Polaris Capital Management LLC Cuts Position in Perdoceo Education Corporation $PRDO

Polaris Capital Management LLC lessened its holdings in Perdoceo Education Corporation (NASDAQ:PRDO) by 14.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 60,600 shares of the company’s stock after selling 10,600 shares during the quarter. Polaris Capital Management LLC’s holdings in Perdoceo Education were worth $1,981,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Perdoceo Education by 2.2% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,037 shares of the company’s stock valued at $557,000 after purchasing an additional 361 shares in the last quarter. AlphaQuest LLC increased its stake in shares of Perdoceo Education by 4.7% in the 1st quarter. AlphaQuest LLC now owns 8,976 shares of the company’s stock valued at $226,000 after purchasing an additional 399 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in shares of Perdoceo Education by 1.4% in the 1st quarter. SummerHaven Investment Management LLC now owns 36,624 shares of the company’s stock valued at $922,000 after purchasing an additional 500 shares in the last quarter. IFP Advisors Inc purchased a new position in shares of Perdoceo Education in the 1st quarter valued at about $25,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Perdoceo Education by 2.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,278 shares of the company’s stock valued at $1,417,000 after purchasing an additional 1,235 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Perdoceo Education

In other news, SVP Elise Baskel sold 21,212 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $35.00, for a total transaction of $742,420.00. Following the transaction, the senior vice president directly owned 72,142 shares in the company, valued at $2,524,970. The trade was a 22.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Greg E. Jansen sold 30,234 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $33.00, for a total value of $997,722.00. Following the transaction, the senior vice president owned 96,279 shares in the company, valued at approximately $3,177,207. This represents a 23.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 205,656 shares of company stock worth $6,871,148. 2.11% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PRDO shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Perdoceo Education in a research note on Saturday, September 27th. Barrington Research boosted their price objective on Perdoceo Education from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Perdoceo Education currently has a consensus rating of “Buy” and an average price target of $42.00.

Perdoceo Education Trading Down 1.5%

Shares of Perdoceo Education stock opened at $36.60 on Friday. The stock has a market cap of $2.38 billion, a P/E ratio of 15.84, a P/E/G ratio of 0.98 and a beta of 0.88. The stock’s 50 day simple moving average is $33.15 and its 200-day simple moving average is $30.55. Perdoceo Education Corporation has a 1-year low of $20.55 and a 1-year high of $38.02. 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 (NASDAQ:PRDO) last issued its earnings results on Thursday, July 31st. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $209.58 million for the quarter, compared to analysts’ expectations of $206.92 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. Analysts predict that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

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

Perdoceo Education Company Profile

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.