Perdoceo Education Corporation $PRDO Stock Bought by Copeland Capital Management LLC

Key Points

• Copeland Capital Management increased its Perdoceo Education position by 19.1% in the third quarter, bringing its holdings to 2.11 million shares valued at approximately $65.2 million. Institutional investors collectively own 93.46% of PRDO.
• Analyst sentiment remains favorable, with two Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and an average price target of $44.00.
• Perdoceo reported quarterly EPS of $0.80 on $213.35 million in revenue, while raising its quarterly dividend from $0.15 to $0.17 per share. The stock recently traded at $33.76, with a market capitalization of about $2.11 billion.

Copeland Capital Management LLC lifted its position in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 19.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,108,420 shares of the company's stock after buying an additional 338,556 shares during the period. Perdoceo Education makes up about 1.5% of Copeland Capital Management LLC's holdings, making the stock its 13th biggest holding. Copeland Capital Management LLC owned 3.37% of Perdoceo Education worth $65,235,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Perdoceo Education during the second quarter worth about $294,217,000. Dimensional Fund Advisors LP raised its holdings in shares of Perdoceo Education by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,907,383 shares of the company's stock worth $145,395,000 after purchasing an additional 108,727 shares during the period. First Trust Advisors LP lifted its stake in shares of Perdoceo Education by 2.2% in the 1st quarter. First Trust Advisors LP now owns 2,970,195 shares of the company's stock valued at $110,521,000 after purchasing an additional 64,399 shares in the last quarter. Callodine Capital Management LP lifted its stake in shares of Perdoceo Education by 36.6% in the 1st quarter. Callodine Capital Management LP now owns 1,316,540 shares of the company's stock valued at $48,988,000 after purchasing an additional 352,850 shares in the last quarter. Finally, Clifford Capital Partners LLC lifted its stake in shares of Perdoceo Education by 19.1% in the 4th quarter. Clifford Capital Partners LLC now owns 653,257 shares of the company's stock valued at $19,160,000 after purchasing an additional 104,876 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PRDO has been the subject of a number of research analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of Perdoceo Education in a research report on Friday, July 17th. Wall Street Zen cut shares of Perdoceo Education from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Perdoceo Education presently has a consensus rating of "Moderate Buy" and an average price target of $44.00.

Insider Activity at Perdoceo Education

In other news, CEO Todd S. 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 value of $1,519,485.11. Following the transaction, 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 filing with the SEC, which can be accessed through the SEC website. Also, Chairman Gregory L. Jackson sold 11,271 shares of the firm's 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 owned 64,949 shares in the company, valued at approximately $2,064,079.22. The trade was a 14.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.46% of the stock is currently owned by company insiders.

Perdoceo Education Price Performance

PRDO opened at $33.76 on Wednesday. The stock has a market capitalization of $2.11 billion, a PE ratio of 11.47, a P/E/G ratio of 0.72 and a beta of 0.73. Perdoceo Education Corporation has a 12-month low of $26.66 and a 12-month high of $38.50. The firm's fifty day moving average price is $32.51 and its 200 day moving average price is $33.56.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The company had revenue of $213.35 million during the quarter, compared to the consensus estimate of $212.50 million. Perdoceo Education had a net margin of 20.62% and a return on equity of 18.93%. The company's revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 EPS. 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. On average, equities research analysts forecast that Perdoceo Education Corporation will post 3.13 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Tuesday, September 1st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend 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 payout ratio is 24.82%.

About Perdoceo Education

Perdoceo Education Corporation NASDAQ: PRDO is a postsecondary education company that provides career-focused academic programs primarily through online and campus-based institutions. Its schools serve students seeking associate, bachelor's, master's and doctoral degrees, as well as certificate and other professional education programs.

Perdoceo's principal institutions include Colorado Technical University and American InterContinental University. The company offers programs in areas such as business, information technology, healthcare, criminal justice and other career-oriented fields.

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