Empowered Funds LLC Invests $2.48 Million in Perdoceo Education Corporation $PRDO

Empowered Funds LLC bought a new position in shares of Perdoceo Education Corporation (NASDAQ:PRDO) during the second quarter, Holdings Channel.com reports. The fund bought 77,441 shares of the company’s stock, valued at approximately $2,478,000.

A number of other large investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Perdoceo Education in the 2nd quarter valued at $294,217,000. Vanguard Group Inc. boosted its position in Perdoceo Education by 2.7% during the fourth 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 during the period. Dimensional Fund Advisors LP boosted its position in Perdoceo Education by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,907,383 shares of the company’s stock worth $145,395,000 after purchasing an additional 108,727 shares during the period. First Trust Advisors LP increased its holdings in shares of Perdoceo Education by 2.2% in the first 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 last quarter. Finally, State Street Corp raised its holdings in Perdoceo Education by 0.8% in the 4th quarter. State Street Corp now owns 2,411,020 shares of the company’s stock valued at $70,715,000 after acquiring an additional 19,658 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Gregory L. Jackson sold 11,271 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $31.78, for a total transaction of $358,192.38. Following the transaction, the chairman directly owned 64,949 shares in the company, valued at approximately $2,064,079.22. The trade was a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.46% of the company’s stock.

Wall Street Analysts Forecast Growth

PRDO has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Perdoceo Education in a research report on Friday, July 17th. Wall Street Zen downgraded 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 target price on shares of Perdoceo Education in a report 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.00.

Perdoceo Education Trading Up 0.3%

PRDO stock opened at $33.09 on Thursday. Perdoceo Education Corporation has a 1-year low of $26.66 and a 1-year high of $38.50. The stock has a 50-day moving average price of $32.91 and a 200-day moving average price of $33.87. The firm has a market cap of $2.07 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.70 and a beta of 0.73.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Thursday, August 6th. The company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $213.35 million for the quarter, compared to analyst estimates of $212.50 million. Perdoceo Education had a net margin of 20.62% and a return on equity of 18.93%. Perdoceo Education’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 earnings per share. 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, analysts forecast that Perdoceo Education Corporation will post 3.13 earnings per share for the current year.

Perdoceo Education Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Tuesday, September 1st will be issued a $0.17 dividend. This is a boost from Perdoceo Education’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, September 1st. Perdoceo Education’s dividend payout ratio is 24.82%.

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.