Perdoceo Education Corporation $PRDO Position Increased by Deutsche Bank AG

Key Points

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Deutsche Bank AG lifted its position in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 138.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 138,091 shares of the company's stock after acquiring an additional 80,132 shares during the period. Deutsche Bank AG owned 0.21% of Perdoceo Education worth $3,477,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. SummerHaven Investment Management LLC grew its position in shares of Perdoceo Education by 1.4% during the first quarter. SummerHaven Investment Management LLC now owns 36,624 shares of the company's stock worth $922,000 after acquiring an additional 500 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Perdoceo Education by 1.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,043 shares of the company's stock worth $1,457,000 after acquiring an additional 683 shares during the last quarter. IFP Advisors Inc bought a new position in shares of Perdoceo Education during the first quarter worth about $25,000. Quarry LP grew its position 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 acquiring an additional 1,239 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its position in shares of Perdoceo Education by 8.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 19,931 shares of the company's stock worth $528,000 after acquiring an additional 1,572 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Insider Activity at Perdoceo Education

In other news, Director William Dean Hansen sold 5,994 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $31.56, for a total transaction of $189,170.64. Following the completion of the transaction, the director owned 44,171 shares in the company, valued at approximately $1,394,036.76. This trade represents a 11.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP John Robert Kline sold 71,254 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $31.75, for a total transaction of $2,262,314.50. Following the transaction, the senior vice president owned 75,868 shares of the company's stock, valued at approximately $2,408,809. This trade represents a 48.43% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 166,221 shares of company stock worth $5,219,463. Company insiders own 2.11% of the company's stock.

Perdoceo Education Price Performance

PRDO traded up $0.58 on Friday, reaching $33.37. The company had a trading volume of 852,638 shares, compared to its average volume of 800,683. The company has a fifty day moving average of $30.83 and a 200-day moving average of $28.84. The company has a market capitalization of $2.17 billion, a P/E ratio of 14.45, a PEG ratio of 0.88 and a beta of 0.87. The company has a current ratio of 4.27, a quick ratio of 4.26 and a debt-to-equity ratio of 0.01. Perdoceo Education Corporation has a one year low of $20.55 and a one year high of $34.60.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted 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. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The company had revenue of $209.58 million during the quarter, compared to analyst estimates of $206.92 million. During the same quarter last year, the firm posted $0.60 EPS. The business's revenue for the quarter 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. As a group, equities research analysts anticipate 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 given a dividend of $0.15 per share. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, September 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.8%. Perdoceo Education's payout ratio is 22.51%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PRDO shares. Wall Street Zen lowered shares of 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 target price on shares of Perdoceo Education in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $40.00.

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.