Russell Investments Group Ltd. Buys 126,434 Shares of Perdoceo Education Corporation $PRDO

Key Points

• Russell Investments Group Ltd. increased its stake in Perdoceo Education Corporation by 263.0% during the 1st quarter, now owning 174,501 shares valued at approximately $4.4 million.
• Perdoceo Education reported a 25.7% year-over-year increase in revenue during its last quarter, with an EPS of $0.67 that exceeded analyst estimates.
• The company has announced an increase in its quarterly dividend to $0.15 per share, resulting in an annualized dividend yield of 1.8%.

Russell Investments Group Ltd. lifted its stake in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 263.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 174,501 shares of the company's stock after buying an additional 126,434 shares during the period. Russell Investments Group Ltd. owned about 0.27% of Perdoceo Education worth $4,419,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. LSV Asset Management raised its holdings in shares of Perdoceo Education by 1.5% in the 1st quarter. LSV Asset Management now owns 1,874,274 shares of the company's stock worth $47,194,000 after buying an additional 26,969 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Perdoceo Education during the 4th quarter valued at $47,129,000. Frontier Capital Management Co. LLC increased its holdings in Perdoceo Education by 5.1% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,739,401 shares of the company's stock valued at $46,042,000 after purchasing an additional 85,100 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Perdoceo Education by 58.9% during 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 purchasing an additional 403,157 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Perdoceo Education by 3.5% during the 4th quarter. Northern Trust Corp now owns 912,898 shares of the company's stock valued at $24,164,000 after purchasing an additional 30,881 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Ashish R. Ghia sold 53,081 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $30.70, for a total value of $1,629,586.70. Following the transaction, the chief financial officer directly owned 157,632 shares in the company, valued at $4,839,302.40. This trade represents a 25.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David C. Czeszewski sold 30,892 shares of the firm's stock in a transaction on Friday, June 13th. The stock was 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 represents a 25.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 212,584 shares of company stock worth $6,760,254. 2.11% of the stock is currently owned by company insiders.

Perdoceo Education Price Performance

Shares of NASDAQ PRDO remained flat at $32.85 during midday trading on Thursday. The stock had a trading volume of 458,010 shares, compared to its average volume of 808,806. The stock has a fifty day simple moving average of $30.89 and a 200-day simple moving average of $28.96. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 0.87 and a beta of 0.87. Perdoceo Education Corporation has a one year low of $20.55 and a one year 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.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $209.58 million during the quarter, compared to analysts' expectations of $206.92 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The business's revenue for the quarter was up 25.7% on a year-over-year basis. During the same period last 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. Equities analysts expect that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The company 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 $0.15 dividend. This is an increase from Perdoceo Education's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.8%. Perdoceo Education's payout ratio is 22.51%.

Wall Street Analyst Weigh In

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

Perdoceo Education 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.