The Manufacturers Life Insurance Company Takes Position in Perdoceo Education Corporation $PRDO

Key Points

• The Manufacturers Life Insurance Company purchased 31,527 shares of Perdoceo Education, valued at approximately $1.0 million, while institutional investors collectively own 93.46% of the company.
• Perdoceo reported quarterly earnings of $0.80 per share and revenue of $213.35 million, slightly exceeding revenue expectations. Analysts maintain a “Moderate Buy” consensus rating with a $44 price target.
• The company raised its quarterly dividend to $0.17 per share, equivalent to a $0.68 annualized payout and a 2.0% yield; meanwhile, Chairman Gregory L. Jackson sold 11,271 shares.

The Manufacturers Life Insurance Company purchased a new stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 31,527 shares of the company's stock, valued at approximately $1,009,000. The Manufacturers Life Insurance Company owned about 0.05% of Perdoceo Education at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its holdings in shares of Perdoceo Education by 108.2% during the fourth quarter. Fifth Third Bancorp now owns 970 shares of the company's stock worth $28,000 after buying an additional 504 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Perdoceo Education by 34.6% during the 4th quarter. IFP Advisors Inc now owns 1,363 shares of the company's stock valued at $40,000 after acquiring an additional 350 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Perdoceo Education by 48.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,132 shares of the company's stock valued at $63,000 after acquiring an additional 699 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new stake in Perdoceo Education during the 4th quarter worth $69,000. Finally, Meeder Asset Management Inc. acquired a new position in Perdoceo Education in the 2nd quarter worth about $71,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

PRDO has been the subject of several research reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Perdoceo Education in a research report on Friday, July 17th. Wall Street Zen cut Perdoceo Education from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Perdoceo Education currently has an average rating of "Moderate Buy" and a consensus price target of $44.00.

Perdoceo Education Stock Performance

Shares of NASDAQ:PRDO opened at $33.20 on Friday. The firm has a market cap of $2.08 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 0.71 and a beta of 0.73. The firm's fifty day moving average is $32.91 and its 200-day moving average is $33.88. Perdoceo Education Corporation has a 52 week low of $26.66 and a 52 week high of $38.50.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The company had revenue of $213.35 million for the quarter, compared to analysts' expectations of $212.50 million. Perdoceo Education had a net margin of 20.62% and a return on equity of 18.93%. Perdoceo Education's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share. 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. Sell-side analysts forecast that Perdoceo Education Corporation will post 3.13 EPS for the current year.

Perdoceo Education Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Tuesday, September 1st will be given a $0.17 dividend. This is a boost from Perdoceo Education's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.68 annualized dividend and a dividend yield of 2.0%. Perdoceo Education's dividend payout ratio is 24.82%.

Insider Activity

In other news, Chairman Gregory L. Jackson sold 11,271 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $31.78, for a total value of $358,192.38. Following the transaction, the chairman directly owned 64,949 shares of the company's stock, valued at $2,064,079.22. The trade was a 14.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.46% of the stock is owned by corporate insiders.

Perdoceo Education Company 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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