DekaBank Deutsche Girozentrale Takes Position in Perdoceo Education Corporation $PRDO

DekaBank Deutsche Girozentrale purchased a new stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 120,539 shares of the company’s stock, valued at approximately $3,962,000. DekaBank Deutsche Girozentrale owned approximately 0.18% of Perdoceo Education at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Planned Solutions Inc. bought a new position in shares of Perdoceo Education during the second quarter valued at $201,000. Allianz Asset Management GmbH increased its holdings in Perdoceo Education by 11.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 69,295 shares of the company’s stock worth $2,265,000 after buying an additional 7,269 shares in the last quarter. Equitable Trust Co. increased its holdings in Perdoceo Education by 3.3% in the 2nd quarter. Equitable Trust Co. now owns 14,024 shares of the company’s stock worth $458,000 after buying an additional 451 shares in the last quarter. Vest Financial LLC grew its stake in shares of Perdoceo Education by 17.7% during the 2nd quarter. Vest Financial LLC now owns 158,622 shares of the company’s stock valued at $5,185,000 after purchasing an additional 23,818 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Perdoceo Education by 11.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,165 shares of the company’s stock valued at $332,000 after purchasing an additional 1,082 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PRDO. Barrington Research reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Perdoceo Education in a research report on Tuesday, October 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a research report on Saturday. Finally, Wall Street Zen raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Sunday, October 19th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Perdoceo Education presently has a consensus rating of “Buy” and a consensus target price of $42.00.

Perdoceo Education Stock Up 0.1%

NASDAQ PRDO opened at $36.88 on Friday. The stock’s 50 day moving average is $34.71 and its 200 day moving average is $31.64. The company has a current ratio of 4.27, a quick ratio of 4.26 and a debt-to-equity ratio of 0.01. Perdoceo Education Corporation has a 12 month low of $20.97 and a 12 month high of $38.02. The stock has a market cap of $2.40 billion, a PE ratio of 15.97, a P/E/G ratio of 0.98 and a beta of 0.88.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $209.58 million for the quarter, compared to analysts’ expectations of $206.92 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The firm’s revenue was up 25.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. Research analysts predict that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued 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 payout ratio is currently 25.97%.

Insider Buying and Selling at Perdoceo Education

In other news, SVP Greg E. Jansen sold 30,234 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $33.00, for a total transaction of $997,722.00. Following the transaction, the senior vice president owned 96,279 shares of the company’s stock, valued at approximately $3,177,207. The trade was a 23.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ashish R. Ghia sold 53,081 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $30.70, for a total value of $1,629,586.70. Following the transaction, the chief financial officer directly owned 157,632 shares in the company, valued at approximately $4,839,302.40. This represents a 25.19% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 205,656 shares of company stock worth $6,871,148. Company insiders own 2.11% of the company’s stock.

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.