Aviva PLC Sells 9,449 Shares of Perdoceo Education Corporation $PRDO

Aviva PLC decreased its position in Perdoceo Education Corporation (NASDAQ:PRDO) by 39.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,522 shares of the company’s stock after selling 9,449 shares during the quarter. Aviva PLC’s holdings in Perdoceo Education were worth $475,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. LSV Asset Management grew its holdings in 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 buying an additional 26,969 shares in the last quarter. American Century Companies Inc. boosted its position in shares of 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 acquiring an additional 165,762 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of 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 acquiring an additional 513,599 shares in the last quarter. Millennium Management LLC grew its stake in shares of Perdoceo Education by 48.9% in the first quarter. Millennium Management LLC now owns 1,297,465 shares of the company’s stock valued at $32,670,000 after acquiring an additional 425,893 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Perdoceo Education by 58.9% during the first quarter. Bank of New York Mellon Corp now owns 1,088,105 shares of the company’s stock worth $27,398,000 after acquiring an additional 403,157 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Perdoceo Education Trading Down 0.2%

Shares of PRDO opened at $31.23 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 52-week low of $23.87 and a 52-week high of $38.02. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 0.92 and a beta of 0.84. The business’s fifty day moving average is $34.60 and its 200-day moving average is $32.31.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The business had revenue of $211.87 million for the quarter, compared to analyst estimates of $207.02 million. During the same period last year, the firm posted $0.57 earnings per share. Perdoceo Education’s revenue was up 24.8% compared to the same quarter last year. Perdoceo Education has set its Q4 2025 guidance at 0.530-0.550 EPS. FY 2025 guidance at 2.540-2.560 EPS. Equities analysts anticipate that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.60 annualized dividend and a dividend yield of 1.9%. Perdoceo Education’s payout ratio is 25.64%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Perdoceo Education in a report on Wednesday, October 8th. Barrington Research reiterated an “outperform” rating and issued a $42.00 price target on shares of Perdoceo Education in a research note on Wednesday, November 5th. Finally, Wall Street Zen downgraded Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $42.00.

Insider Activity at Perdoceo Education

In other news, Chairman Gregory L. Jackson sold 16,561 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $33.51, for a total value of $554,959.11. Following the completion of the transaction, the chairman directly owned 60,962 shares in the company, valued at approximately $2,042,836.62. This represents a 21.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Elise Baskel sold 21,212 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $35.00, for a total value of $742,420.00. Following the sale, the senior vice president directly owned 72,142 shares in the company, valued at approximately $2,524,970. This trade represents a 22.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 152,575 shares of company stock valued at $5,241,561 in the last quarter. 2.11% of the stock is owned by company insiders.

About Perdoceo Education

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.