Intech Investment Management LLC Acquires 163,677 Shares of 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 raised its holdings in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 475.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,122 shares of the company's stock after purchasing an additional 163,677 shares during the quarter. Intech Investment Management LLC owned 0.30% of Perdoceo Education worth $4,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc bought a new position in Perdoceo Education in the 1st quarter valued at $25,000. Jefferies Financial Group Inc. bought a new position in shares of Perdoceo Education during the 1st quarter worth $206,000. Point72 Asset Management L.P. grew its stake in shares of Perdoceo Education by 31.7% during the 4th quarter. Point72 Asset Management L.P. now owns 7,900 shares of the company's stock worth $209,000 after acquiring an additional 1,900 shares during the period. AlphaQuest LLC grew its stake in shares of Perdoceo Education by 4.7% during the 1st quarter. AlphaQuest LLC now owns 8,976 shares of the company's stock worth $226,000 after acquiring an additional 399 shares during the period. Finally, Banque Cantonale Vaudoise bought a new position in shares of Perdoceo Education during the 1st quarter worth $267,000. Institutional investors own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Perdoceo Education

In related news, SVP Greg E. Jansen sold 30,234 shares of Perdoceo Education stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $33.00, for a total transaction of $997,722.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Gregory L. Jackson sold 4,568 shares of Perdoceo Education stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $32.50, for a total value of $148,460.00. Following the sale, the chairman owned 60,962 shares in the company, valued at $1,981,265. This represents a 6.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,444 shares of company stock worth $3,330,728 over the last ninety days. 2.11% of the stock is owned by corporate insiders.

Perdoceo Education Stock Performance

NASDAQ:PRDO opened at $34.83 on Friday. The business's 50-day moving average price is $31.10 and its two-hundred day moving average price is $29.40. Perdoceo Education Corporation has a twelve month low of $20.55 and a twelve month high of $35.15. The stock has a market cap of $2.26 billion, a P/E ratio of 15.08, a PEG ratio of 0.92 and a beta of 0.91. The company has a quick ratio of 4.26, a current ratio of 4.27 and a debt-to-equity ratio of 0.01.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.67 earnings per share 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 company had revenue of $209.58 million for the quarter, compared to analysts' expectations of $206.92 million. During the same period last year, the firm posted $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. As a group, equities analysts predict that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

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

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.

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