Credit Agricole S A Buys 28,005 Shares of Perdoceo Education Corporation $PRDO

Key Points

• Credit Agricole S A increased its stake in Perdoceo Education Corporation by 42.2%, owning $2.38 million worth of shares as of its latest SEC filing.
• Perdoceo Education reported $0.67 earnings per share in its most recent quarter, exceeding analysts' expectations, alongside a year-over-year revenue increase of 25.7%.
• The company announced a quarterly dividend increase to $0.15 per share, with a yield of 1.8%, set to be paid on September 12th.

Credit Agricole S A raised its stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 42.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,363 shares of the company's stock after buying an additional 28,005 shares during the quarter. Credit Agricole S A owned about 0.14% of Perdoceo Education worth $2,376,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. LSV Asset Management grew its position in shares of Perdoceo Education by 1.5% during the 1st quarter. LSV Asset Management now owns 1,874,274 shares of the company's stock worth $47,194,000 after buying an additional 26,969 shares during the period. American Century Companies Inc. grew its position in shares of Perdoceo Education by 10.2% during the 1st quarter. American Century Companies Inc. now owns 1,792,952 shares of the company's stock worth $45,147,000 after buying an additional 165,762 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in shares of Perdoceo Education during the 4th quarter worth about $47,129,000. Frontier Capital Management Co. LLC grew its position in shares of Perdoceo Education by 5.1% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,739,401 shares of the company's stock worth $46,042,000 after buying an additional 85,100 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Perdoceo Education by 58.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,088,105 shares of the company's stock worth $27,398,000 after buying an additional 403,157 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on PRDO. Wall Street Zen lowered Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th. Barrington Research reiterated an "outperform" rating and issued a $40.00 price objective on shares of Perdoceo Education in a research report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Perdoceo Education presently has an average rating of "Buy" and a consensus target price of $40.00.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, SVP David C. Czeszewski sold 30,892 shares of the company's stock in a transaction 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 transaction, the senior vice president directly owned 92,129 shares of the company's stock, valued at $2,916,804.14. This represents a 25.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP John Robert Kline sold 71,254 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $31.75, for a total value of $2,262,314.50. Following the completion of the transaction, the senior vice president directly owned 75,868 shares in the company, valued at approximately $2,408,809. This represents a 48.43% decrease in their ownership of the stock. 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. Insiders own 2.11% of the company's stock.

Perdoceo Education Price Performance

NASDAQ:PRDO remained flat at $32.85 during trading hours on Thursday. The company's stock had a trading volume of 202,972 shares, compared to its average volume of 610,173. Perdoceo Education Corporation has a 52-week low of $20.55 and a 52-week high of $34.60. 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 company's fifty day simple moving average is $30.88 and its 200 day simple moving average is $28.93. The stock has a market capitalization of $2.13 billion, a PE ratio of 14.24, a PEG ratio of 0.86 and a beta of 0.87.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The firm had revenue of $209.58 million during the quarter, compared to the consensus estimate of $206.92 million. During the same quarter in the prior year, the firm posted $0.60 EPS. The business's revenue was up 25.7% on a year-over-year basis. 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 earnings per share for the current year.

Perdoceo Education Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.15 per share. 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 dividend payout ratio (DPR) is currently 22.51%.

Perdoceo Education 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.