Perdoceo Education (NASDAQ:PRDO) CEO Todd Nelson Sells 46,199 Shares

Perdoceo Education Corporation (NASDAQ:PRDO) CEO Todd Nelson sold 46,199 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $32.89, for a total transaction of $1,519,485.11. Following the sale, the chief executive officer owned 301,782 shares in the company, valued at approximately $9,925,609.98. The trade was a 13.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Perdoceo Education Trading Down 1.6%

PRDO opened at $32.73 on Friday. The stock has a market capitalization of $2.05 billion, a P/E ratio of 11.95, a P/E/G ratio of 0.71 and a beta of 0.73. Perdoceo Education Corporation has a 12 month low of $26.66 and a 12 month high of $38.50. The firm’s fifty day simple moving average is $32.72 and its 200 day simple moving average is $33.93.

Perdoceo Education (NASDAQ:PRDO) last released its earnings results on Thursday, August 6th. The company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. The firm had revenue of $213.35 million during the quarter, compared to analysts’ expectations of $212.50 million. Perdoceo Education had a return on equity of 18.93% and a net margin of 20.62%.The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. Perdoceo Education has set its Q3 2026 guidance at 0.730-0.740 EPS and its FY 2026 guidance at 3.100-3.160 EPS. On average, equities research analysts predict that Perdoceo Education Corporation will post 3.13 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, September 1st were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. This is a boost from Perdoceo Education’s previous quarterly dividend of $0.15. Perdoceo Education’s payout ratio is 24.82%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Perdoceo Education in the second quarter valued at approximately $294,217,000. Dimensional Fund Advisors LP lifted its holdings in Perdoceo Education by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,907,383 shares of the company’s stock worth $145,395,000 after purchasing an additional 108,727 shares during the last quarter. First Trust Advisors LP lifted its holdings in Perdoceo Education by 2.2% during the 1st quarter. First Trust Advisors LP now owns 2,970,195 shares of the company’s stock worth $110,521,000 after purchasing an additional 64,399 shares during the last quarter. Copeland Capital Management LLC boosted its stake in Perdoceo Education by 8.0% in the 1st quarter. Copeland Capital Management LLC now owns 1,854,135 shares of the company’s stock valued at $68,992,000 after purchasing an additional 137,285 shares during the period. Finally, Callodine Capital Management LP boosted its stake in Perdoceo Education by 36.6% in the 1st quarter. Callodine Capital Management LP now owns 1,316,540 shares of the company’s stock valued at $48,988,000 after purchasing an additional 352,850 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PRDO has been the topic of a number of research reports. Wall Street Zen lowered shares of Perdoceo Education from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Perdoceo Education in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Perdoceo Education currently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

About Perdoceo Education

Perdoceo Education Corporation is a postsecondary education company that provides career-focused degree and credential programs primarily through online learning platforms. The company serves working adults and other nontraditional students seeking flexible education options in fields such as business, information technology, healthcare, criminal justice and related professional disciplines.

Perdoceo operates primarily through Colorado Technical University and American InterContinental University.