Perdoceo Education Corporation $PRDO Stock Holdings Raised by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO) by 2.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 17,037 shares of the company’s stock after buying an additional 361 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Perdoceo Education were worth $557,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC lifted its holdings in Perdoceo Education by 4.7% during the 1st quarter. AlphaQuest LLC now owns 8,976 shares of the company’s stock worth $226,000 after buying an additional 399 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in Perdoceo Education by 1.4% during the first quarter. SummerHaven Investment Management LLC now owns 36,624 shares of the company’s stock worth $922,000 after purchasing an additional 500 shares during the last quarter. IFP Advisors Inc bought a new position in Perdoceo Education during the first quarter worth $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Perdoceo Education by 2.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,278 shares of the company’s stock worth $1,417,000 after purchasing an additional 1,235 shares during the period. Finally, Comerica Bank increased its stake in Perdoceo Education by 4.4% during the first quarter. Comerica Bank now owns 39,029 shares of the company’s stock valued at $983,000 after purchasing an additional 1,634 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO opened at $36.60 on Monday. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 0.97 and a beta of 0.88. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.27 and a quick ratio of 4.26. Perdoceo Education Corporation has a 12 month low of $20.55 and a 12 month high of $38.02. The stock’s 50 day moving average price is $33.15 and its 200 day moving average price is $30.63.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly 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 return on equity of 17.13% and a net margin of 20.09%.The company had revenue of $209.58 million for the quarter, compared to analysts’ expectations of $206.92 million. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

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

Insider Transactions at Perdoceo Education

In related news, Chairman Gregory L. Jackson sold 16,561 shares of the firm’s 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 transaction, the chairman owned 60,962 shares of the company’s stock, valued at approximately $2,042,836.62. This trade represents a 21.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Elise Baskel sold 21,212 shares of Perdoceo Education stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $35.00, for a total transaction of $742,420.00. Following the completion of the sale, the senior vice president owned 72,142 shares of the company’s stock, valued at $2,524,970. This trade represents a 22.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 205,656 shares of company stock worth $6,871,148. 2.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a research report on Saturday, September 27th. Barrington Research raised their target price on shares of Perdoceo Education from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $42.00.

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.