Perdoceo Education (NASDAQ:PRDO) Stock Price Down 4.2% – What’s Next?

Perdoceo Education Corporation (NASDAQ:PRDO) fell 4.2% during trading on Monday . The stock traded as low as $27.62 and last traded at $27.5750. 184,410 shares were traded during trading, a decline of 69% from the average session volume of 602,391 shares. The stock had previously closed at $28.79.

Analyst Upgrades and Downgrades

PRDO has been the subject of a number of research analyst reports. Wall Street Zen downgraded Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 12th. Barrington Research reaffirmed an “outperform” rating and issued a $42.00 price target on shares of Perdoceo Education in a research note on Wednesday, November 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Perdoceo Education in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $42.00.

Perdoceo Education Stock Up 0.1%

The stock has a 50 day moving average price of $33.82 and a 200 day moving average price of $32.41. 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 $1.80 billion, a P/E ratio of 12.10, a PEG ratio of 0.92 and a beta of 0.84.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $211.87 million during the quarter, compared to the consensus estimate of $207.02 million. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share. Perdoceo Education has set its Q4 2025 guidance at 0.530-0.550 EPS. FY 2025 guidance at 2.540-2.560 EPS. Equities research analysts forecast that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.60 annualized dividend and a yield of 2.1%. Perdoceo Education’s dividend payout ratio (DPR) is 25.64%.

Insider Activity

In other news, SVP Elise Baskel sold 21,212 shares of Perdoceo Education stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $35.00, for a total value of $742,420.00. Following the completion of the transaction, the senior vice president owned 72,142 shares in the company, valued at $2,524,970. This trade represents a 22.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Todd S. Nelson sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $35.17, for a total transaction of $1,406,800.00. Following the sale, the chief executive officer owned 524,047 shares in the company, valued at $18,430,732.99. The trade was a 7.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 101,212 shares of company stock valued at $3,540,420 in the last quarter. Corporate insiders own 2.11% of the company’s stock.

Institutional Investors Weigh In On Perdoceo Education

Several hedge funds have recently bought and sold shares of the stock. Allianz Asset Management GmbH raised its holdings in Perdoceo Education by 212.6% in the 1st quarter. Allianz Asset Management GmbH now owns 62,026 shares of the company’s stock worth $1,562,000 after purchasing an additional 42,186 shares in the last quarter. Acadian Asset Management LLC raised its stake in Perdoceo Education by 110.8% in the second quarter. Acadian Asset Management LLC now owns 923,698 shares of the company’s stock worth $30,173,000 after buying an additional 485,571 shares in the last quarter. Northern Trust Corp raised its stake in Perdoceo Education by 16.6% in the first quarter. Northern Trust Corp now owns 1,064,875 shares of the company’s stock worth $26,814,000 after buying an additional 151,977 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in Perdoceo Education in the first quarter worth about $206,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Perdoceo Education by 18.7% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 154,911 shares of the company’s stock valued at $3,901,000 after acquiring an additional 24,411 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

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.