Perdoceo Education Corporation $PRDO Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its holdings in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 63.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,798 shares of the company's stock after selling 26,013 shares during the quarter. HighTower Advisors LLC's holdings in Perdoceo Education were worth $373,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. LSV Asset Management grew its stake in Perdoceo Education by 1.5% in the 1st quarter. LSV Asset Management now owns 1,874,274 shares of the company's stock valued at $47,194,000 after purchasing an additional 26,969 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in shares of Perdoceo Education in the 4th quarter valued at about $47,129,000. Frontier Capital Management Co. LLC raised its holdings in shares of Perdoceo Education by 5.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,739,401 shares of the company's stock valued at $46,042,000 after acquiring an additional 85,100 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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 valued at $27,398,000 after buying an additional 403,157 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Perdoceo Education by 3.5% during the 4th quarter. Northern Trust Corp now owns 912,898 shares of the company's stock valued at $24,164,000 after buying an additional 30,881 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Perdoceo Education Price Performance

NASDAQ:PRDO traded up $0.09 during trading hours on Wednesday, hitting $32.90. 526,969 shares of the stock were exchanged, compared to its average volume of 690,162. The company has a market cap of $2.14 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.87 and a beta of 0.91. The firm's fifty day moving average price is $30.92 and its 200 day moving average price is $29.08. Perdoceo Education Corporation has a 52-week low of $20.55 and a 52-week high of $34.60. 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 (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.02. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The firm had revenue of $209.58 million for the quarter, compared to analysts' expectations of $206.92 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm's quarterly revenue was up 25.7% on a year-over-year basis. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. As a group, equities research analysts anticipate that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The company 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 of this dividend is Tuesday, September 2nd. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 1.8%. Perdoceo Education's dividend payout ratio is 22.51%.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, SVP John Robert Kline sold 71,254 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $31.75, for a total value of $2,262,314.50. Following the completion of the transaction, the senior vice president directly owned 75,868 shares of the company's stock, valued at approximately $2,408,809. This trade represents a 48.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Gregory L. Jackson sold 4,568 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $32.50, for a total transaction of $148,460.00. Following the transaction, the chairman directly owned 60,962 shares of the company's stock, valued at approximately $1,981,265. This trade represents a 6.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 212,584 shares of company stock valued at $6,760,254. Corporate insiders own 2.11% of the company's stock.

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.