Perdoceo Education Corporation $PRDO Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in Perdoceo Education Corporation (NASDAQ:PRDO) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,065,982 shares of the company’s stock after selling 22,123 shares during the period. Bank of New York Mellon Corp’s holdings in Perdoceo Education were worth $34,847,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. LSV Asset Management increased its position in shares of Perdoceo Education by 1.5% during the first quarter. LSV Asset Management now owns 1,874,274 shares of the company’s stock valued at $47,194,000 after acquiring an additional 26,969 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Perdoceo Education by 10.2% during the 1st quarter. American Century Companies Inc. now owns 1,792,952 shares of the company’s stock worth $45,147,000 after purchasing an additional 165,762 shares during the period. Goldman Sachs Group Inc. increased its holdings in Perdoceo Education by 49.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company’s stock valued at $38,964,000 after purchasing an additional 513,599 shares during the last quarter. Millennium Management LLC raised its position in Perdoceo Education by 48.9% in the first quarter. Millennium Management LLC now owns 1,297,465 shares of the company’s stock valued at $32,670,000 after purchasing an additional 425,893 shares during the period. Finally, Northern Trust Corp raised its position in Perdoceo Education by 16.6% in the first quarter. Northern Trust Corp now owns 1,064,875 shares of the company’s stock valued at $26,814,000 after purchasing an additional 151,977 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Perdoceo Education Trading Down 0.2%

PRDO opened at $31.23 on Friday. The business has a fifty day moving average price of $34.60 and a 200 day moving average price of $32.31. 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 Corporation has a 12 month low of $23.87 and a 12 month high of $38.02. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 0.92 and a beta of 0.84.

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

Perdoceo Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.9%. Perdoceo Education’s dividend payout ratio is presently 25.64%.

Insiders Place Their Bets

In related 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 completion of the sale, the senior vice president owned 72,142 shares in the company, valued at $2,524,970. The trade was 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 through the SEC website. Also, CEO Todd S. Nelson sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $35.17, for a total transaction of $1,406,800.00. Following the sale, the chief executive officer directly owned 524,047 shares in the company, valued at approximately $18,430,732.99. The trade was a 7.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 152,575 shares of company stock worth $5,241,561 over the last 90 days. Insiders own 2.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PRDO shares. Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a research report on Wednesday, October 8th. Wall Street Zen downgraded Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, Barrington Research restated an “outperform” rating and set a $42.00 target price on shares of Perdoceo Education in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $42.00.

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.