Gregory Jackson Sells 4,568 Shares of Perdoceo Education (NASDAQ:PRDO) Stock

Perdoceo Education Corporation (NASDAQ:PRDO) Chairman Gregory Jackson sold 4,568 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $32.50, for a total value of $148,460.00. Following the completion of the transaction, the chairman directly owned 60,962 shares of the company’s stock, valued at approximately $1,981,265. This trade represents a 6.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO opened at $32.85 on Friday. Perdoceo Education Corporation has a fifty-two week low of $20.55 and a fifty-two week high of $34.60. The business has a 50-day simple moving average of $30.89 and a two-hundred day simple moving average of $28.96. 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 firm has a market cap of $2.13 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 0.87 and a beta of 0.87.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Thursday, July 31st. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The business had revenue of $209.58 million during the quarter, compared to analyst estimates of $206.92 million. During the same quarter in the previous year, the firm earned $0.60 EPS. Perdoceo Education’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, analysts expect that Perdoceo Education Corporation will post 2.41 earnings per share for the current year.

Perdoceo Education Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from Perdoceo Education’s previous quarterly dividend of $0.13. Perdoceo Education’s dividend payout ratio is presently 25.97%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its holdings in Perdoceo Education by 9.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 36,424 shares of the company’s stock worth $951,000 after purchasing an additional 3,095 shares in the last quarter. SG Americas Securities LLC purchased a new position in Perdoceo Education in the 1st quarter worth approximately $464,000. Principal Financial Group Inc. lifted its holdings in Perdoceo Education by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 327,431 shares of the company’s stock worth $8,245,000 after purchasing an additional 8,468 shares in the last quarter. Allianz Asset Management GmbH lifted 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. Finally, Calamos Advisors LLC purchased a new position in Perdoceo Education in the 1st quarter worth approximately $437,000. 93.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PRDO. Barrington Research restated an “outperform” rating and set a $40.00 price target on shares of Perdoceo Education in a research note on Friday, August 1st. Wall Street Zen downgraded Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 5th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $40.00.

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.