Invesco Ltd. Reduces Stock Holdings in Perdoceo Education Corporation $PRDO

Invesco Ltd. decreased its stake in Perdoceo Education Corporation (NASDAQ:PRDO) by 19.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 611,967 shares of the company’s stock after selling 144,462 shares during the quarter. Invesco Ltd. owned about 0.93% of Perdoceo Education worth $15,409,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PRDO. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Perdoceo Education in the first quarter worth approximately $745,000. Deutsche Bank AG raised its holdings in shares of Perdoceo Education by 138.3% in the first quarter. Deutsche Bank AG now owns 138,091 shares of the company’s stock worth $3,477,000 after buying an additional 80,132 shares during the period. Pacific Ridge Capital Partners LLC raised its holdings in shares of Perdoceo Education by 9.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 52,209 shares of the company’s stock worth $1,315,000 after buying an additional 4,334 shares during the period. LSV Asset Management raised its holdings in shares of Perdoceo Education by 1.5% in the first quarter. LSV Asset Management now owns 1,874,274 shares of the company’s stock worth $47,194,000 after buying an additional 26,969 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Perdoceo Education in the first quarter worth approximately $206,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

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

Perdoceo Education Stock Up 1.8%

Shares of NASDAQ PRDO opened at $33.37 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 firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 0.87 and a beta of 0.87. The stock has a 50 day moving average price of $30.83 and a 200 day moving average price of $28.84. Perdoceo Education Corporation has a 52-week low of $20.55 and a 52-week high of $34.60.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.67 earnings per share (EPS) for the quarter, beating 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%.Perdoceo Education’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. Sell-side analysts expect that Perdoceo Education Corporation will post 2.41 earnings per share for the current year.

Perdoceo Education Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Perdoceo Education’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.8%. Perdoceo Education’s dividend payout ratio is 25.97%.

Insider Activity at Perdoceo Education

In related 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 directly owned 29,677 shares of the company’s stock, valued at $951,741.39. This trade represents a 14.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director William Dean Hansen sold 5,994 shares of Perdoceo Education stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $31.56, for a total transaction of $189,170.64. Following the transaction, the director directly owned 44,171 shares in the company, valued at approximately $1,394,036.76. The trade was a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 166,221 shares of company stock valued at $5,219,463 over the last quarter. 2.11% of the stock is owned by insiders.

Perdoceo Education Company 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.