Perdoceo Education Corporation $PRDO Shares Bought by Northern Trust Corp

Key Points

• Northern Trust Corp has increased its stake in Perdoceo Education Corporation by 16.6%, bringing their total holdings to over 1 million shares worth approximately $26.8 million.
• Perdoceo Education has recently announced a quarterly dividend increase from $0.13 to $0.15 per share, with a dividend yield of 1.8%.
• The company reported a 25.7% year-over-year revenue increase, with earnings per share at $0.67 for the last quarter, exceeding analysts' expectations.

Northern Trust Corp lifted its stake in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 16.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,064,875 shares of the company's stock after acquiring an additional 151,977 shares during the period. Northern Trust Corp owned approximately 1.62% of Perdoceo Education worth $26,814,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Susquehanna International Group LLP increased its holdings in shares of Perdoceo Education by 14.7% in the fourth quarter. Susquehanna International Group LLP now owns 60,217 shares of the company's stock valued at $1,594,000 after purchasing an additional 7,721 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Perdoceo Education by 19.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 138,151 shares of the company's stock valued at $3,658,000 after purchasing an additional 22,193 shares in the last quarter. Voya Investment Management LLC lifted its position in Perdoceo Education by 13.2% during the 4th quarter. Voya Investment Management LLC now owns 33,320 shares of the company's stock worth $882,000 after acquiring an additional 3,888 shares during the last quarter. Quarry LP lifted its holdings in Perdoceo Education by 223.6% during the 4th quarter. Quarry LP now owns 1,793 shares of the company's stock valued at $47,000 after purchasing an additional 1,239 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Perdoceo Education in the fourth quarter worth $389,000. Institutional investors own 93.46% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Gregory L. Jackson sold 16,561 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $33.51, for a total transaction of $554,959.11. Following the sale, the chairman directly owned 60,962 shares in the company, valued at approximately $2,042,836.62. The trade was a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David C. Czeszewski sold 30,892 shares of Perdoceo Education stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $31.66, for a total value of $978,040.72. Following the completion of the sale, the senior vice president directly owned 92,129 shares of the company's stock, valued at approximately $2,916,804.14. This trade represents a 25.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 212,584 shares of company stock valued at $6,760,254 over the last 90 days. 2.11% of the stock is owned by company insiders.

Perdoceo Education Stock Performance

Shares of PRDO traded down $0.42 during midday trading on Friday, reaching $32.46. 76,927 shares of the stock were exchanged, compared to its average volume of 605,684. Perdoceo Education Corporation has a twelve month low of $20.55 and a twelve month high of $34.60. 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 business's 50-day moving average price is $30.93 and its 200 day moving average price is $29.11. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.87 and a beta of 0.91.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. The firm had revenue of $209.58 million during the quarter, compared to the consensus estimate of $206.92 million. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The company's revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. On average, sell-side analysts expect that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.60 annualized dividend and a yield of 1.8%. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.13. Perdoceo Education's payout ratio is 25.97%.

Analyst Ratings Changes

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

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.