Handelsbanken Fonder AB Boosts Position in Perdoceo Education Corporation $PRDO

Handelsbanken Fonder AB increased its holdings in Perdoceo Education Corporation (NASDAQ:PRDO) by 45.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,400 shares of the company’s stock after buying an additional 6,100 shares during the period. Handelsbanken Fonder AB’s holdings in Perdoceo Education were worth $634,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its stake in shares of Perdoceo Education by 110.8% during the 2nd quarter. Acadian Asset Management LLC now owns 923,698 shares of the company’s stock valued at $30,173,000 after acquiring an additional 485,571 shares during the last quarter. Northern Trust Corp increased its position in Perdoceo Education by 16.6% during the first quarter. Northern Trust Corp now owns 1,064,875 shares of the company’s stock worth $26,814,000 after purchasing an additional 151,977 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in Perdoceo Education during the first quarter worth approximately $206,000. Inspire Investing LLC acquired a new position in shares of Perdoceo Education in the 2nd quarter valued at $878,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Perdoceo Education during the 1st quarter valued at $1,400,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PRDO has been the topic of a number of research analyst reports. Barrington Research reiterated an “outperform” rating and issued a $42.00 target price on shares of Perdoceo Education in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 12th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Perdoceo Education currently has an average rating of “Buy” and a consensus price target of $42.00.

Perdoceo Education Price Performance

Shares of PRDO stock opened at $27.96 on Friday. The firm has a fifty day simple moving average of $33.38 and a 200-day simple moving average of $32.33. The company has a market capitalization of $1.80 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 0.92 and a beta of 0.84. Perdoceo Education Corporation has a twelve month low of $23.87 and a twelve month high of $38.02. 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 (NASDAQ:PRDO) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $211.87 million for the quarter, compared to analyst estimates of $207.02 million. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. Equities research analysts anticipate that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The firm 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 $0.15 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. Perdoceo Education’s dividend payout ratio is currently 25.64%.

Insider Buying and Selling

In other Perdoceo Education news, CEO Todd S. Nelson sold 40,000 shares of Perdoceo Education 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 in the company, valued at $18,430,732.99. The trade was a 7.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Elise Baskel sold 21,212 shares of the company’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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 101,212 shares of company stock valued at $3,540,420. 2.11% of the stock is owned by 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.