Fox Run Management L.L.C. Takes Position in Perdoceo Education Corporation $PRDO

Key Points

• Fox Run Management L.L.C. acquired a new stake in Perdoceo Education Corporation, purchasing 23,718 shares valued at approximately $597,000 in the first quarter.
• The company announced an increase in its quarterly dividend to $0.15 per share, reflecting a boost from its previous dividend of $0.13, with a yield of 1.9%.
• Perdoceo Education reported a quarterly EPS of $0.67, surpassing analyst estimates and reflecting a 25.7% increase in revenue compared to the same quarter last year.

Fox Run Management L.L.C. acquired a new stake in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 23,718 shares of the company's stock, valued at approximately $597,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Trust Advisors LP lifted its position in Perdoceo Education by 7.9% during the 4th quarter. First Trust Advisors LP now owns 3,296,208 shares of the company's stock worth $87,251,000 after acquiring an additional 241,147 shares in the last quarter. LSV Asset Management lifted its position in Perdoceo Education by 1.5% during the 1st quarter. LSV Asset Management now owns 1,874,274 shares of the company's stock worth $47,194,000 after acquiring an additional 26,969 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Perdoceo Education during the 4th quarter worth approximately $47,129,000. Frontier Capital Management Co. LLC lifted its position in Perdoceo Education by 5.1% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,739,401 shares of the company's stock worth $46,042,000 after acquiring an additional 85,100 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Perdoceo Education by 58.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,088,105 shares of the company's stock worth $27,398,000 after acquiring an additional 403,157 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Julia A. Leeman sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $32.07, for a total value of $160,350.00. Following the completion of the sale, the senior vice president directly owned 29,677 shares in the company, valued at approximately $951,741.39. The trade was a 14.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ashish R. Ghia sold 53,081 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $30.70, for a total value of $1,629,586.70. Following the completion of the sale, the chief financial officer owned 157,632 shares of the company's stock, valued at $4,839,302.40. This trade represents a 25.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 166,221 shares of company stock worth $5,219,463. Corporate insiders own 2.11% of the company's stock.

Perdoceo Education Stock Up 1.8%

PRDO stock traded up $0.58 during midday trading on Friday, hitting $33.37. 852,638 shares of the company's stock were exchanged, compared to its average volume of 800,683. 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 12-month low of $20.55 and a 12-month high of $34.60. The firm has a 50 day moving average price of $30.83 and a 200-day moving average price of $28.84. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 0.88 and a beta of 0.87.

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 (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The company had revenue of $209.58 million for the quarter, compared to the consensus estimate of $206.92 million. During the same period in the previous year, the business earned $0.60 EPS. Perdoceo Education's revenue for the quarter was up 25.7% compared to the same quarter last year. 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, analysts anticipate that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.60 annualized dividend and a yield of 1.8%. This is a boost from Perdoceo Education's previous quarterly dividend of $0.13. Perdoceo Education's dividend payout ratio (DPR) is presently 22.51%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barrington Research reissued an "outperform" rating and set a $40.00 price target on shares of Perdoceo Education in a research report on Friday, August 1st. Wall Street Zen lowered Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $40.00.

About Perdoceo Education

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.