Todd S. Nelson Sells 40,000 Shares of Perdoceo Education (NASDAQ:PRDO) Stock

Key Points

• Perdoceo Education CEO Todd Nelson sold 40,000 shares of stock for a total of $1,406,800, reducing his ownership by 7.09%.
• The company reported a 25.7% increase in revenue year-over-year and earnings per share of $0.67, surpassing analyst expectations.
• Perdoceo Education has recently increased its quarterly dividend from $0.13 to $0.15, reflecting a positive change in its financial health.

Perdoceo Education Corporation (NASDAQ:PRDO - Get Free Report) CEO Todd S. Nelson sold 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $35.17, for a total transaction of $1,406,800.00. Following the completion of the sale, the chief executive officer owned 524,047 shares in the company, valued at $18,430,732.99. The trade was a 7.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Perdoceo Education Stock Performance

Shares of NASDAQ:PRDO traded down $0.61 during trading hours on Friday, hitting $34.94. The stock had a trading volume of 1,676,317 shares, compared to its average volume of 608,278. The stock's fifty day simple moving average is $31.51 and its 200 day simple moving average is $29.67. Perdoceo Education Corporation has a 1-year low of $20.55 and a 1-year high of $35.90. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 0.93 and a beta of 0.91. 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 announced its quarterly earnings results on Thursday, July 31st. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The company had revenue of $209.58 million for the quarter, compared to analyst estimates of $206.92 million. During the same quarter last year, the business earned $0.60 earnings per share. Perdoceo Education's revenue was up 25.7% compared to the same quarter last year. 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 anticipate that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

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

Institutional Investors Weigh In On Perdoceo Education

Hedge funds have recently made changes to their positions in the company. IFP Advisors Inc purchased a new stake in shares of Perdoceo Education in the 1st quarter valued at approximately $25,000. Planned Solutions Inc. purchased a new stake in Perdoceo Education in the 2nd quarter worth approximately $201,000. Jefferies Financial Group Inc. purchased a new stake in Perdoceo Education in the 1st quarter worth approximately $206,000. EMC Capital Management purchased a new stake in Perdoceo Education in the 2nd quarter worth approximately $208,000. Finally, Point72 Asset Management L.P. lifted its position in Perdoceo Education by 31.7% in the 4th quarter. Point72 Asset Management L.P. now owns 7,900 shares of the company's stock worth $209,000 after buying an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an "outperform" rating and issued a $40.00 price objective on shares of Perdoceo Education in a report on Friday, August 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average 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.