Intech Investment Management LLC Has $4.99 Million Position in Perdoceo Education Corporation $PRDO

Key Points

• Intech Investment Management LLC significantly increased its holdings in Perdoceo Education Corporation, acquiring 163,677 shares, raising its ownership by 475.2% to a total of 198,122 shares valued at approximately $4.99 million.
• Perdoceo Education reported a quarterly earnings per share of $0.67, beating analysts' expectations and showing year-over-year revenue growth of 25.7%, totaling $209.58 million.
• The company has recently raised its quarterly dividend from $0.13 to $0.15 per share, reflecting a dividend yield of 1.7% and demonstrating its commitment to returning value to shareholders.

Intech Investment Management LLC boosted its stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 475.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 198,122 shares of the company's stock after buying an additional 163,677 shares during the period. Intech Investment Management LLC owned approximately 0.30% of Perdoceo Education worth $4,989,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PRDO. Jane Street Group LLC raised its holdings in shares of Perdoceo Education by 117.5% during the first quarter. Jane Street Group LLC now owns 267,312 shares of the company's stock worth $6,731,000 after acquiring an additional 144,395 shares during the period. Caxton Associates LLP acquired a new stake in shares of Perdoceo Education in the 1st quarter valued at about $656,000. Goldman Sachs Group Inc. raised its stake in shares of Perdoceo Education by 49.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company's stock valued at $38,964,000 after purchasing an additional 513,599 shares during the period. Petrus Trust Company LTA acquired a new stake in shares of Perdoceo Education in the 1st quarter valued at about $684,000. Finally, New Vernon Capital Holdings II LLC raised its stake in shares of Perdoceo Education by 4,653.6% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 228,030 shares of the company's stock valued at $5,742,000 after purchasing an additional 223,233 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Perdoceo Education Stock Up 1.1%

Shares of NASDAQ:PRDO traded up $0.38 during midday trading on Thursday, reaching $35.70. The company had a trading volume of 115,160 shares, compared to its average volume of 599,637. The company has a quick ratio of 4.26, a current ratio of 4.27 and a debt-to-equity ratio of 0.01. The business's 50 day moving average price is $31.38 and its 200 day moving average price is $29.60. The stock has a market cap of $2.32 billion, a PE ratio of 15.44, a P/E/G ratio of 0.93 and a beta of 0.91. Perdoceo Education Corporation has a 1-year low of $20.55 and a 1-year high of $35.78.

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. The business had revenue of $209.58 million for 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%.Perdoceo Education's quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. Research analysts forecast that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

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

Insider Buying and Selling at Perdoceo Education

In other news, SVP Greg E. Jansen sold 30,234 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $33.00, for a total transaction of $997,722.00. Following the transaction, the senior vice president directly owned 96,279 shares in the company, valued at $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 available at this link. Also, CFO Ashish R. Ghia sold 53,081 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $30.70, for a total transaction of $1,629,586.70. Following the transaction, the chief financial officer owned 157,632 shares in the company, valued at $4,839,302.40. This represents a 25.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 205,656 shares of company stock valued at $6,871,148 in the last 90 days. Company insiders own 2.11% of the company's stock.

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.