Perdoceo Education Corporation $PRDO Position Increased by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC increased its stake in Perdoceo Education Corporation by 8.9%, owning approximately 0.37% of the company valued at $6.05 million.
• Perdoceo Education's recent earnings report revealed an EPS of $0.67, surpassing estimates, with a revenue increase of 25.7% year-over-year.
• The company announced a quarterly dividend increase from $0.13 to $0.15, reflecting an annual yield of 1.9% as part of its financial commitment to shareholders.

Brandywine Global Investment Management LLC boosted its stake in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 8.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 240,307 shares of the company's stock after purchasing an additional 19,670 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.37% of Perdoceo Education worth $6,051,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PRDO. Wells Fargo & Company MN grew its holdings in Perdoceo Education by 26.7% in the fourth quarter. Wells Fargo & Company MN now owns 39,977 shares of the company's stock valued at $1,058,000 after purchasing an additional 8,432 shares during the period. Bank of Montreal Can acquired a new position in Perdoceo Education during the fourth quarter valued at approximately $233,000. Invesco Ltd. lifted its position in Perdoceo Education by 11.1% during the fourth quarter. Invesco Ltd. now owns 756,429 shares of the company's stock valued at $20,023,000 after buying an additional 75,473 shares in the last quarter. Barclays PLC lifted its position in Perdoceo Education by 3.6% during the fourth quarter. Barclays PLC now owns 114,578 shares of the company's stock valued at $3,033,000 after buying an additional 3,956 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in Perdoceo Education during the fourth quarter valued at approximately $556,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Perdoceo Education Stock Up 1.8%

Shares of NASDAQ PRDO traded up $0.58 during trading on Friday, reaching $33.37. 852,638 shares of the stock were exchanged, compared to its average volume of 800,683. The business's 50-day moving average price is $30.83 and its 200 day moving average price is $28.84. Perdoceo Education Corporation has a twelve month low of $20.55 and a twelve month 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 company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 0.87 and a beta of 0.87.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted 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. The firm had revenue of $209.58 million for the quarter, compared to analysts' expectations of $206.92 million. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The firm's quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the prior year, the company posted $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. As a group, equities analysts forecast that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

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

Insider Transactions at Perdoceo Education

In related news, SVP John Robert Kline sold 71,254 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $31.75, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Julia A. Leeman sold 5,000 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $32.07, for a total transaction of $160,350.00. Following the completion of the sale, the senior vice president directly owned 29,677 shares in the company, valued at $951,741.39. This represents a 14.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 166,221 shares of company stock valued at $5,219,463 over the last ninety days. 2.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on PRDO. Barrington Research reaffirmed an "outperform" rating and set a $40.00 price target on shares of Perdoceo Education in a research report on Friday, August 1st. Wall Street Zen cut shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Perdoceo Education presently has an average rating of "Buy" and an average price target of $40.00.

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.