Insider Selling: Perdoceo Education (NASDAQ:PRDO) SVP Sells 30,234 Shares of Stock

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 Jansen sold 30,234 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $33.00, for a total transaction of $997,722.00. Following the transaction, the senior vice president owned 96,279 shares in the company, valued at approximately $3,177,207. The trade was a 23.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Perdoceo Education Price Performance

NASDAQ PRDO traded down $0.31 on Monday, reaching $33.06. The company's stock had a trading volume of 576,318 shares, compared to its average volume of 813,851. The firm has a market cap of $2.15 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.88 and a beta of 0.87. The business has a 50-day moving average price of $30.83 and a 200 day moving average price of $28.84. Perdoceo Education Corporation has a 52 week low of $20.55 and a 52 week high of $34.60. 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 (NASDAQ:PRDO - Get Free Report) last released 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 firm had revenue of $209.58 million for 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 for the quarter was up 25.7% compared to the same quarter last year. During the same period in the previous 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. Sell-side analysts expect that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a boost from Perdoceo Education's previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.8%. Perdoceo Education's payout ratio is currently 22.51%.

Analyst Upgrades and Downgrades

PRDO has been the subject of several research reports. Wall Street Zen downgraded shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th. Barrington Research reiterated an "outperform" rating and issued 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.com, the stock has an average rating of "Buy" and a consensus target price of $40.00.

Hedge Funds Weigh In On Perdoceo Education

Several hedge funds have recently bought and sold shares of PRDO. IFP Advisors Inc bought a new stake in shares of Perdoceo Education during the 1st quarter valued at approximately $25,000. Quarry LP grew its holdings in shares of Perdoceo Education by 223.6% during the 4th quarter. Quarry LP now owns 1,793 shares of the company's stock valued at $47,000 after purchasing an additional 1,239 shares during the last quarter. Planned Solutions Inc. bought a new stake in shares of Perdoceo Education during the 2nd quarter valued at approximately $201,000. Jefferies Financial Group Inc. bought a new stake in shares of Perdoceo Education during the 1st quarter valued at approximately $206,000. Finally, EMC Capital Management bought a new stake in shares of Perdoceo Education during the 2nd quarter valued at approximately $208,000. 93.46% of the stock is owned by institutional investors.

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.

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