Voya Investment Management LLC Purchases 27,048 Shares of Perdoceo Education Corporation $PRDO

Key Points

• Voya Investment Management LLC increased its stake in Perdoceo Education Corporation by 81.2%, acquiring an additional 27,048 shares during the first quarter, bringing its total ownership to approximately 60,368 shares valued at $1.52 million.
• CEO Todd S. Nelson recently sold 40,000 shares at an average price of $35.17, resulting in a 7.09% decrease in his ownership, while Chairman Gregory L. Jackson also sold 16,561 shares, marking a 21.36% reduction in his holdings.
• Perdoceo Education increased its quarterly dividend from $0.13 to $0.15 per share, representing an annualized dividend yield of 1.7% and a payout ratio of 25.97%.

Voya Investment Management LLC raised its holdings in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 81.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,368 shares of the company's stock after purchasing an additional 27,048 shares during the quarter. Voya Investment Management LLC owned approximately 0.09% of Perdoceo Education worth $1,520,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Strs Ohio acquired a new position in Perdoceo Education during the first quarter worth about $733,000. Acadian Asset Management LLC bought a new position in shares of Perdoceo Education in the 1st quarter worth $11,022,000. Intech Investment Management LLC raised its position in Perdoceo Education by 475.2% in the 1st quarter. Intech Investment Management LLC now owns 198,122 shares of the company's stock valued at $4,989,000 after buying an additional 163,677 shares during the last quarter. Jane Street Group LLC raised its position in Perdoceo Education by 117.5% in the 1st quarter. Jane Street Group LLC now owns 267,312 shares of the company's stock valued at $6,731,000 after buying an additional 144,395 shares during the last quarter. Finally, Caxton Associates LLP purchased a new stake in shares of Perdoceo Education during the 1st quarter valued at $656,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Activity

In other news, CEO Todd S. Nelson sold 40,000 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $35.17, for a total transaction of $1,406,800.00. Following the transaction, the chief executive officer directly owned 524,047 shares of the company's stock, valued at $18,430,732.99. This represents a 7.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Gregory L. Jackson sold 16,561 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $33.51, for a total value of $554,959.11. Following the transaction, the chairman directly owned 60,962 shares in the company, valued at approximately $2,042,836.62. The trade was a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 205,656 shares of company stock valued at $6,871,148. Corporate insiders own 2.11% of the company's stock.

Perdoceo Education Trading Up 2.7%

Perdoceo Education stock opened at $35.88 on Tuesday. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 0.92 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. Perdoceo Education Corporation has a 12 month low of $20.55 and a 12 month high of $35.95. The business's fifty day simple moving average is $31.75 and its two-hundred day simple moving average is $29.87.

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, beating analysts' consensus estimates of $0.65 by $0.02. The firm 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 company's quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the prior year, the company 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, equities analysts predict that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. 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 1.7%. Perdoceo Education's dividend payout ratio is currently 25.97%.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an "outperform" rating and set a $40.00 price target on shares of Perdoceo Education in a research note on Friday, August 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Perdoceo Education has a consensus rating of "Buy" and an average price target of $40.00.

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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