Perdoceo Education (NASDAQ:PRDO) SVP Greg E. Jansen Sells 30,234 Shares

Key Points

• Perdoceo Education's Senior Vice President, Greg Jansen, sold 30,234 shares at an average price of $33.00, marking a 23.90% decrease in his position, bringing his total ownership to approximately $3.17 million.
• The company announced a quarterly dividend increase from $0.13 to $0.15, resulting in a yield of 1.8%, with a payout ratio of 22.51%.
• Perdoceo Education reported earnings per share (EPS) of $0.67 for the last quarter, beating analyst estimates and reflecting a 25.7% increase in revenue compared to the previous year.

Perdoceo Education Corporation (NASDAQ:PRDO - Get Free Report) SVP Greg E. Jansen sold 30,234 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $33.00, for a total transaction of $997,722.00. Following the sale, the senior vice president directly owned 96,279 shares of the company's stock, valued at approximately $3,177,207. This represents a 23.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Perdoceo Education Price Performance

NASDAQ PRDO traded down $0.11 during trading hours on Friday, hitting $32.74. 520,602 shares of the company's stock traded hands, compared to its average volume of 790,282. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.27 and a quick ratio of 4.26. The firm's 50-day moving average is $30.90 and its 200-day moving average is $29.00. The company has a market capitalization of $2.13 billion, a PE ratio of 14.17, a PEG ratio of 0.87 and a beta of 0.87. 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 posted 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 business had revenue of $209.58 million during the quarter, compared to analyst estimates of $206.92 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The business's revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the business 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. Equities analysts forecast that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The business also recently disclosed 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 represents a $0.60 dividend on an annualized basis and a yield of 1.8%. This is an increase from Perdoceo Education's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, September 2nd. Perdoceo Education's dividend payout ratio is presently 22.51%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PRDO. Castlekeep Investment Advisors LLC acquired a new position in Perdoceo Education during the fourth quarter worth $47,129,000. Nuveen LLC acquired a new position in Perdoceo Education during the first quarter worth $18,758,000. Goldman Sachs Group Inc. lifted its stake in Perdoceo Education by 49.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company's stock worth $38,964,000 after purchasing an additional 513,599 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Perdoceo Education by 110.8% during the second quarter. Acadian Asset Management LLC now owns 923,698 shares of the company's stock worth $30,173,000 after purchasing an additional 485,571 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Perdoceo Education by 48.9% during the first quarter. Millennium Management LLC now owns 1,297,465 shares of the company's stock worth $32,670,000 after purchasing an additional 425,893 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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