Perdoceo Education (NASDAQ:PRDO) CEO Todd Nelson Sells 40,000 Shares

Key Points

• Todd Nelson, CEO of Perdoceo Education, sold 40,000 shares at an average price of $34.78, totaling approximately $1.39 million, reducing his ownership by 6.21%.
• Perdoceo Education recently reported earnings of $0.67 per share, exceeding analysts’ expectations, and recorded a 25.7% increase in year-over-year revenue.
• The company announced an increase in its quarterly dividend from $0.13 to $0.15 per share, providing an annual yield of 1.7%.

Perdoceo Education Corporation (NASDAQ:PRDO - Get Free Report) CEO Todd Nelson sold 40,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $34.78, for a total transaction of $1,391,200.00. Following the completion of the sale, the chief executive officer owned 604,047 shares in the company, valued at $21,008,754.66. This represents a 6.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Perdoceo Education Stock Up 0.5%

Shares of PRDO stock traded up $0.19 on Wednesday, hitting $35.32. 450,779 shares of the stock were exchanged, compared to its average volume of 494,353. 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 firm has a market capitalization of $2.29 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 0.93 and a beta of 0.91. The business has a 50-day moving average of $31.28 and a 200 day moving average of $29.56. Perdoceo Education Corporation has a fifty-two week low of $20.55 and a fifty-two week high of $35.63.

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 for the quarter, beating analysts' consensus estimates of $0.65 by $0.02. The firm 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%.The business's revenue was up 25.7% compared to the same quarter last year. During the same period last year, the company 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 anticipate that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Increases Dividend

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

Hedge Funds Weigh In On Perdoceo Education

Several large investors have recently made changes to their positions in the business. IFP Advisors Inc purchased a new position in Perdoceo Education in the 1st quarter worth approximately $25,000. Planned Solutions Inc. bought a new stake in Perdoceo Education during the second quarter valued at approximately $201,000. Jefferies Financial Group Inc. bought a new stake in Perdoceo Education during the first quarter valued at approximately $206,000. EMC Capital Management bought a new stake in Perdoceo Education during the second quarter valued at approximately $208,000. Finally, Point72 Asset Management L.P. boosted its stake in shares of Perdoceo Education by 31.7% during the 4th 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 during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an "outperform" rating and set a $40.00 price target on shares of Perdoceo Education in a research report on Friday, August 1st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $40.00.

Perdoceo Education Company 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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