Renaissance Technologies LLC Has $130.32 Million Position in Perdoceo Education Corporation $PRDO

Renaissance Technologies LLC lessened its holdings in Perdoceo Education Corporation (NASDAQ:PRDO) by 4.2% during the first quarter, Holdings Channel reports. The fund owned 3,502,264 shares of the company’s stock after selling 151,800 shares during the period. Renaissance Technologies LLC owned approximately 0.06% of Perdoceo Education worth $130,319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Seizert Capital Partners LLC lifted its stake in shares of Perdoceo Education by 35.7% during the 4th quarter. Seizert Capital Partners LLC now owns 115,009 shares of the company’s stock worth $3,373,000 after buying an additional 30,283 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Perdoceo Education in the fourth quarter valued at approximately $3,765,000. GSA Capital Partners LLP increased its position in Perdoceo Education by 392.3% during the 4th quarter. GSA Capital Partners LLP now owns 61,197 shares of the company’s stock worth $1,795,000 after buying an additional 48,765 shares during the period. SG Americas Securities LLC increased its position in Perdoceo Education by 1,002.1% during the fourth quarter. SG Americas Securities LLC now owns 218,829 shares of the company’s stock worth $6,418,000 after acquiring an additional 198,974 shares during the period. Finally, Jefferies Financial Group Inc. bought a new position in shares of Perdoceo Education during the fourth quarter worth approximately $4,936,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insiders Place Their Bets

In other Perdoceo Education news, insider Michele A. Peppers sold 14,000 shares of Perdoceo Education stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $34.50, for a total value of $483,000.00. Following the transaction, the insider owned 35,748 shares in the company, valued at $1,233,306. The trade was a 28.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Patrick W. Gross sold 3,647 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.98, for a total value of $127,572.06. Following the transaction, the director directly owned 114,970 shares of the company’s stock, valued at approximately $4,021,650.60. The trade was a 3.07% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 38,270 shares of company stock worth $1,336,193. Insiders own 1.46% of the company’s stock.

Perdoceo Education Price Performance

Shares of PRDO opened at $30.36 on Friday. Perdoceo Education Corporation has a one year low of $26.66 and a one year high of $38.50. The company has a market cap of $1.90 billion, a P/E ratio of 11.63, a P/E/G ratio of 0.66 and a beta of 0.70. The firm has a 50 day simple moving average of $33.33 and a two-hundred day simple moving average of $33.65.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Thursday, May 7th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. Perdoceo Education had a return on equity of 18.51% and a net margin of 19.91%.The firm had revenue of $221.74 million for the quarter, compared to the consensus estimate of $218.40 million. During the same quarter last year, the business posted $0.70 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. Perdoceo Education has set its FY 2026 guidance at 3.050-3.160 EPS and its Q2 2026 guidance at 0.790-0.800 EPS. On average, analysts expect that Perdoceo Education Corporation will post 3.11 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.60 annualized dividend and a yield of 2.0%. Perdoceo Education’s dividend payout ratio (DPR) is 22.99%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PRDO shares. Zacks Research cut Perdoceo Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a research report on Friday, July 17th. Finally, Barrington Research set a $44.00 price target on Perdoceo Education in a research note on Friday, May 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.00.

About Perdoceo Education

Perdoceo Education Corporation (NASDAQ: PRDO) is a for-profit postsecondary education provider offering certificate, associate, bachelor’s and master’s degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.

With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.