Perdoceo Education Corporation $PRDO Shares Bought by Versor Investments LP

Key Points

• Versor Investments LP increased its stake in Perdoceo Education Corporation by 422.6%, owning 43,776 shares worth approximately $1.1 million at the end of the first quarter.
• Perdoceo Education reported a quarterly earnings of $0.67 EPS, surpassing analyst expectations, and has announced an increase in its quarterly dividend from $0.13 to $0.15 per share.
• Institutional investors own 93.46% of Perdoceo Education's stock, indicating significant institutional interest in the company.

Versor Investments LP increased its stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 422.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,776 shares of the company's stock after buying an additional 35,400 shares during the period. Versor Investments LP owned about 0.07% of Perdoceo Education worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc purchased a new stake in Perdoceo Education during the first quarter worth about $25,000. Quarry LP boosted its holdings in Perdoceo Education by 223.6% during the fourth quarter. Quarry LP now owns 1,793 shares of the company's stock worth $47,000 after buying an additional 1,239 shares in the last quarter. New Vernon Capital Holdings II LLC purchased a new stake in Perdoceo Education during the fourth quarter worth about $127,000. Point72 Asset Management L.P. boosted its holdings in Perdoceo Education by 31.7% during the fourth 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 in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in Perdoceo Education during the first quarter worth about $206,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Perdoceo Education Trading Up 1.8%

Shares of NASDAQ:PRDO traded up $0.58 during trading on Friday, reaching $33.37. The stock had a trading volume of 852,638 shares, compared to its average volume of 800,683. The business has a fifty day moving average price of $30.83 and a 200-day moving average price of $28.84. 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 stock has a market cap of $2.17 billion, a P/E ratio of 14.45, a PEG ratio of 0.87 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.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.02. The business had revenue of $209.58 million during the quarter, compared to analyst estimates of $206.92 million. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The company's revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. As a group, analysts anticipate that Perdoceo Education Corporation will post 2.41 earnings per share 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. Shareholders of record on Tuesday, September 2nd will be paid 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 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Perdoceo Education's payout ratio is 25.97%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PRDO shares. Wall Street Zen downgraded shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th. Barrington Research reaffirmed an "outperform" rating and issued a $40.00 price target on shares of Perdoceo Education in a report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Perdoceo Education currently has a consensus rating of "Buy" and an average target price of $40.00.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, SVP Julia A. Leeman sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $32.07, for a total transaction of $160,350.00. Following the transaction, the senior vice president owned 29,677 shares of the company's stock, valued at $951,741.39. This trade represents a 14.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ashish R. Ghia sold 53,081 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $30.70, for a total transaction of $1,629,586.70. Following the transaction, the chief financial officer directly owned 157,632 shares in the company, valued at approximately $4,839,302.40. This represents a 25.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 166,221 shares of company stock valued at $5,219,463 over the last 90 days. 2.11% of the stock is currently owned by insiders.

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.