Public Sector Pension Investment Board Boosts Stock Holdings in Perdoceo Education Corporation $PRDO

Key Points

• The Public Sector Pension Investment Board increased its stake in Perdoceo Education Corporation by 53.3%, acquiring an additional 82,028 shares, bringing its total ownership to about $5.94 million.
• Perdoceo Education recently announced a quarterly dividend increase to $0.15 per share, up from $0.13, representing a 1.9% yield.
• Analysts predict growth for Perdoceo, with Barrington Research setting a price target of $40.00 and estimating earnings per share of $2.41 for the current year.

Public Sector Pension Investment Board increased its holdings in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 53.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 235,944 shares of the company's stock after acquiring an additional 82,028 shares during the period. Public Sector Pension Investment Board owned approximately 0.36% of Perdoceo Education worth $5,941,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc acquired a new stake in shares of Perdoceo Education during the 1st quarter valued at about $25,000. Quarry LP increased its stake in Perdoceo Education by 223.6% during the fourth quarter. Quarry LP now owns 1,793 shares of the company's stock worth $47,000 after acquiring an additional 1,239 shares during the last quarter. New Vernon Capital Holdings II LLC acquired a new stake in Perdoceo Education during the fourth quarter worth $127,000. Jefferies Financial Group Inc. acquired a new stake in Perdoceo Education during the first quarter worth $206,000. Finally, Point72 Asset Management L.P. increased its stake in Perdoceo Education by 31.7% during the fourth quarter. Point72 Asset Management L.P. now owns 7,900 shares of the company's stock worth $209,000 after acquiring an additional 1,900 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Julia A. Leeman sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $32.07, for a total transaction of $160,350.00. Following the sale, the senior vice president owned 29,677 shares in the company, valued at approximately $951,741.39. This trade represents a 14.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Robert Kline sold 71,254 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $31.75, for a total transaction of $2,262,314.50. Following the sale, the senior vice president owned 75,868 shares in the company, valued at approximately $2,408,809. This trade represents a 48.43% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 180,517 shares of company stock valued at $5,658,207. Corporate insiders own 2.11% of the company's stock.

Analysts Set New Price Targets

PRDO has been the topic of a number of research analyst reports. Barrington Research reissued an "outperform" rating and issued a $40.00 target price on shares of Perdoceo Education in a research report on Friday, August 1st. Wall Street Zen downgraded shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $40.00.

Perdoceo Education Price Performance

PRDO traded up $0.45 on Thursday, hitting $32.79. 582,512 shares of the company were exchanged, compared to its average volume of 799,197. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27. The business's fifty day moving average is $30.80 and its 200 day moving average is $28.81. Perdoceo Education Corporation has a fifty-two week low of $20.55 and a fifty-two week high of $34.60. The firm has a market capitalization of $2.13 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 0.86 and a beta of 0.87.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The company had revenue of $209.58 million for the quarter, compared to analyst estimates of $206.92 million. During the same period in the prior year, the business posted $0.60 earnings per share. The firm's revenue for the quarter 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, sell-side analysts anticipate that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be given a $0.15 dividend. This is a boost from Perdoceo Education's previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, September 2nd. Perdoceo Education's dividend payout ratio (DPR) is currently 22.51%.

About Perdoceo Education

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.