Perdoceo Education Corporation $PRDO Shares Sold by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS has reduced its stake in Perdoceo Education Corporation by 23.4%, now holding 42,200 shares valued at approximately $1.38 million.
• Perdoceo Education recently increased its quarterly dividend from $0.13 to $0.15, representing a yield of 1.7%.
• The company's stock is rated as a "Buy" with an average price target of $42.00 following updates from multiple research analysts.

KLP Kapitalforvaltning AS decreased its position in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 23.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,200 shares of the company's stock after selling 12,900 shares during the quarter. KLP Kapitalforvaltning AS owned 0.06% of Perdoceo Education worth $1,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PRDO. IFP Advisors Inc acquired a new stake in shares of Perdoceo Education during the 1st quarter worth approximately $25,000. Jefferies Financial Group Inc. acquired a new stake in shares of Perdoceo Education during the 1st quarter worth approximately $206,000. AlphaQuest LLC grew its stake in shares of Perdoceo Education by 4.7% during the 1st quarter. AlphaQuest LLC now owns 8,976 shares of the company's stock worth $226,000 after purchasing an additional 399 shares during the period. Contravisory Investment Management Inc. acquired a new stake in Perdoceo Education in the 2nd quarter valued at $227,000. Finally, Baron Wealth Management LLC acquired a new stake in Perdoceo Education in the 2nd quarter valued at $228,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Buying and Selling

In other Perdoceo Education news, SVP Elise Baskel sold 21,212 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $35.00, for a total value of $742,420.00. Following the transaction, the senior vice president owned 72,142 shares of the company's stock, valued at $2,524,970. This represents a 22.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Greg E. Jansen sold 30,234 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $33.00, for a total transaction of $997,722.00. Following the completion of the transaction, the senior vice president directly owned 96,279 shares in the company, valued at $3,177,207. The trade was a 23.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 205,656 shares of company stock valued at $6,871,148 over the last three months. Company insiders own 2.11% of the company's stock.

Perdoceo Education Stock Down 0.3%

NASDAQ PRDO opened at $34.50 on Tuesday. Perdoceo Education Corporation has a 52 week low of $20.55 and a 52 week high of $38.02. The company has a quick ratio of 4.26, a current ratio of 4.27 and a debt-to-equity ratio of 0.01. The business's fifty day simple moving average is $33.90 and its 200-day simple moving average is $31.04. The firm has a market cap of $2.24 billion, a PE ratio of 14.94, a P/E/G ratio of 0.92 and a beta of 0.88.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.67 EPS for the quarter, topping 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 business had revenue of $209.58 million for the quarter, compared to analyst estimates of $206.92 million. During the same quarter in the previous year, the firm earned $0.60 EPS. The company's quarterly 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. As a group, equities analysts anticipate that Perdoceo Education Corporation will post 2.41 earnings per share for the current year.

Perdoceo Education Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This is an increase from Perdoceo Education's previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. Perdoceo Education's dividend payout ratio is currently 25.97%.

Analysts Set New Price Targets

PRDO has been the topic of a number of research analyst reports. Barrington Research lifted their price target on shares of Perdoceo Education from $40.00 to $42.00 and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of Perdoceo Education in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Perdoceo Education presently has a consensus rating of "Buy" and an average target price of $42.00.

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.

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