Perdoceo Education Corporation $PRDO Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. boosted its holdings in shares of Perdoceo Education Corporation (NASDAQ:PRDO) by 129.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 572,527 shares of the company’s stock after acquiring an additional 322,605 shares during the period. Prudential Financial Inc. owned 0.88% of Perdoceo Education worth $18,716,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. American Century Companies Inc. boosted its holdings in shares of Perdoceo Education by 1.5% during the 2nd quarter. American Century Companies Inc. now owns 1,820,262 shares of the company’s stock worth $59,504,000 after purchasing an additional 27,310 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Perdoceo Education by 12.9% in the second quarter. JPMorgan Chase & Co. now owns 358,825 shares of the company’s stock valued at $11,730,000 after purchasing an additional 40,987 shares during the last quarter. Handelsbanken Fonder AB lifted its position in Perdoceo Education by 45.9% during the second quarter. Handelsbanken Fonder AB now owns 19,400 shares of the company’s stock worth $634,000 after buying an additional 6,100 shares in the last quarter. EMC Capital Management acquired a new position in Perdoceo Education during the second quarter worth $208,000. Finally, Intech Investment Management LLC boosted its stake in Perdoceo Education by 0.9% during the second quarter. Intech Investment Management LLC now owns 199,935 shares of the company’s stock worth $6,536,000 after buying an additional 1,813 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insiders Place Their Bets

In other Perdoceo Education news, CEO Todd S. Nelson sold 40,000 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $35.17, for a total value of $1,406,800.00. Following the transaction, the chief executive officer directly owned 524,047 shares of the company’s stock, valued at approximately $18,430,732.99. The trade was a 7.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Elise Baskel sold 21,212 shares of the company’s stock in a transaction 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 owned 72,142 shares of the company’s stock, valued at approximately $2,524,970. The trade was a 22.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 101,212 shares of company stock worth $3,540,420. 2.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PRDO has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 12th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $42.00 target price on shares of Perdoceo Education in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $42.00.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO opened at $27.95 on Thursday. Perdoceo Education Corporation has a one year low of $23.87 and a one year high of $38.02. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 0.92 and a beta of 0.84. The company has a 50-day simple moving average of $33.67 and a 200-day simple moving average of $32.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results 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. The firm had revenue of $211.87 million for the quarter, compared to analysts’ expectations of $207.02 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. Perdoceo Education has set its Q4 2025 guidance at 0.530-0.550 EPS. FY 2025 guidance at 2.540-2.560 EPS. On average, analysts predict that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. Perdoceo Education’s dividend payout ratio (DPR) is currently 25.64%.

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.