Perdoceo Education (NASDAQ:PRDO) Chairman Sells 11,271 Shares of Stock

Key Points

• Chairman Gregory Jackson sold 11,271 shares of Perdoceo Education at an average price of $31.78, reducing his ownership by 14.79% and retaining approximately 64,949 shares.
• Perdoceo reported quarterly EPS of $0.80, matching estimates, while revenue reached $213.35 million, up 1.8% year over year. The company issued Q3 and full-year 2026 EPS guidance of $0.730–$0.740 and $3.10–$3.16, respectively.
• The company increased its quarterly dividend to $0.17 per share, equivalent to a 2.2% annualized yield. Analysts maintain a “Moderate Buy” consensus with a $44 price target, compared with the stock’s recent price near $31.34.

Perdoceo Education Corporation (NASDAQ:PRDO - Get Free Report) Chairman Gregory Jackson sold 11,271 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $31.78, for a total value of $358,192.38. Following the transaction, the chairman owned 64,949 shares of the company's stock, valued at approximately $2,064,079.22. This trade represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Perdoceo Education Trading Up 0.3%

PRDO stock traded up $0.10 during mid-day trading on Wednesday, hitting $31.34. 839,481 shares of the company were exchanged, compared to its average volume of 650,051. The company has a market capitalization of $1.97 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.67 and a beta of 0.71. Perdoceo Education Corporation has a twelve month low of $26.66 and a twelve month high of $38.50. The firm has a fifty day simple moving average of $33.05 and a 200 day simple moving average of $33.73.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $213.35 million for the quarter, compared to analysts' expectations of $212.50 million. Perdoceo Education had a return on equity of 18.93% and a net margin of 20.62%.Perdoceo Education's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 earnings per share. Perdoceo Education has set its Q3 2026 guidance at 0.730-0.740 EPS and its FY 2026 guidance at 3.100-3.160 EPS. As a group, sell-side analysts anticipate that Perdoceo Education Corporation will post 3.13 earnings per share for the current year.

Perdoceo Education Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Tuesday, September 1st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Perdoceo Education's previous quarterly dividend of $0.15. Perdoceo Education's payout ratio is currently 24.82%.

Hedge Funds Weigh In On Perdoceo Education

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Perdoceo Education in the second quarter worth about $294,217,000. Vanguard Group Inc. raised its holdings in shares of Perdoceo Education by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 4,465,353 shares of the company's stock worth $130,969,000 after buying an additional 115,797 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Perdoceo Education by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,907,383 shares of the company's stock valued at $145,395,000 after acquiring an additional 108,727 shares during the period. First Trust Advisors LP increased its holdings in shares of Perdoceo Education by 2.2% during the first quarter. First Trust Advisors LP now owns 2,970,195 shares of the company's stock worth $110,521,000 after buying an additional 64,399 shares in the last quarter. Finally, State Street Corp increased its holdings in Perdoceo Education by 0.8% during the 4th quarter. State Street Corp now owns 2,411,020 shares of the company's stock valued at $70,715,000 after purchasing an additional 19,658 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PRDO shares. Wall Street Zen lowered shares of Perdoceo Education from a "buy" rating to a "hold" rating in a research note on Saturday. Barrington Research set a $44.00 price target on shares of Perdoceo Education in a research report on Friday, May 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of Perdoceo Education in a research report on Friday, July 17th. Finally, Zacks Research cut shares of Perdoceo Education from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $44.00.

About Perdoceo Education

Perdoceo Education Corporation NASDAQ: PRDO is a for-profit postsecondary education provider offering certificate, associate, bachelor's and master's degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.

With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.

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