Baird Financial Group Inc. Sells 793 Shares of Perdoceo Education Corporation $PRDO

Baird Financial Group Inc. cut its stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO) by 6.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,103 shares of the company’s stock after selling 793 shares during the quarter. Baird Financial Group Inc.’s holdings in Perdoceo Education were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in PRDO. BNP Paribas Financial Markets bought a new position in Perdoceo Education in the fourth quarter valued at $637,000. Bank of America Corp DE increased its stake in Perdoceo Education by 21.6% in the fourth quarter. Bank of America Corp DE now owns 140,685 shares of the company’s stock valued at $3,724,000 after acquiring an additional 24,991 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in Perdoceo Education by 8.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 19,931 shares of the company’s stock valued at $528,000 after acquiring an additional 1,572 shares during the last quarter. Deutsche Bank AG increased its stake in Perdoceo Education by 58.7% in the fourth quarter. Deutsche Bank AG now owns 57,959 shares of the company’s stock valued at $1,534,000 after acquiring an additional 21,432 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new position in Perdoceo Education in the fourth quarter valued at $1,567,000. Institutional investors own 93.46% of the company’s stock.

Perdoceo Education Trading Up 4.4%

Shares of PRDO opened at $34.77 on Friday. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 0.88 and a beta of 0.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27. Perdoceo Education Corporation has a fifty-two week low of $20.55 and a fifty-two week high of $34.85. The firm has a 50 day moving average price of $31.05 and a 200-day moving average price of $29.34.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.67 earnings per share 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 net margin of 20.09% and a return on equity of 17.13%. The business’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the business 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. As a group, equities research analysts forecast that Perdoceo Education Corporation will post 2.41 earnings per share for the current year.

Perdoceo Education Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be paid a $0.15 dividend. 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 dividend yield of 1.7%. Perdoceo Education’s payout ratio is presently 25.97%.

Analyst Ratings Changes

Separately, Barrington Research restated an “outperform” rating and issued a $40.00 price objective on shares of Perdoceo Education in a report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $40.00.

Insider Buying and Selling

In related news, SVP Greg E. Jansen sold 30,234 shares of Perdoceo Education stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $33.00, for a total value of $997,722.00. Following the transaction, the senior vice president directly owned 96,279 shares of the company’s stock, valued at $3,177,207. The trade was a 23.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ashish R. Ghia sold 53,081 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $30.70, for a total transaction of $1,629,586.70. Following the sale, the chief financial officer owned 157,632 shares of the company’s stock, valued at approximately $4,839,302.40. This represents a 25.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,444 shares of company stock valued at $3,330,728 over the last three months. 2.11% of the stock is owned by company insiders.

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.