Dimensional Fund Advisors LP Reduces Stake in Perdoceo Education Corporation $PRDO

Key Points

• Dimensional Fund Advisors LP reduced its stake in Perdoceo Education Corporation by 6.0% during the 1st quarter, owning 4,610,868 shares valued at approximately $116 million afterward.
• Perdoceo Education recently announced a quarterly dividend increase from $0.13 to $0.15, providing a 1.8% yield at an annual rate of $0.60.
• Analyst ratings for Perdoceo saw a downgrade from "strong-buy" to "buy", while Barrington Research set a price target of $40.00.

Dimensional Fund Advisors LP decreased its position in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,610,868 shares of the company's stock after selling 296,837 shares during the quarter. Dimensional Fund Advisors LP owned approximately 7.04% of Perdoceo Education worth $116,102,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. LSV Asset Management grew its position in shares of Perdoceo Education by 1.5% during 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 bought a new position in shares of Perdoceo Education during the 4th quarter worth $47,129,000. Frontier Capital Management Co. LLC grew its position in shares of 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 worth $46,042,000 after buying an additional 85,100 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of 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 worth $27,398,000 after buying an additional 403,157 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Perdoceo Education by 3.5% during the 4th quarter. Northern Trust Corp now owns 912,898 shares of the company's stock worth $24,164,000 after buying an additional 30,881 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Perdoceo Education Stock Performance

PRDO stock traded down $0.07 during trading on Thursday, hitting $32.79. 64,184 shares of the company traded hands, compared to its average volume of 609,447. The stock's 50-day simple moving average is $30.88 and its 200 day simple moving average is $28.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.27 and a quick ratio of 4.26. The company has a market cap of $2.13 billion, a PE ratio of 14.18, a P/E/G ratio of 0.86 and a beta of 0.87. Perdoceo Education Corporation has a 1 year low of $20.55 and a 1 year high of $34.60.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.67 earnings per share for the quarter, beating 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 company had revenue of $209.58 million during the quarter, compared to analysts' expectations of $206.92 million. During the same period last year, the business earned $0.60 earnings per share. Perdoceo Education's quarterly revenue was up 25.7% on a year-over-year basis. 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 analysts expect that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.8%. 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. Perdoceo Education's dividend payout ratio is presently 22.51%.

Insider Activity at Perdoceo Education

In other news, SVP David C. Czeszewski sold 30,892 shares of the company'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 transaction, the senior vice president owned 92,129 shares of the company's stock, valued at $2,916,804.14. This represents a 25.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Greg E. Jansen sold 30,234 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $33.00, for a total value of $997,722.00. Following the completion of the transaction, the senior vice president directly owned 96,279 shares in the company, valued at approximately $3,177,207. This trade represents a 23.90% 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 valued at $6,760,254 in the last three months. Company insiders own 2.11% of the company's stock.

Analyst Upgrades and Downgrades

PRDO has been the topic of a number of recent research reports. Wall Street Zen downgraded Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th. Barrington Research reissued an "outperform" rating and issued 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 has an average rating of "Buy" and a consensus price target of $40.00.

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.