Revisor Wealth Management LLC Takes Position in Perdoceo Education Corporation $PRDO

Key Points

• Revisor Wealth Management LLC has acquired a new stake in Perdoceo Education Corporation, purchasing 7,337 shares valued at approximately $240,000.
• Several significant institutional investors, including Goldman Sachs Group Inc. and American Century Companies Inc., have increased their holdings in Perdoceo Education, demonstrating strong interest in the company.
• Perdoceo Education recently raised its quarterly dividend from $0.13 to $0.15 per share, reflecting a commitment to shareholder returns amid positive quarterly earnings.

Revisor Wealth Management LLC bought a new stake in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,337 shares of the company's stock, valued at approximately $240,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. LSV Asset Management raised its holdings in shares of Perdoceo Education by 1.5% in the first quarter. LSV Asset Management now owns 1,874,274 shares of the company's stock valued at $47,194,000 after purchasing an additional 26,969 shares during the last quarter. American Century Companies Inc. grew its position in Perdoceo Education by 10.2% during the first quarter. American Century Companies Inc. now owns 1,792,952 shares of the company's stock valued at $45,147,000 after buying an additional 165,762 shares during the period. Goldman Sachs Group Inc. grew its position in Perdoceo Education by 49.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company's stock valued at $38,964,000 after buying an additional 513,599 shares during the period. Millennium Management LLC grew its position in Perdoceo Education by 48.9% during the first quarter. Millennium Management LLC now owns 1,297,465 shares of the company's stock valued at $32,670,000 after buying an additional 425,893 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Perdoceo Education by 58.9% during the first quarter. Bank of New York Mellon Corp now owns 1,088,105 shares of the company's stock valued at $27,398,000 after buying an additional 403,157 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, SVP Greg E. Jansen sold 30,234 shares of Perdoceo Education stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $33.00, for a total transaction of $997,722.00. Following the completion of the sale, the senior vice president directly owned 96,279 shares in the company, valued at $3,177,207. The trade was a 23.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Todd S. Nelson sold 40,000 shares of Perdoceo Education stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $35.17, for a total transaction of $1,406,800.00. Following the sale, the chief executive officer owned 524,047 shares of the company's stock, valued at approximately $18,430,732.99. The trade was a 7.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 205,656 shares of company stock valued at $6,871,148 over the last quarter. Company insiders own 2.11% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research increased their price target on shares of Perdoceo Education from $40.00 to $42.00 and gave the company an "outperform" rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $42.00.

Perdoceo Education Trading Down 0.6%

Shares of Perdoceo Education stock opened at $35.68 on Wednesday. Perdoceo Education Corporation has a 12-month low of $20.55 and a 12-month high of $36.02. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 0.95 and a beta of 0.91. The company has a current ratio of 4.27, a quick ratio of 4.26 and a debt-to-equity ratio of 0.01. The company's 50-day moving average price is $31.88 and its 200-day moving average price is $29.91.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The firm had revenue of $209.58 million for the quarter, compared to the consensus estimate of $206.92 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The company's revenue for the quarter 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 announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, September 2nd. This is a boost from Perdoceo Education's previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.7%. Perdoceo Education's dividend payout ratio (DPR) is presently 25.97%.

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.

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