Empowered Funds LLC Lowers Holdings in Perdoceo Education Corporation $PRDO

Key Points

• Empowered Funds LLC reduced its stake in Perdoceo Education Corporation by 30.5%, selling 91,817 shares and now owns 0.32% of the company, valued at $5.27 million.
• Perdoceo Education announced a quarterly dividend of $0.15 per share, marking an increase from the previous $0.13, with a yield of 1.7%.
• The company reported a 25.7% year-over-year increase in revenue for the last quarter, amounting to $209.58 million, and earnings per share of $0.67, surpassing estimates.

Empowered Funds LLC reduced its stake in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 30.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 209,260 shares of the company's stock after selling 91,817 shares during the quarter. Empowered Funds LLC owned 0.32% of Perdoceo Education worth $5,269,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. IFP Advisors Inc purchased a new stake in Perdoceo Education during the first quarter valued at about $25,000. Jefferies Financial Group Inc. purchased a new stake in Perdoceo Education during the first quarter valued at about $206,000. Point72 Asset Management L.P. lifted its holdings in Perdoceo Education by 31.7% during the fourth quarter. Point72 Asset Management L.P. now owns 7,900 shares of the company's stock valued at $209,000 after purchasing an additional 1,900 shares during the last quarter. AlphaQuest LLC lifted its holdings in Perdoceo Education by 4.7% during the first quarter. AlphaQuest LLC now owns 8,976 shares of the company's stock valued at $226,000 after purchasing an additional 399 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in Perdoceo Education during the first quarter valued at about $267,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Perdoceo Education Stock Performance

Shares of NASDAQ:PRDO traded down $0.07 during mid-day trading on Wednesday, reaching $35.06. 70,120 shares of the company traded hands, compared to its average volume of 600,234. The company's 50 day moving average price is $31.28 and its 200-day moving average price is $29.56. The firm has a market cap of $2.28 billion, a PE ratio of 15.22, a PEG ratio of 0.92 and a beta of 0.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.27 and a quick ratio of 4.26. Perdoceo Education Corporation has a 52 week low of $20.55 and a 52 week high of $35.40.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.02. The company had revenue of $209.58 million during the quarter, compared to the consensus estimate of $206.92 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The firm's revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. 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, equities analysts expect that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. This is a boost from Perdoceo Education's previous quarterly dividend of $0.13. Perdoceo Education's payout ratio is presently 25.97%.

Insiders Place Their Bets

In related news, SVP Greg E. Jansen sold 30,234 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $33.00, for a total value of $997,722.00. Following the transaction, the senior vice president directly owned 96,279 shares of the company's stock, valued at approximately $3,177,207. The trade was a 23.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Elise Baskel sold 21,212 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $35.00, for a total value of $742,420.00. Following the completion of the transaction, the senior vice president directly owned 72,142 shares in the company, valued at approximately $2,524,970. This represents a 22.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,656 shares of company stock valued at $4,073,148 in the last 90 days. 2.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an "outperform" rating and issued a $40.00 price target on shares of Perdoceo Education in a report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $40.00.

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.