Manning & Napier Advisors LLC Invests $6.65 Million in Perdoceo Education Corporation $PRDO

Key Points

• Manning & Napier Advisors initiated a $6.65 million position in Perdoceo Education, purchasing 207,935 shares, while institutional investors collectively own 93.46% of the company.
• Perdoceo reported quarterly earnings of $0.80 per share, matching estimates, on revenue of $213.35 million—up 1.8% year over year. Analysts maintain a “Moderate Buy” consensus with a $44 price target.
• The company increased its quarterly dividend from $0.15 to $0.17 per share, implying an annualized dividend of $0.68 and a 2.1% yield; meanwhile, two company insiders recently sold shares.

Manning & Napier Advisors LLC bought a new position in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 207,935 shares of the company's stock, valued at approximately $6,654,000. Manning & Napier Advisors LLC owned about 0.33% of Perdoceo Education at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in shares of Perdoceo Education by 34.6% in the fourth quarter. IFP Advisors Inc now owns 1,363 shares of the company's stock worth $40,000 after acquiring an additional 350 shares during the period. DGS Capital Management LLC grew its position in shares of Perdoceo Education by 0.9% during the 1st quarter. DGS Capital Management LLC now owns 47,534 shares of the company's stock valued at $1,769,000 after acquiring an additional 410 shares during the period. Fifth Third Bancorp increased its stake in shares of Perdoceo Education by 108.2% in the 4th quarter. Fifth Third Bancorp now owns 970 shares of the company's stock valued at $28,000 after purchasing an additional 504 shares in the last quarter. Lazard Asset Management LLC raised its holdings in Perdoceo Education by 9.1% in the 2nd quarter. Lazard Asset Management LLC now owns 7,280 shares of the company's stock worth $237,000 after purchasing an additional 605 shares during the period. Finally, LVZ Inc. boosted its position in Perdoceo Education by 3.7% during the first quarter. LVZ Inc. now owns 17,715 shares of the company's stock worth $659,000 after purchasing an additional 636 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings restated a "buy (b)" rating on shares of Perdoceo Education in a research report on Friday, July 17th. Wall Street Zen lowered Perdoceo Education from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Barrington Research set a $44.00 price target on Perdoceo Education in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.00.

Insiders Place Their Bets

In related news, Director Kenda B. Gonzales sold 9,308 shares of the firm's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $34.79, for a total transaction of $323,825.32. Following the completion of the sale, the director directly owned 48,158 shares in the company, valued at approximately $1,675,416.82. This trade represents a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Gregory L. Jackson sold 11,271 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $31.78, for a total transaction of $358,192.38. Following the completion of the transaction, the chairman owned 64,949 shares in the company, valued at $2,064,079.22. The trade was a 14.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.46% of the stock is owned by company insiders.

Perdoceo Education Trading Down 0.0%

PRDO stock opened at $33.01 on Tuesday. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 0.70 and a beta of 0.71. Perdoceo Education Corporation has a 12 month low of $26.66 and a 12 month high of $38.50. The firm has a 50-day moving average of $32.77 and a two-hundred day moving average of $33.76.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $213.35 million for the quarter, compared to analysts' expectations of $212.50 million. Perdoceo Education had a return on equity of 18.93% and a net margin of 20.62%.The business's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 EPS. Perdoceo Education has set its Q3 2026 guidance at 0.730-0.740 EPS and its FY 2026 guidance at 3.100-3.160 EPS. As a group, equities analysts forecast that Perdoceo Education Corporation will post 3.13 earnings per share for the current year.

Perdoceo Education Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, September 1st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, September 1st. This is an increase from Perdoceo Education's previous quarterly dividend of $0.15. Perdoceo Education's dividend payout ratio (DPR) is currently 21.90%.

About Perdoceo Education

Perdoceo Education Corporation NASDAQ: PRDO is a for-profit postsecondary education provider offering certificate, associate, bachelor's and master's degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.

With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.

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