Perdoceo Education (NASDAQ:PRDO) Chairman Gregory Jackson Sells 16,561 Shares

Perdoceo Education Corporation (NASDAQ:PRDO) Chairman Gregory Jackson sold 16,561 shares of Perdoceo Education stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $33.51, for a total transaction of $554,959.11. Following the completion of the sale, the chairman owned 60,962 shares of the company’s stock, valued at approximately $2,042,836.62. The trade was a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Perdoceo Education Stock Up 0.8%

NASDAQ PRDO opened at $32.85 on Thursday. The company has a current ratio of 4.27, a quick ratio of 4.26 and a debt-to-equity ratio of 0.01. Perdoceo Education Corporation has a 1-year low of $20.55 and a 1-year high of $34.60. The company has a 50 day moving average of $30.88 and a 200-day moving average of $28.93. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.86 and a beta of 0.87.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings data 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 business had revenue of $209.58 million during the quarter, compared to the consensus estimate of $206.92 million. During the same period in the previous year, the business earned $0.60 earnings per share. 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. On average, equities research analysts expect that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.15 per share. This is an increase from Perdoceo Education’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, September 2nd. Perdoceo Education’s dividend payout ratio (DPR) is presently 22.51%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 5th. Barrington Research reaffirmed an “outperform” rating and set a $40.00 target price on shares of Perdoceo Education in a research note on Friday, August 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $40.00.

Hedge Funds Weigh In On Perdoceo Education

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in Perdoceo Education by 9.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 36,424 shares of the company’s stock valued at $951,000 after buying an additional 3,095 shares during the period. SG Americas Securities LLC acquired a new position in Perdoceo Education in the first quarter valued at $464,000. Principal Financial Group Inc. lifted its holdings in Perdoceo Education by 2.7% in the first quarter. Principal Financial Group Inc. now owns 327,431 shares of the company’s stock valued at $8,245,000 after buying an additional 8,468 shares during the period. Allianz Asset Management GmbH lifted its holdings in Perdoceo Education by 212.6% in the first quarter. Allianz Asset Management GmbH now owns 62,026 shares of the company’s stock valued at $1,562,000 after buying an additional 42,186 shares during the period. Finally, Calamos Advisors LLC acquired a new position in Perdoceo Education in the first quarter valued at $437,000. Institutional investors and hedge funds 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.