Perdoceo Education Corporation $PRDO Shares Acquired by New Vernon Capital Holdings II LLC

Key Points

• New Vernon Capital Holdings II LLC significantly increased its stake in Perdoceo Education Corporation by 4,653.6%, acquiring 228,030 shares valued at approximately $5.74 million.
• Perdoceo Education announced a quarterly dividend of $0.15 per share, marking a positive change from the previous dividend of $0.13, with a current dividend yield of 1.8%.
• Analysts have set a consensus price target of $40.00 for Perdoceo Education stock, which currently has a Buy rating from one research analyst.

New Vernon Capital Holdings II LLC raised its holdings in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 4,653.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 228,030 shares of the company's stock after acquiring an additional 223,233 shares during the period. New Vernon Capital Holdings II LLC owned 0.35% of Perdoceo Education worth $5,742,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc acquired a new stake in shares of Perdoceo Education during the 1st quarter worth $25,000. Jefferies Financial Group Inc. acquired a new stake in shares of Perdoceo Education during the 1st quarter worth $206,000. Point72 Asset Management L.P. increased its holdings 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 buying an additional 1,900 shares during the last quarter. AlphaQuest LLC increased its holdings 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 buying an additional 399 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Perdoceo Education during the 1st quarter worth $267,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barrington Research restated an "outperform" rating and set a $40.00 price objective on shares of Perdoceo Education in a report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company 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 the firm'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 completion of the sale, the chief financial officer directly owned 157,632 shares in the company, valued at $4,839,302.40. This trade represents a 25.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David C. Czeszewski sold 30,892 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $31.66, for a total value of $978,040.72. Following the sale, the senior vice president owned 92,129 shares of the company's stock, valued at $2,916,804.14. This represents a 25.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,336 shares of company stock valued at $4,308,769 over the last ninety days. Insiders own 2.11% of the company's stock.

Perdoceo Education Stock Down 0.5%

NASDAQ PRDO traded down $0.15 during trading hours on Wednesday, hitting $33.20. The company had a trading volume of 151,536 shares, compared to its average volume of 603,276. Perdoceo Education Corporation has a fifty-two week low of $20.55 and a fifty-two week high of $34.60. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 0.89 and a beta of 0.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.27 and a quick ratio of 4.26. The firm's 50 day moving average is $30.96 and its 200 day moving average is $29.25.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.67 earnings per share (EPS) 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 in the prior year, the firm earned $0.60 EPS. The firm's quarterly revenue 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. Sell-side analysts anticipate that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be paid 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 1.8%. The ex-dividend date is Tuesday, September 2nd. Perdoceo Education's payout ratio is 25.97%.

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.