State of Alaska Department of Revenue Grows Position in Perdoceo Education Corporation $PRDO

State of Alaska Department of Revenue raised its position in Perdoceo Education Corporation (NASDAQ:PRDO) by 7.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,664 shares of the company’s stock after acquiring an additional 2,436 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of Perdoceo Education worth $1,198,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LSV Asset Management raised its holdings in shares of Perdoceo Education by 1.5% in the 1st quarter. LSV Asset Management now owns 1,874,274 shares of the company’s stock valued at $47,194,000 after purchasing an additional 26,969 shares in the last quarter. American Century Companies Inc. increased its holdings in Perdoceo Education by 10.2% in the first quarter. American Century Companies Inc. now owns 1,792,952 shares of the company’s stock valued at $45,147,000 after buying an additional 165,762 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Perdoceo Education by 49.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company’s stock valued at $38,964,000 after buying an additional 513,599 shares in the last quarter. Millennium Management LLC lifted its holdings in Perdoceo Education by 48.9% during the 1st quarter. Millennium Management LLC now owns 1,297,465 shares of the company’s stock worth $32,670,000 after buying an additional 425,893 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Perdoceo Education by 58.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,088,105 shares of the company’s stock worth $27,398,000 after buying an additional 403,157 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PRDO shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Perdoceo Education in a report on Saturday, September 27th. Barrington Research upped their price target on Perdoceo Education from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $42.00.

Insiders Place Their Bets

In other Perdoceo Education news, SVP Elise Baskel sold 21,212 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $35.00, for a total value of $742,420.00. Following the sale, the senior vice president owned 72,142 shares of the company’s stock, valued at approximately $2,524,970. This represents a 22.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Greg E. Jansen sold 30,234 shares of the firm’s 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 completion of the transaction, the senior vice president owned 96,279 shares of the company’s stock, valued at approximately $3,177,207. This represents a 23.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 205,656 shares of company stock worth $6,871,148. 2.11% of the stock is owned by insiders.

Perdoceo Education Price Performance

Shares of NASDAQ PRDO opened at $36.60 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. Perdoceo Education Corporation has a one year low of $20.55 and a one year high of $38.02. The firm has a market capitalization of $2.38 billion, a P/E ratio of 15.84, a PEG ratio of 0.97 and a beta of 0.88. The company’s fifty day moving average is $33.15 and its two-hundred day moving average is $30.59.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $209.58 million during the quarter, compared to analysts’ expectations of $206.92 million. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter last 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. Analysts forecast that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.15 per share. This is a positive change from Perdoceo Education’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.6%. Perdoceo Education’s dividend payout ratio is presently 25.97%.

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.