Perdoceo Education Corporation $PRDO Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Perdoceo Education stake by 271.2% in the third quarter, reaching 149,990 shares valued at approximately $4.6 million. Institutional investors collectively own 93.46% of PRDO.
• Perdoceo reported quarterly EPS of $0.80, in line with analyst expectations, while revenue of $213.35 million slightly exceeded forecasts and rose 1.8% year over year.
• The company raised its quarterly dividend from $0.15 to $0.17 per share, equivalent to an annualized dividend of $0.68 and a 2.0% yield. Analysts maintain a “Moderate Buy” consensus with a $44 average price target, although company insiders recently sold shares.

Assenagon Asset Management S.A. increased its holdings in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 271.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,990 shares of the company's stock after acquiring an additional 109,578 shares during the quarter. Assenagon Asset Management S.A. owned about 0.24% of Perdoceo Education worth $4,641,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Perdoceo Education in the second quarter worth about $294,217,000. Bank of New York Mellon Corp purchased a new stake in Perdoceo Education in the second quarter worth about $20,302,000. Callodine Capital Management LP lifted its holdings in Perdoceo Education by 36.6% in the first quarter. Callodine Capital Management LP now owns 1,316,540 shares of the company's stock worth $48,988,000 after buying an additional 352,850 shares during the period. Copeland Capital Management LLC lifted its holdings in Perdoceo Education by 19.1% in the third quarter. Copeland Capital Management LLC now owns 2,108,420 shares of the company's stock worth $65,235,000 after buying an additional 338,556 shares during the period. Finally, Bellars Harris Wealth Management LLC bought a new stake in Perdoceo Education during the 2nd quarter valued at approximately $6,816,000. Institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PRDO shares. Wall Street Zen lowered Perdoceo Education from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of Perdoceo Education in a research note on Thursday, October 15th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Perdoceo Education has a consensus rating of "Moderate Buy" and an average target price of $44.00.

Perdoceo Education Stock Down 1.1%

Perdoceo Education stock opened at $33.37 on Wednesday. The company has a market capitalization of $2.09 billion, a P/E ratio of 11.48, a PEG ratio of 0.72 and a beta of 0.73. The stock's 50 day moving average is $32.63 and its 200 day moving average is $33.43. Perdoceo Education Corporation has a twelve month low of $26.66 and a twelve month high of $38.50.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.80. Perdoceo Education had a return on equity of 18.93% and a net margin of 20.62%. The business had revenue of $213.35 million during the quarter, compared to analysts' expectations of $212.50 million. During the same quarter in the previous year, the business earned $0.67 earnings per share. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. Perdoceo Education has set its Q3 2026 guidance at 0.730-0.740 EPS and its FY 2026 guidance at 3.100-3.160 EPS. As a group, equities analysts expect that Perdoceo Education Corporation will post 3.13 EPS for the current year.

Perdoceo Education Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, September 1st were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, September 1st. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.15. Perdoceo Education's dividend payout ratio (DPR) is presently 24.82%.

Insider Activity

In other Perdoceo Education news, CEO Todd Nelson sold 46,199 shares of the firm's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $32.89, for a total transaction of $1,519,485.11. Following the completion of the sale, the chief executive officer directly owned 301,782 shares in the company, valued at approximately $9,925,609.98. This trade represents a 13.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Gregory L. Jackson sold 11,271 shares of Perdoceo Education stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $31.78, for a total transaction of $358,192.38. Following the completion of the transaction, the chairman directly owned 64,949 shares of the company's stock, valued at $2,064,079.22. This trade represents a 14.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.46% of the company's stock.

Perdoceo Education Company Profile

Perdoceo Education Corporation NASDAQ: PRDO is a provider of postsecondary education focused primarily on online learning. Through its institutions, the company offers career-oriented academic programs designed for working adults and other nontraditional students.

Perdoceo's education brands include American InterContinental University and Colorado Technical University, which offer associate, bachelor's, master's and doctoral degree programs in areas such as business, information technology, healthcare, criminal justice and engineering.

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