Brandywine Global Investment Management LLC Has $6.05 Million Holdings in Perdoceo Education Corporation $PRDO

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 Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRDO. Castlekeep Investment Advisors LLC acquired a new position in Perdoceo Education in the fourth quarter valued at about $47,129,000. Nuveen LLC acquired a new position in Perdoceo Education during the first quarter worth about $18,758,000. Bank of New York Mellon Corp raised its stake in Perdoceo Education by 58.9% during the first quarter. Bank of New York Mellon Corp now owns 1,088,105 shares of the company's stock worth $27,398,000 after acquiring an additional 403,157 shares in the last quarter. Millennium Management LLC raised its stake in Perdoceo Education by 46.1% during the fourth quarter. Millennium Management LLC now owns 871,572 shares of the company's stock worth $23,071,000 after acquiring an additional 275,129 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Perdoceo Education by 63.0% during the fourth quarter. Wellington Management Group LLP now owns 686,873 shares of the company's stock worth $18,182,000 after acquiring an additional 265,401 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

PRDO has been the subject of several research analyst reports. Barrington Research reissued an "outperform" rating and set a $40.00 target price on shares of Perdoceo Education in a research note on Friday, August 1st. Wall Street Zen downgraded 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, According to data from MarketBeat.com, Perdoceo Education currently has a consensus rating of "Buy" and an average target price of $40.00.

Perdoceo Education Trading Up 1.8%

Shares of Perdoceo Education stock traded up $0.58 on Friday, hitting $33.37. The stock had a trading volume of 852,638 shares, compared to its average volume of 800,683. The stock has a 50 day moving average of $30.83 and a 200 day moving average of $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 debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27. The firm has a market capitalization of $2.17 billion, a P/E ratio of 14.45, a PEG ratio of 0.88 and a beta of 0.87.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings data 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 company had revenue of $209.58 million during the quarter, compared to the consensus estimate of $206.92 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The firm's 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 expect that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be paid a $0.15 dividend. This is an increase 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 of this dividend is Tuesday, September 2nd. Perdoceo Education's payout ratio is currently 22.51%.

Insider Buying and Selling

In other news, SVP Julia A. Leeman sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $32.07, for a total value of $160,350.00. Following the completion of the transaction, the senior vice president owned 29,677 shares of the company's stock, valued at $951,741.39. This represents a 14.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP David C. Czeszewski sold 30,892 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $31.66, for a total value of $978,040.72. Following the completion of the transaction, the senior vice president directly owned 92,129 shares of the company's stock, valued at $2,916,804.14. This represents a 25.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 166,221 shares of company stock valued at $5,219,463 over the last three months. Insiders own 2.11% of the company's stock.

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.