23,718 Shares in Perdoceo Education Corporation $PRDO Acquired by Fox Run Management L.L.C.

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. bought a new position in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,718 shares of the company's stock, valued at approximately $597,000.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Perdoceo Education by 9.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 36,424 shares of the company's stock worth $951,000 after purchasing an additional 3,095 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Perdoceo Education in the 1st quarter worth about $464,000. Principal Financial Group Inc. grew its holdings in shares of Perdoceo Education by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 327,431 shares of the company's stock worth $8,245,000 after purchasing an additional 8,468 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Perdoceo Education by 212.6% in the 1st quarter. Allianz Asset Management GmbH now owns 62,026 shares of the company's stock worth $1,562,000 after purchasing an additional 42,186 shares during the last quarter. Finally, Calamos Advisors LLC bought a new stake in shares of Perdoceo Education in the 1st quarter worth about $437,000. Institutional investors own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

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

Perdoceo Education Price Performance

NASDAQ PRDO traded up $0.58 on Friday, hitting $33.37. 852,638 shares of the company 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 1-year low of $20.55 and a 1-year high of $34.60. The company has a market cap of $2.17 billion, a P/E ratio of 14.45, a P/E/G ratio of 0.87 and a beta of 0.87. The firm has a 50 day moving average of $30.83 and a two-hundred day moving average of $28.84.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its earnings results 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. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. 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 prior year, the company posted $0.60 EPS. The company's revenue 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, equities analysts predict that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, September 2nd. This is a boost from Perdoceo Education's previous quarterly dividend of $0.13. Perdoceo Education's dividend payout ratio is currently 25.97%.

Insiders Place Their Bets

In related news, Director William Dean Hansen sold 5,994 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $31.56, for a total value of $189,170.64. Following the sale, the director directly owned 44,171 shares in the company, valued at $1,394,036.76. This trade represents a 11.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John Robert Kline sold 71,254 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $31.75, for a total transaction of $2,262,314.50. Following the completion of the sale, the senior vice president owned 75,868 shares in the company, valued at $2,408,809. This represents a 48.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 166,221 shares of company stock worth $5,219,463 over the last ninety days. Company insiders own 2.11% of the company's stock.

Perdoceo Education Company 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.