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

Other large investors also recently modified their holdings of the company. IFP Advisors Inc bought a new position in shares of Perdoceo Education in the 1st quarter worth about $25,000. Quarry LP lifted its position in shares of Perdoceo Education by 223.6% in the 4th quarter. Quarry LP now owns 1,793 shares of the company's stock worth $47,000 after buying an additional 1,239 shares during the last quarter. New Vernon Capital Holdings II LLC bought a new position in shares of Perdoceo Education in the 4th quarter worth about $127,000. Point72 Asset Management L.P. lifted its position in shares of Perdoceo Education by 31.7% in the 4th quarter. Point72 Asset Management L.P. now owns 7,900 shares of the company's stock worth $209,000 after buying an additional 1,900 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of Perdoceo Education in the 1st quarter worth about $206,000. 93.46% of the stock is currently owned by institutional investors.

Perdoceo Education Price Performance

Shares of PRDO traded up $0.61 during mid-day trading on Tuesday, hitting $32.48. The company's stock had a trading volume of 530,637 shares, compared to its average volume of 613,340. The firm has a 50-day moving average price of $30.76 and a 200 day moving average price of $28.73. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 0.84 and a beta of 0.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.27 and a quick ratio of 4.26. Perdoceo Education Corporation has a fifty-two week low of $20.55 and a fifty-two week high of $34.60.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $209.58 million for the quarter, compared to analysts' expectations of $206.92 million. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The business's revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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, research analysts predict that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.15 per share. This is an increase 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 is 22.51%.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, Director William Dean Hansen sold 5,994 shares of Perdoceo Education stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $31.56, for a total value of $189,170.64. Following the completion of the sale, the director directly owned 44,171 shares in the company, valued at $1,394,036.76. The trade was a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David C. Czeszewski sold 30,892 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $31.66, for a total transaction of $978,040.72. Following the completion of the sale, the senior vice president owned 92,129 shares of the company's stock, valued at $2,916,804.14. The trade was a 25.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 180,517 shares of company stock valued at $5,658,207 in the last 90 days. Corporate insiders own 2.11% of the company's stock.

Analyst Upgrades and Downgrades

PRDO has been the topic of several recent research reports. Barrington Research reiterated an "outperform" rating and issued a $40.00 price objective 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 report on Monday, May 5th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price 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.