Perdoceo Education (NASDAQ:PRDO) Sets New 1-Year High - Still a Buy?

Key Points

• Perdoceo Education Corporation (NASDAQ:PRDO) reached a new 52-week high of $37.33, with analysts maintaining a Buy rating and an average price target of $42.00.
• The company reported a 25.7% year-over-year revenue increase for the last quarter, exceeding expectations with earnings per share of $0.67.
• Perdoceo has recently increased its quarterly dividend to $0.15 per share, representing a 1.6% yield, up from $0.13 per share previously.

Perdoceo Education Corporation (NASDAQ:PRDO - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $37.33 and last traded at $37.25, with a volume of 28359 shares changing hands. The stock had previously closed at $37.00.

Analysts Set New Price Targets

Separately, Barrington Research lifted their price objective on Perdoceo Education from $40.00 to $42.00 and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Perdoceo Education has an average rating of "Buy" and an average price target of $42.00.

Perdoceo Education Stock Performance

The stock has a market cap of $2.44 billion, a PE ratio of 16.25, a P/E/G ratio of 0.98 and a beta of 0.91. The company has a fifty day moving average price of $32.30 and a 200 day moving average price of $30.19. The company has a quick ratio of 4.26, a current ratio of 4.27 and a debt-to-equity ratio of 0.01.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The firm had revenue of $209.58 million for the quarter, compared to the consensus estimate of $206.92 million. During the same quarter in the previous year, the business earned $0.60 earnings per share. The company's quarterly 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 earnings per share for the current year.

Perdoceo Education Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 1.6%. This is a boost from Perdoceo Education's previous quarterly dividend of $0.13. Perdoceo Education's dividend payout ratio (DPR) is presently 25.97%.

Insider Activity at Perdoceo Education

In related news, CFO Ashish R. Ghia sold 53,081 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer owned 157,632 shares in the company, valued at $4,839,302.40. The trade was a 25.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Todd S. Nelson sold 40,000 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $35.17, for a total value of $1,406,800.00. Following the transaction, the chief executive officer owned 524,047 shares in the company, valued at approximately $18,430,732.99. This represents a 7.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 205,656 shares of company stock worth $6,871,148 over the last 90 days. 2.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. IFP Advisors Inc purchased a new position in shares of Perdoceo Education during the 1st quarter worth approximately $25,000. Planned Solutions Inc. purchased a new position in shares of Perdoceo Education during the 2nd quarter worth approximately $201,000. EMC Capital Management purchased a new position in shares of Perdoceo Education during the 2nd quarter worth approximately $208,000. NDVR Inc. purchased a new position in shares of Perdoceo Education during the 2nd quarter worth approximately $210,000. Finally, Contravisory Investment Management Inc. purchased a new position in shares of Perdoceo Education during the 2nd quarter worth approximately $227,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.