Charles Schwab Investment Management Inc. Sells 31,020 Shares of Perdoceo Education Corporation $PRDO

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Perdoceo Education Corporation by 3.3%, owning approximately 1.40% of the company after selling 31,020 shares.
• Perdoceo Education reported a 25.7% increase in quarterly revenue year-over-year, with earnings per share of $0.67, exceeding analyst expectations.
• The company announced a dividend increase from $0.13 to $0.15 per share, representing a 1.8% yield, with the next payment scheduled for September 12th.

Charles Schwab Investment Management Inc. lessened its stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 919,553 shares of the company's stock after selling 31,020 shares during the period. Charles Schwab Investment Management Inc. owned about 1.40% of Perdoceo Education worth $23,154,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC purchased a new stake in shares of Perdoceo Education in the fourth quarter worth approximately $47,129,000. Bank of New York Mellon Corp increased its stake in 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 during the period. Millennium Management LLC increased its stake in 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 during the period. Wellington Management Group LLP lifted its position in Perdoceo Education by 63.0% in the 4th quarter. Wellington Management Group LLP now owns 686,873 shares of the company's stock worth $18,182,000 after buying an additional 265,401 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Perdoceo Education during the 4th quarter valued at $6,134,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Ratings Changes

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

Insider Activity at Perdoceo Education

In other news, CFO Ashish R. Ghia sold 53,081 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $30.70, for a total transaction of $1,629,586.70. Following the completion of the sale, the chief financial officer owned 157,632 shares in the company, valued at approximately $4,839,302.40. This represents a 25.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP David C. Czeszewski sold 30,892 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $31.66, for a total value of $978,040.72. Following the sale, the senior vice president owned 92,129 shares of the company's stock, valued at approximately $2,916,804.14. This trade represents a 25.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 212,584 shares of company stock worth $6,760,254 in the last 90 days. Insiders own 2.11% of the company's stock.

Perdoceo Education Stock Up 0.8%

PRDO stock traded up $0.25 during trading hours on Wednesday, hitting $32.85. The company's stock had a trading volume of 588,449 shares, compared to its average volume of 808,734. The stock has a 50 day moving average price of $30.88 and a two-hundred day moving average price of $28.93. Perdoceo Education Corporation has a 12 month low of $20.55 and a 12 month high of $34.60. The company has a market capitalization of $2.13 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 0.86 and a beta of 0.87. The company has a quick ratio of 4.26, a current ratio of 4.27 and a debt-to-equity ratio of 0.01.

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. The business had revenue of $209.58 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, equities research analysts expect that Perdoceo Education Corporation will post 2.41 earnings per share for the current 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 paid a dividend of $0.15 per share. This is a boost from Perdoceo Education's previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, September 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.8%. Perdoceo Education's dividend payout ratio is currently 22.51%.

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.