Diversified Trust Co Makes New $366,000 Investment in Perdoceo Education Corporation $PRDO

Key Points

• Diversified Trust Co has made a new investment in Perdoceo Education Corporation, acquiring 11,196 shares valued at approximately $366,000.
• Perdoceo Education reported a 25.7% increase in revenue and earnings per share of $0.67 for the last quarter, exceeding analysts' expectations.
• The company recently increased its quarterly dividend to $0.15 per share, marking a positive change from the previous dividend of $0.13.

Diversified Trust Co acquired a new position in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,196 shares of the company's stock, valued at approximately $366,000.

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

Perdoceo Education Stock Down 0.6%

Shares of Perdoceo Education stock opened at $35.68 on Wednesday. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 0.95 and a beta of 0.91. The company's 50 day moving average is $31.88 and its 200 day moving average is $29.91. Perdoceo Education Corporation has a twelve month low of $20.55 and a twelve month high of $36.02. 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.02. The company had revenue of $209.58 million for 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 for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 anticipate that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, September 2nd. Perdoceo Education's payout ratio is currently 25.97%.

Insider Activity at Perdoceo Education

In related news, Chairman Gregory L. Jackson sold 16,561 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $33.51, for a total transaction of $554,959.11. Following the transaction, the chairman owned 60,962 shares in the company, valued at $2,042,836.62. This represents a 21.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Elise Baskel sold 21,212 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $35.00, for a total transaction of $742,420.00. Following the transaction, the senior vice president owned 72,142 shares in the company, valued at approximately $2,524,970. This trade represents a 22.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 205,656 shares of company stock valued at $6,871,148 over the last quarter. 2.11% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Barrington Research raised their price objective on shares of Perdoceo Education from $40.00 to $42.00 and gave the stock an "outperform" rating in a report on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat, Perdoceo Education has an average rating of "Buy" and an average target price of $42.00.

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.

Want to see what other hedge funds are holding PRDO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perdoceo Education Corporation (NASDAQ:PRDO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.