Boston Partners Sells 272,599 Shares of Perdoceo Education Corporation $PRDO

Boston Partners lessened its stake in Perdoceo Education Corporation (NASDAQ:PRDO) by 22.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 937,090 shares of the company’s stock after selling 272,599 shares during the period. Boston Partners owned 1.44% of Perdoceo Education worth $29,956,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Elo Mutual Pension Insurance Co acquired a new stake in Perdoceo Education during the 2nd quarter worth $484,000. NDVR Inc. bought a new position in shares of Perdoceo Education in the 2nd quarter worth $210,000. Clifford Capital Partners LLC grew its stake in shares of Perdoceo Education by 3.0% during the second quarter. Clifford Capital Partners LLC now owns 668,907 shares of the company’s stock worth $21,867,000 after purchasing an additional 19,737 shares during the period. Prudential Financial Inc. increased its holdings in Perdoceo Education by 129.1% in the second quarter. Prudential Financial Inc. now owns 572,527 shares of the company’s stock valued at $18,716,000 after purchasing an additional 322,605 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Perdoceo Education by 1.5% in the second quarter. American Century Companies Inc. now owns 1,820,262 shares of the company’s stock valued at $59,504,000 after buying an additional 27,310 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Perdoceo Education Stock Performance

PRDO opened at $27.95 on Friday. The business has a 50 day moving average of $33.52 and a 200-day moving average of $32.35. Perdoceo Education Corporation has a 12-month low of $23.87 and a 12-month high of $38.02. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 0.92 and a beta of 0.84. The company has a quick ratio of 4.26, a current ratio of 4.27 and a debt-to-equity ratio of 0.01.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings results 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. The firm had revenue of $211.87 million for the quarter, compared to analysts’ expectations of $207.02 million. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The business’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 EPS. Perdoceo Education has set its Q4 2025 guidance at 0.530-0.550 EPS. FY 2025 guidance at 2.540-2.560 EPS. On average, equities research analysts expect that Perdoceo Education Corporation will post 2.41 earnings per share for the current year.

Perdoceo Education Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, November 28th. Perdoceo Education’s dividend payout ratio is presently 25.64%.

Insider Activity

In other news, SVP Elise Baskel sold 21,212 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 72,142 shares in the company, valued at approximately $2,524,970. The trade was a 22.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd S. Nelson sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $35.17, for a total transaction of $1,406,800.00. Following the sale, the chief executive officer directly owned 524,047 shares of the company’s stock, valued at approximately $18,430,732.99. This trade represents a 7.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 101,212 shares of company stock worth $3,540,420. Insiders own 2.11% of the company’s stock.

Wall Street Analysts Forecast Growth

PRDO has been the topic of several recent analyst reports. Barrington Research reissued an “outperform” rating and set a $42.00 price objective on shares of Perdoceo Education in a research note on Wednesday, November 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Perdoceo Education in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Perdoceo Education presently has an average rating of “Buy” and an average price target of $42.00.

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.