Vest Financial LLC Grows Stake in Perdoceo Education Corporation $PRDO

Key Points

• Vest Financial LLC increased its stake in Perdoceo Education Corporation (NASDAQ:PRDO) by 17.7%, holding a total of 158,622 shares valued at approximately $5.18 million.
• Perdoceo Education reported an earnings per share (EPS) of $0.67 for the most recent quarter, exceeding analysts' expectations of $0.65, with revenue rising by 25.7% year-over-year.
• The company recently declared a quarterly dividend of $0.15, representing an increase from the previous dividend of $0.13, with an annualized yield of 1.7%.

Vest Financial LLC raised its stake in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 17.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,622 shares of the company's stock after purchasing an additional 23,818 shares during the quarter. Vest Financial LLC owned about 0.24% of Perdoceo Education worth $5,185,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PRDO. GAMMA Investing LLC raised its position in Perdoceo Education by 5,773.0% in the first quarter. GAMMA Investing LLC now owns 22,435 shares of the company's stock valued at $565,000 after purchasing an additional 22,053 shares during the period. SG Americas Securities LLC purchased a new position in Perdoceo Education in the first quarter valued at about $464,000. Allspring Global Investments Holdings LLC raised its position in Perdoceo Education by 9.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 36,424 shares of the company's stock valued at $951,000 after purchasing an additional 3,095 shares during the period. Principal Financial Group Inc. raised its position in Perdoceo Education by 2.7% in the first quarter. Principal Financial Group Inc. now owns 327,431 shares of the company's stock valued at $8,245,000 after purchasing an additional 8,468 shares during the period. Finally, Calamos Advisors LLC purchased a new position in Perdoceo Education in the first quarter valued at about $437,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Perdoceo Education Stock Down 0.3%

NASDAQ:PRDO opened at $34.50 on Tuesday. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 0.92 and a beta of 0.88. Perdoceo Education Corporation has a one year low of $20.55 and a one year high of $38.02. The stock has a 50-day simple moving average of $33.90 and a 200 day simple moving average of $31.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. The business had revenue of $209.58 million during 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 company's revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period last year, the firm earned $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. Sell-side analysts predict that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, September 2nd. Perdoceo Education's payout ratio is 25.97%.

Insiders Place Their Bets

In related news, SVP Elise Baskel sold 21,212 shares of Perdoceo Education stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $35.00, for a total value of $742,420.00. Following the completion of the transaction, the senior vice president directly owned 72,142 shares in the company, valued at approximately $2,524,970. This trade represents a 22.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ashish R. Ghia sold 53,081 shares of Perdoceo Education stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $30.70, for a total value of $1,629,586.70. Following the completion of the transaction, the chief financial officer owned 157,632 shares of the company's stock, valued at $4,839,302.40. This trade represents a 25.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 205,656 shares of company stock valued at $6,871,148. 2.11% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barrington Research raised their target price on Perdoceo Education from $40.00 to $42.00 and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. Weiss Ratings restated a "buy (b)" rating on shares of Perdoceo Education in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $42.00.

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.

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