Engineers Gate Manager LP Boosts Stake in Perdoceo Education Corporation $PRDO

Key Points

• Engineers Gate Manager LP increased its Perdoceo Education stake by 293.3% in the second quarter, acquiring 77,174 additional shares for a total of 103,486 shares valued at approximately $3.31 million. Institutional investors collectively own 93.46% of PRDO.
• Perdoceo reported quarterly EPS of $0.80, in line with analyst estimates, while revenue of $213.35 million exceeded expectations and rose 1.8% year over year. The company guided for fiscal 2026 EPS of $3.10–$3.16.
• The company raised its quarterly dividend to $0.17 per share, or $0.68 annually, producing a 2.1% yield. Analysts maintain a “Moderate Buy” consensus with a $44 target price, although one analyst recently downgraded the stock to “Hold.”

Engineers Gate Manager LP raised its position in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 293.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,486 shares of the company's stock after acquiring an additional 77,174 shares during the quarter. Engineers Gate Manager LP owned approximately 0.17% of Perdoceo Education worth $3,312,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Royal Bank of Canada grew its stake in Perdoceo Education by 19.2% during the 1st quarter. Royal Bank of Canada now owns 10,663 shares of the company's stock worth $269,000 after purchasing an additional 1,717 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Perdoceo Education by 2.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,278 shares of the company's stock worth $1,417,000 after buying an additional 1,235 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Perdoceo Education by 49.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company's stock worth $38,964,000 after buying an additional 513,599 shares during the period. Jane Street Group LLC raised its holdings in Perdoceo Education by 117.5% in the first quarter. Jane Street Group LLC now owns 267,312 shares of the company's stock valued at $6,731,000 after acquiring an additional 144,395 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Perdoceo Education by 192.2% in the second quarter. Marshall Wace LLP now owns 80,212 shares of the company's stock valued at $2,622,000 after acquiring an additional 52,762 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, Chairman Gregory L. Jackson sold 11,271 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $31.78, for a total transaction of $358,192.38. Following the completion of the sale, the chairman owned 64,949 shares of the company's stock, valued at approximately $2,064,079.22. The trade was a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.46% of the company's stock.

Perdoceo Education Stock Performance

Shares of NASDAQ PRDO opened at $33.02 on Monday. Perdoceo Education Corporation has a one year low of $26.66 and a one year high of $38.50. The firm has a market capitalization of $2.07 billion, a P/E ratio of 12.05, a PEG ratio of 0.70 and a beta of 0.73. The company's fifty day moving average is $32.89 and its two-hundred day moving average is $33.93.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.80 EPS for the quarter, hitting analysts' consensus estimates of $0.80. Perdoceo Education had a return on equity of 18.93% and a net margin of 20.62%.The company 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 business earned $0.67 earnings per share. Perdoceo Education's quarterly revenue was up 1.8% compared to the same quarter last year. 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. On average, sell-side analysts forecast that Perdoceo Education Corporation will post 3.13 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 1st. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.15. Perdoceo Education's payout ratio is currently 24.82%.

Analyst Ratings Changes

PRDO has been the topic of a number of analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of Perdoceo Education in a research note on Friday, July 17th. Wall Street Zen lowered shares of Perdoceo Education from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $44.00.

About Perdoceo Education

Perdoceo Education Corporation is a postsecondary education company that provides career-focused degree and credential programs primarily through online learning platforms. The company serves working adults and other nontraditional students seeking flexible education options in fields such as business, information technology, healthcare, criminal justice and related professional disciplines.

Perdoceo operates primarily through Colorado Technical University and American InterContinental University.

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