Perdoceo Education Corporation $PRDO Shares Purchased by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC increased its stake in Perdoceo Education Corporation by 62.7%, now holding approximately 0.49% of the company worth around $8 million, according to a recent SEC filing.
• Perdoceo Education's quarterly earnings surpassed expectations, with reported earnings per share of $0.67, slightly above the analysts' consensus of $0.65, and revenue of $209.58 million.
• The company announced a quarterly dividend increase to $0.15 per share, up from $0.13, reflecting a 1.8% dividend yield for stockholders of record.

Cubist Systematic Strategies LLC grew its stake in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 62.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 319,094 shares of the company's stock after buying an additional 123,019 shares during the period. Cubist Systematic Strategies LLC owned 0.49% of Perdoceo Education worth $8,035,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PRDO. Nuveen LLC acquired a new position in shares of Perdoceo Education in the 1st quarter valued at $18,758,000. Bank of New York Mellon Corp boosted its holdings in shares of Perdoceo Education by 58.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,088,105 shares of the company's stock valued at $27,398,000 after buying an additional 403,157 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Perdoceo Education by 46.1% in the 4th quarter. Millennium Management LLC now owns 871,572 shares of the company's stock valued at $23,071,000 after buying an additional 275,129 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Perdoceo Education by 63.0% in the 4th quarter. Wellington Management Group LLP now owns 686,873 shares of the company's stock valued at $18,182,000 after buying an additional 265,401 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Perdoceo Education in the 4th quarter valued at $6,134,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Perdoceo Education Stock Performance

Perdoceo Education stock traded up $0.04 during trading hours on Friday, reaching $32.92. 474,539 shares of the stock were exchanged, compared to its average volume of 577,587. The stock has a market cap of $2.14 billion, a P/E ratio of 14.25, a P/E/G ratio of 0.87 and a beta of 0.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27. Perdoceo Education Corporation has a 52-week low of $20.55 and a 52-week high of $34.60. The firm's 50 day moving average is $30.93 and its 200 day moving average is $29.16.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. The company 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%. Perdoceo Education's quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Analysts predict 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. Stockholders of record on Tuesday, September 2nd will be issued a $0.15 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Perdoceo Education's previous quarterly dividend of $0.13. Perdoceo Education's payout ratio is 25.97%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, SVP David C. Czeszewski sold 30,892 shares of the stock in a transaction dated 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 owned 92,129 shares in the company, valued at $2,916,804.14. This trade represents a 25.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ashish R. Ghia sold 53,081 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $30.70, for a total transaction of $1,629,586.70. Following the completion of the transaction, the chief financial officer owned 157,632 shares of the company's stock, valued at $4,839,302.40. This represents a 25.19% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 212,584 shares of company stock worth $6,760,254. Insiders own 2.11% of the company's stock.

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.