Wellington Management Group LLP Decreases Stock Position in Perdoceo Education Corporation $PRDO

Key Points

• Wellington Management Group LLP has reduced its stake in Perdoceo Education Corporation by 2.6%, selling 17,927 shares, which brings its total ownership to 668,946 shares valued at approximately $16.8 million.
• In related insider transactions, SVP John Robert Kline sold 71,254 shares for over $2.26 million, representing a 48.43% decrease in his ownership of the stock.
• Perdoceo Education announced a quarterly dividend increase to $0.15 per share, reflecting an annual yield of 1.8%, and plans to pay this dividend to investors of record by September 2nd.

Wellington Management Group LLP lowered its position in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 668,946 shares of the company's stock after selling 17,927 shares during the period. Wellington Management Group LLP owned 1.02% of Perdoceo Education worth $16,844,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc bought a new position in Perdoceo Education in the first quarter worth approximately $25,000. Quarry LP boosted its holdings in Perdoceo Education by 223.6% in the fourth quarter. Quarry LP now owns 1,793 shares of the company's stock worth $47,000 after acquiring an additional 1,239 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Perdoceo Education in the first quarter worth approximately $206,000. Point72 Asset Management L.P. boosted its holdings in Perdoceo Education by 31.7% in the fourth quarter. Point72 Asset Management L.P. now owns 7,900 shares of the company's stock worth $209,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in Perdoceo Education in the first quarter worth approximately $267,000. Institutional investors own 93.46% of the company's stock.

Perdoceo Education Stock Performance

Shares of PRDO traded down $0.11 on Friday, reaching $32.74. 520,602 shares of the company's stock traded hands, compared to its average volume of 790,282. The company has a current ratio of 4.27, a quick ratio of 4.26 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.13 billion, a PE ratio of 14.17, a PEG ratio of 0.87 and a beta of 0.87. The stock's 50 day simple moving average is $30.89 and its two-hundred day simple moving average is $28.96. Perdoceo Education Corporation has a 52-week low of $20.55 and a 52-week high of $34.60.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.02. The company 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%.Perdoceo Education's revenue was up 25.7% on a year-over-year basis. During the same period last 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. On average, analysts forecast 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 will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change 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%. Perdoceo Education's dividend payout ratio (DPR) is 22.51%.

Insider Activity at Perdoceo Education

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

Wall Street Analyst Weigh In

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

About Perdoceo Education

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.