Deutsche Bank AG Acquires 80,132 Shares of Perdoceo Education Corporation $PRDO

Key Points

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Deutsche Bank AG increased its holdings in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 138.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 138,091 shares of the company's stock after buying an additional 80,132 shares during the quarter. Deutsche Bank AG owned 0.21% of Perdoceo Education worth $3,477,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barrington Research reiterated an "outperform" rating and issued a $40.00 target price on shares of Perdoceo Education in a research report on Friday, August 1st. Wall Street Zen downgraded Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Perdoceo Education currently has an average rating of "Buy" and an average target price of $40.00.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, SVP Julia A. Leeman sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $32.07, for a total transaction of $160,350.00. Following the transaction, the senior vice president directly owned 29,677 shares in the company, valued at approximately $951,741.39. This represents a 14.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Robert Kline sold 71,254 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $31.75, for a total value of $2,262,314.50. Following the transaction, the senior vice president owned 75,868 shares in the company, valued at $2,408,809. The trade was a 48.43% 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 ninety days. Insiders own 2.11% of the company's stock.

Perdoceo Education Trading Up 1.8%

Shares of PRDO traded up $0.58 during mid-day trading on Friday, reaching $33.37. 852,638 shares of the company were exchanged, compared to its average volume of 800,683. Perdoceo Education Corporation has a 52 week low of $20.55 and a 52 week high of $34.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27. The stock has a market capitalization of $2.17 billion, a PE ratio of 14.45, a PEG ratio of 0.87 and a beta of 0.87. The business has a 50 day simple moving average of $30.83 and a two-hundred day simple moving average of $28.84.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings data 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. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The company had revenue of $209.58 million during the quarter, compared to the consensus estimate of $206.92 million. During the same period last year, the company earned $0.60 earnings per share. 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, analysts predict that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal 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 given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.8%. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, September 2nd. Perdoceo Education's dividend payout ratio is 25.97%.

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.