Pacer Advisors Inc. Sells 24,987 Shares of Perdoceo Education Corporation $PRDO

Pacer Advisors Inc. reduced its holdings in Perdoceo Education Corporation (NASDAQ:PRDO) by 9.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 242,792 shares of the company’s stock after selling 24,987 shares during the period. Pacer Advisors Inc.’s holdings in Perdoceo Education were worth $9,034,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PRDO. Salomon & Ludwin LLC lifted its stake in shares of Perdoceo Education by 72.6% in the 4th quarter. Salomon & Ludwin LLC now owns 811 shares of the company’s stock valued at $25,000 after purchasing an additional 341 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Perdoceo Education by 34.6% in the 4th quarter. IFP Advisors Inc now owns 1,363 shares of the company’s stock worth $40,000 after purchasing an additional 350 shares during the period. DGS Capital Management LLC increased its position in shares of Perdoceo Education by 0.9% during the 1st quarter. DGS Capital Management LLC now owns 47,534 shares of the company’s stock valued at $1,769,000 after purchasing an additional 410 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Perdoceo Education by 108.2% during the 4th quarter. Fifth Third Bancorp now owns 970 shares of the company’s stock valued at $28,000 after purchasing an additional 504 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Perdoceo Education by 9.1% during the 2nd quarter. Lazard Asset Management LLC now owns 7,280 shares of the company’s stock valued at $237,000 after buying an additional 605 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PRDO. Zacks Research downgraded Perdoceo Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Barrington Research set a $44.00 price objective on shares of Perdoceo Education in a research note on Friday, May 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a research report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Perdoceo Education presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

Insider Transactions at Perdoceo Education

In other Perdoceo Education news, Director Patrick W. Gross sold 3,647 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.98, for a total transaction of $127,572.06. Following the completion of the sale, the director owned 114,970 shares in the company, valued at $4,021,650.60. This represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michele A. Peppers sold 14,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $34.50, for a total value of $483,000.00. Following the sale, the insider owned 35,748 shares of the company’s stock, valued at $1,233,306. This trade represents a 28.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 38,270 shares of company stock valued at $1,336,193. Insiders own 1.46% of the company’s stock.

Perdoceo Education Stock Up 1.1%

PRDO stock opened at $32.92 on Wednesday. Perdoceo Education Corporation has a twelve month low of $26.66 and a twelve month high of $38.50. The business’s fifty day simple moving average is $33.15 and its two-hundred day simple moving average is $33.72. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 0.70 and a beta of 0.71.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.06. Perdoceo Education had a net margin of 19.91% and a return on equity of 18.51%. The company had revenue of $221.74 million during the quarter, compared to analysts’ expectations of $218.40 million. During the same period in the previous year, the company earned $0.70 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. Perdoceo Education has set its FY 2026 guidance at 3.050-3.160 EPS and its Q2 2026 guidance at 0.790-0.800 EPS. Research analysts expect that Perdoceo Education Corporation will post 3.11 EPS for the current year.

Perdoceo Education Profile

Perdoceo Education Corporation (NASDAQ: PRDO) is a for-profit postsecondary education provider offering certificate, associate, bachelor’s and master’s degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.

With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.