Perdoceo Education (NASDAQ:PRDO) Hits New 12-Month High - What's Next?

Key Points

• Perdoceo Education Corporation's stock reached a new 52-week high of $35.95, closing at $35.88 with significant trading volume of 603,513 shares.
• Analysts have set a price target of $40.00 for Perdoceo, maintaining a consensus rating of "Buy."
• The company recently declared a dividend increase to $0.15 per share, marking an annualized yield of 1.7% and reflecting strong financial performance with a net margin of 20.09%.

Perdoceo Education Corporation (NASDAQ:PRDO - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $35.95 and last traded at $35.88, with a volume of 603513 shares. The stock had previously closed at $34.94.

Analysts Set New Price Targets

Separately, Barrington Research restated an "outperform" rating and issued a $40.00 target price on shares of Perdoceo Education in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $40.00.

Perdoceo Education Stock Performance

The firm's 50 day simple moving average is $31.75 and its 200-day simple moving average is $29.87. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 0.92 and a beta of 0.91.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.67 earnings per share (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 the consensus estimate of $206.92 million. During the same period in the previous year, the business earned $0.60 EPS. The company's revenue was up 25.7% on a year-over-year basis. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. Analysts expect that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Increases Dividend

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

Insiders Place Their Bets

In other news, Chairman Gregory L. Jackson sold 16,561 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $33.51, for a total value of $554,959.11. Following the transaction, the chairman directly owned 60,962 shares of the company's stock, valued at approximately $2,042,836.62. This represents a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ashish R. Ghia sold 53,081 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $30.70, for a total transaction of $1,629,586.70. Following the completion of the transaction, the chief financial officer directly owned 157,632 shares in the company, valued at $4,839,302.40. This trade represents a 25.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 205,656 shares of company stock valued at $6,871,148 in the last three months. Company insiders own 2.11% of the company's stock.

Hedge Funds Weigh In On Perdoceo Education

Hedge funds have recently modified their holdings of the stock. IFP Advisors Inc acquired a new position in shares of Perdoceo Education in the first quarter worth $25,000. Planned Solutions Inc. acquired a new position in shares of Perdoceo Education in the second quarter worth $201,000. EMC Capital Management bought a new stake in Perdoceo Education in the second quarter worth $208,000. NDVR Inc. acquired a new position in Perdoceo Education during the second quarter worth $210,000. Finally, Contravisory Investment Management Inc. bought a new position in Perdoceo Education during the second quarter valued at about $227,000. 93.46% of the stock is owned by institutional investors and hedge funds.

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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