day moving average price of $28.81.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $209.58 million during the quarter, compared to analyst estimates of $206.92 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.Perdoceo Education's quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. Research analysts predict that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Increases Dividend

The company also recently disclosed 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. This is an increase from Perdoceo Education's previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Perdoceo Education's dividend payout ratio is presently 22.51%.

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.