Vanguard Group Inc. Has $115.72 Million Stock Holdings in Perdoceo Education Corporation $PRDO

Key Points

• The Vanguard Group Inc. reduced its holdings in Perdoceo Education Corporation by 4.7%, selling 224,688 shares, while still retaining a 7.01% stake valued at approximately $115.7 million.
• Perdoceo Education announced a quarterly dividend increase from $0.13 to $0.15 per share, representing an annualized dividend of $0.60 and a yield of 1.8%.
• Analysts maintain a consensus "Buy" rating for Perdoceo Education, with prices targets averaging around $40.00, reflecting positive outlook and projected earnings growth.

Vanguard Group Inc. trimmed its position in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 4.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,595,658 shares of the company's stock after selling 224,688 shares during the period. Vanguard Group Inc. owned about 7.01% of Perdoceo Education worth $115,719,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PRDO. IFP Advisors Inc bought a new position in Perdoceo Education in the 1st quarter valued at $25,000. Quarry LP boosted 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 purchasing 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 $127,000. Jefferies Financial Group Inc. bought a new position in shares of Perdoceo Education in the 1st quarter worth $206,000. Finally, Point72 Asset Management L.P. boosted 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 purchasing an additional 1,900 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PRDO shares. Barrington Research restated an "outperform" rating and issued a $40.00 price target on shares of Perdoceo Education in a research report on Friday, August 1st. Wall Street Zen lowered 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, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $40.00.

Insiders Place Their Bets

In related news, SVP David C. Czeszewski sold 30,892 shares of Perdoceo Education stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $31.66, for a total value of $978,040.72. Following the sale, the senior vice president owned 92,129 shares of the company's stock, valued at approximately $2,916,804.14. The trade was a 25.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Greg E. Jansen sold 30,234 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $33.00, for a total value of $997,722.00. Following the transaction, the senior vice president directly owned 96,279 shares in the company, valued at approximately $3,177,207. This trade represents a 23.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 212,584 shares of company stock valued at $6,760,254 in the last quarter. 2.11% of the stock is currently owned by corporate insiders.

Perdoceo Education Trading Up 0.8%

Perdoceo Education stock traded up $0.25 during mid-day trading on Wednesday, hitting $32.85. 588,449 shares of the company's stock were exchanged, compared to its average volume of 808,734. The firm has a market capitalization of $2.13 billion, a P/E ratio of 14.22, a PEG ratio of 0.86 and a beta of 0.87. Perdoceo Education Corporation has a fifty-two week low of $20.55 and a fifty-two week high of $34.60. The company has a quick ratio of 4.26, a current ratio of 4.27 and a debt-to-equity ratio of 0.01. The company's 50 day simple moving average is $30.88 and its 200-day simple moving average is $28.93.

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

Perdoceo Education Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be given a $0.15 dividend. This is an increase from Perdoceo Education's previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Perdoceo Education's dividend payout ratio (DPR) is presently 22.51%.

Perdoceo Education 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.