Quantbot Technologies LP Invests $1.72 Million in Perdoceo Education Corporation $PRDO

Quantbot Technologies LP bought a new stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 53,760 shares of the company's stock, valued at approximately $1,720,000. Quantbot Technologies LP owned about 0.09% of Perdoceo Education at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PRDO. EP Wealth Advisors LLC purchased a new stake in Perdoceo Education during the second quarter worth about $205,000. Virtus Advisers LLC purchased a new position in Perdoceo Education in the second quarter valued at about $622,000. Meeder Asset Management Inc. bought a new position in shares of Perdoceo Education during the 2nd quarter valued at approximately $71,000. BlackRock Inc. purchased a new stake in Perdoceo Education in the second quarter worth $294,217,000. Finally, Deutsche Bank AG bought a new stake in shares of Perdoceo Education in the second quarter valued at $2,270,000. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PRDO has been the subject of several research reports. Barrington Research set a $44.00 price target on Perdoceo Education in a research note on Friday, May 8th. Wall Street Zen cut shares of Perdoceo Education from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Perdoceo Education in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Perdoceo Education currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.00.

Insider Buying and Selling at Perdoceo Education

In other news, Director Kenda B. Gonzales sold 9,308 shares of the company's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $34.79, for a total transaction of $323,825.32. Following the completion of the transaction, the director directly owned 48,158 shares of the company's stock, valued at approximately $1,675,416.82. This represents a 16.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Gregory L. Jackson sold 11,271 shares of the 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 sale, the chairman owned 64,949 shares of the company's stock, valued at approximately $2,064,079.22. This represents a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.46% of the company's stock.

Perdoceo Education Stock Down 0.0%

PRDO opened at $33.01 on Tuesday. The business's fifty day simple moving average is $32.77 and its 200 day simple moving average is $33.76. Perdoceo Education Corporation has a 52 week low of $26.66 and a 52 week high of $38.50. The stock has a market cap of $2.07 billion, a PE ratio of 12.05, a P/E/G ratio of 0.70 and a beta of 0.71.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.80. The firm had revenue of $213.35 million during the quarter, compared to analysts' expectations of $212.50 million. Perdoceo Education had a return on equity of 18.93% and a net margin of 20.62%.The company's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business 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. As a group, equities analysts anticipate that Perdoceo Education Corporation will post 3.13 earnings per share for the current year.

Perdoceo Education Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Tuesday, September 1st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 2.1%. Perdoceo Education's payout ratio is presently 21.90%.

Perdoceo Education Profile

Perdoceo Education Corporation NASDAQ: PRDO is a for-profit postsecondary education provider offering certificate, associate, bachelor's and master's degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.

With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.

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