Invesco Ltd. Sells 144,462 Shares of Perdoceo Education Corporation $PRDO

Key Points

• Invesco Ltd. has reduced its stake in Perdoceo Education Corporation by 19.1%, now holding approximately 611,967 shares valued at $15.4 million as of the latest reporting period.
• Perdoceo Education reported an earnings per share (EPS) of $0.67 for the last quarter, surpassing analysts' expectations by $0.02.
• The company has announced a quarterly dividend increase, now paying $0.15 per share, reflecting a positive change from the previous dividend of $0.13.

Invesco Ltd. cut its stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 19.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 611,967 shares of the company's stock after selling 144,462 shares during the period. Invesco Ltd. owned 0.93% of Perdoceo Education worth $15,409,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PRDO. IFP Advisors Inc bought a new position in Perdoceo Education during the first quarter valued at approximately $25,000. Quarry LP grew its position in Perdoceo Education by 223.6% during the fourth quarter. Quarry LP now owns 1,793 shares of the company's stock valued at $47,000 after acquiring an additional 1,239 shares during the last quarter. New Vernon Capital Holdings II LLC bought a new position in Perdoceo Education during the fourth quarter valued at approximately $127,000. Jefferies Financial Group Inc. bought a new position in Perdoceo Education during the first quarter valued at approximately $206,000. Finally, Point72 Asset Management L.P. grew its position in Perdoceo Education by 31.7% during the fourth quarter. Point72 Asset Management L.P. now owns 7,900 shares of the company's stock valued at $209,000 after acquiring an additional 1,900 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PRDO. Wall Street Zen lowered Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th. Barrington Research reissued an "outperform" rating and set a $40.00 price objective 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, Perdoceo Education currently has a consensus rating of "Buy" and a consensus price target of $40.00.

Insiders Place Their Bets

In other news, CFO Ashish R. Ghia sold 53,081 shares of Perdoceo Education 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 directly owned 157,632 shares of the company's stock, valued at $4,839,302.40. The trade was a 25.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Gregory L. Jackson sold 16,561 shares of Perdoceo Education stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $33.51, for a total value of $554,959.11. Following the sale, the chairman directly owned 60,962 shares in the company, valued at $2,042,836.62. This trade represents a 21.36% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 212,584 shares of company stock valued at $6,760,254. 2.11% of the stock is currently owned by company insiders.

Perdoceo Education Stock Down 0.4%

Shares of NASDAQ:PRDO traded down $0.12 on Thursday, hitting $32.73. 58,023 shares of the company traded hands, compared to its average volume of 609,355. Perdoceo Education Corporation has a 52 week low of $20.55 and a 52 week high of $34.60. 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 stock has a 50 day simple moving average of $30.88 and a 200-day simple moving average of $28.93. The company has a market cap of $2.13 billion, a PE ratio of 14.13, a PEG ratio of 0.86 and a beta of 0.87.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.67 earnings per share for the quarter, beating 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 firm had revenue of $209.58 million during the quarter, compared to the consensus estimate of $206.92 million. During the same period last year, the company earned $0.60 earnings per share. The company's 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, research analysts expect that Perdoceo Education Corporation will post 2.41 earnings per share for the current year.

Perdoceo Education Increases Dividend

The company 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 $0.15 dividend. 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 yield of 1.8%. Perdoceo Education's payout ratio is 22.51%.

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.