Miller Value Partners LLC Makes New Investment in Perdoceo Education Corporation $PRDO

Miller Value Partners LLC acquired a new position in shares of Perdoceo Education Corporation (NASDAQ:PRDO) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 40,288 shares of the company’s stock, valued at approximately $1,289,000. Miller Value Partners LLC owned 0.06% of Perdoceo Education as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Perdoceo Education in the second quarter valued at about $294,217,000. Vanguard Group Inc. raised its stake in Perdoceo Education by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 4,465,353 shares of the company’s stock worth $130,969,000 after purchasing an additional 115,797 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Perdoceo Education by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,907,383 shares of the company’s stock valued at $145,395,000 after purchasing an additional 108,727 shares during the period. First Trust Advisors LP boosted its holdings in Perdoceo Education by 2.2% in the 1st quarter. First Trust Advisors LP now owns 2,970,195 shares of the company’s stock valued at $110,521,000 after purchasing an additional 64,399 shares during the period. Finally, State Street Corp grew its position in shares of Perdoceo Education by 0.8% during the 4th quarter. State Street Corp now owns 2,411,020 shares of the company’s stock worth $70,715,000 after purchasing an additional 19,658 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity at Perdoceo Education

In related news, Director Kenda B. Gonzales sold 9,308 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $34.79, for a total transaction of $323,825.32. Following the completion of the sale, the director owned 48,158 shares of the company’s stock, valued at $1,675,416.82. This trade represents a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Gregory L. Jackson sold 11,271 shares of Perdoceo Education stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $31.78, for a total transaction of $358,192.38. Following the completion of the sale, the chairman directly owned 64,949 shares of the company’s stock, valued at approximately $2,064,079.22. This trade represents a 14.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.46% of the company’s stock.

Perdoceo Education Trading Up 1.2%

PRDO opened at $33.41 on Wednesday. The company’s 50 day moving average is $32.79 and its 200-day moving average is $33.78. Perdoceo Education Corporation has a 1-year low of $26.66 and a 1-year high of $38.50. The company has a market cap of $2.09 billion, a P/E ratio of 12.19, a PEG ratio of 0.70 and a beta of 0.71.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. Perdoceo Education had a net margin of 20.62% and a return on equity of 18.93%. The business had revenue of $213.35 million during the quarter, compared to the consensus estimate of $212.50 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. Perdoceo Education has set its Q3 2026 guidance at 0.730-0.740 EPS and its FY 2026 guidance at 3.100-3.160 EPS. On average, equities analysts forecast that Perdoceo Education Corporation will post 3.13 EPS for the current year.

Perdoceo Education Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, September 1st will be given a $0.17 dividend. This is a boost from Perdoceo Education’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. Perdoceo Education’s dividend payout ratio is presently 21.90%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a research note on Friday, July 17th. Wall Street Zen cut shares of Perdoceo Education from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Barrington Research set a $44.00 price target on shares of Perdoceo Education in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $44.00.

Perdoceo Education Company Profile

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.