Vanguard Group Inc. Sells 224,688 Shares of Perdoceo Education Corporation $PRDO

Vanguard Group Inc. lowered its position in shares of Perdoceo Education Corporation (NASDAQ:PRDO) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,595,658 shares of the company’s stock after selling 224,688 shares during the quarter. Vanguard Group Inc. owned about 7.01% of Perdoceo Education worth $115,719,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PRDO. IFP Advisors Inc bought a new stake in Perdoceo Education during the first quarter valued at $25,000. Quarry LP boosted its position in shares of Perdoceo Education by 223.6% during the 4th quarter. Quarry LP now owns 1,793 shares of the company’s stock worth $47,000 after purchasing an additional 1,239 shares in the last quarter. New Vernon Capital Holdings II LLC bought a new position in shares of Perdoceo Education during the 4th quarter worth about $127,000. Jefferies Financial Group Inc. bought a new position in shares of Perdoceo Education during the 1st quarter worth about $206,000. Finally, Point72 Asset Management L.P. boosted its position in shares of Perdoceo Education by 31.7% during the 4th quarter. Point72 Asset Management L.P. now owns 7,900 shares of the company’s stock worth $209,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In other Perdoceo Education news, SVP Julia A. Leeman sold 5,000 shares of Perdoceo Education stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $32.07, for a total transaction of $160,350.00. Following the transaction, the senior vice president owned 29,677 shares of the company’s stock, valued at $951,741.39. This trade represents a 14.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Robert Kline sold 71,254 shares of Perdoceo Education stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $31.75, for a total transaction of $2,262,314.50. Following the transaction, the senior vice president directly owned 75,868 shares in the company, valued at approximately $2,408,809. This represents a 48.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 166,221 shares of company stock worth $5,219,463. Corporate insiders own 2.11% of the company’s stock.

Perdoceo Education Stock Performance

Shares of PRDO opened at $32.79 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27. The stock has a 50 day moving average price of $30.80 and a two-hundred day moving average price of $28.81. The firm has a market capitalization of $2.13 billion, a P/E ratio of 14.19, a P/E/G ratio of 0.86 and a beta of 0.87. Perdoceo Education Corporation has a 52 week low of $20.55 and a 52 week high of $34.60.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $209.58 million during the quarter, compared to analyst estimates of $206.92 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The company’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. Equities analysts forecast that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.8%. This is an increase from Perdoceo Education’s previous quarterly dividend of $0.13. Perdoceo Education’s payout ratio is 22.51%.

Wall Street Analysts Forecast Growth

PRDO has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 5th. Barrington Research reissued an “outperform” rating and set a $40.00 price objective on shares of Perdoceo Education in a research report on Friday, August 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $40.00.

Perdoceo Education Profile

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.