Nuveen LLC Acquires New Shares in Perdoceo Education Corporation $PRDO

Key Points

• Nuveen LLC acquired 744,953 shares of Perdoceo Education Corporation, valued at approximately $18.76 million, increasing its stake to 1.14% in the company.
• Perdoceo Education recently reported $0.67 earnings per share for the latest quarter, exceeding consensus estimates, with revenue up 25.7% year-over-year.
• The company announced a quarterly dividend increase to $0.15 per share, up from $0.13, providing a yield of 1.8% for shareholders.

Nuveen LLC bought a new stake in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 744,953 shares of the company's stock, valued at approximately $18,758,000. Nuveen LLC owned approximately 1.14% of Perdoceo Education as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Barrington Research reissued an "outperform" rating and issued a $40.00 target price on shares of Perdoceo Education in a report on Friday, August 1st. Wall Street Zen lowered shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $40.00.

Insider Activity

In other news, SVP Greg E. Jansen sold 30,234 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $33.00, for a total transaction of $997,722.00. Following the completion of the sale, the senior vice president directly owned 96,279 shares of the company's stock, valued at approximately $3,177,207. The trade was a 23.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Robert Kline sold 71,254 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $31.75, for a total transaction of $2,262,314.50. Following the sale, the senior vice president directly owned 75,868 shares of the company's stock, valued at $2,408,809. This represents a 48.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 196,455 shares of company stock valued at $6,217,185. Insiders own 2.11% of the company's stock.

Perdoceo Education Trading Down 0.9%

NASDAQ PRDO traded down $0.31 on Monday, hitting $33.06. 576,318 shares of the stock were exchanged, compared to its average volume of 813,851. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27. The stock has a fifty day moving average price of $30.85 and a two-hundred day moving average price of $28.88. The firm has a market capitalization of $2.15 billion, a P/E ratio of 14.31, a P/E/G ratio of 0.88 and a beta of 0.87. Perdoceo Education Corporation has a 52-week low of $20.55 and a 52-week high of $34.60.

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

Perdoceo Education Increases Dividend

The business 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 an increase from Perdoceo Education's previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Perdoceo Education's payout ratio is presently 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.