Empowered Funds LLC Invests $2.48 Million in Perdoceo Education Corporation $PRDO

Key Points

• Empowered Funds LLC acquired 77,441 shares of Perdoceo Education, valued at approximately $2.48 million and representing a 0.12% stake. Institutional investors collectively own 93.46% of the company.
• Analysts maintain a generally positive outlook, with two Buy ratings and one Hold rating producing a consensus “Moderate Buy” recommendation and a $44 price target. PRDO recently traded at $33.09.
• Perdoceo matched quarterly earnings expectations at $0.80 per share and reported $213.35 million in revenue, up 1.8% year over year. The company also increased its quarterly dividend to $0.17 per share, implying a 2.1% yield.

Empowered Funds LLC acquired a new stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 77,441 shares of the company's stock, valued at approximately $2,478,000. Empowered Funds LLC owned 0.12% of Perdoceo Education as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the business. Fifth Third Bancorp increased its stake in Perdoceo Education by 108.2% during the 4th quarter. Fifth Third Bancorp now owns 970 shares of the company's stock worth $28,000 after purchasing an additional 504 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Perdoceo Education during the second quarter worth about $38,000. IFP Advisors Inc grew its holdings in shares of Perdoceo Education by 34.6% during the fourth quarter. IFP Advisors Inc now owns 1,363 shares of the company's stock worth $40,000 after buying an additional 350 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Perdoceo Education by 48.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,132 shares of the company's stock valued at $63,000 after buying an additional 699 shares during the last quarter. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Perdoceo Education in the fourth quarter worth $69,000. 93.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PRDO shares. Barrington Research set a $44.00 target price on shares of Perdoceo Education in a research report on Friday, May 8th. Weiss Ratings restated a "buy (b)" rating on shares of Perdoceo Education in a research note on Friday, July 17th. Finally, Wall Street Zen cut Perdoceo Education from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Perdoceo Education presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.00.

Perdoceo Education Trading Up 0.3%

NASDAQ PRDO opened at $33.09 on Thursday. Perdoceo Education Corporation has a 12 month low of $26.66 and a 12 month high of $38.50. The stock has a 50 day moving average of $32.91 and a 200-day moving average of $33.87. The company has a market cap of $2.07 billion, a PE ratio of 12.08, a PEG ratio of 0.70 and a beta of 0.73.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.80 earnings per share for the quarter, hitting analysts' consensus estimates of $0.80. Perdoceo Education had a net margin of 20.62% and a return on equity of 18.93%. The business had revenue of $213.35 million for the quarter, compared to the consensus estimate of $212.50 million. During the same period in the previous year, the company earned $0.67 earnings per share. The firm's revenue for the quarter was up 1.8% on a year-over-year basis. Perdoceo Education has set its Q3 2026 guidance at 0.730-0.740 EPS and its FY 2026 guidance at 3.100-3.160 EPS. As a group, sell-side analysts predict that Perdoceo Education Corporation will post 3.13 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.68 annualized dividend and a dividend yield of 2.1%. This is a boost from Perdoceo Education's previous quarterly dividend of $0.15. Perdoceo Education's dividend payout ratio (DPR) is presently 24.82%.

Insider Buying and Selling at Perdoceo Education

In other news, Chairman Gregory L. Jackson sold 11,271 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $31.78, for a total value of $358,192.38. Following the sale, the chairman directly owned 64,949 shares of the company's stock, valued at approximately $2,064,079.22. This represents a 14.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.46% of the stock is owned by corporate insiders.

Perdoceo Education Company Profile

Perdoceo Education Corporation NASDAQ: PRDO is a for-profit postsecondary education provider offering certificate, associate, bachelor's and master's degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.

With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.

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