Cresset Asset Management LLC Acquires Shares of 75,027 Perdoceo Education Corporation $PRDO

Cresset Asset Management LLC acquired a new stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 75,027 shares of the company’s stock, valued at approximately $2,453,000. Cresset Asset Management LLC owned about 0.12% of Perdoceo Education at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PRDO. Planned Solutions Inc. acquired a new position in Perdoceo Education during the 2nd quarter valued at about $201,000. EMC Capital Management bought a new position in shares of Perdoceo Education in the second quarter valued at approximately $208,000. NDVR Inc. purchased a new position in shares of Perdoceo Education during the second quarter valued at approximately $210,000. AlphaQuest LLC boosted its position in shares of Perdoceo Education by 4.7% during the first quarter. AlphaQuest LLC now owns 8,976 shares of the company’s stock valued at $226,000 after buying an additional 399 shares during the last quarter. Finally, Contravisory Investment Management Inc. bought a new stake in Perdoceo Education during the second quarter worth $227,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO opened at $28.23 on Tuesday. The company’s 50-day moving average is $32.40 and its 200 day moving average is $32.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.45 and a current ratio of 4.47. The company has a market capitalization of $1.82 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 0.74 and a beta of 0.94. Perdoceo Education Corporation has a fifty-two week low of $23.87 and a fifty-two week high of $38.02.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $211.87 million during the quarter, compared to the consensus estimate of $207.02 million. Perdoceo Education had a net margin of 19.24% and a return on equity of 17.22%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share. Perdoceo Education has set its Q4 2025 guidance at 0.530-0.550 EPS and its FY 2025 guidance at 2.540-2.560 EPS. On average, equities research analysts forecast that Perdoceo Education Corporation will post 2.41 earnings per share for the current 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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, November 28th. Perdoceo Education’s payout ratio is 25.64%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PRDO shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 12th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of Perdoceo Education in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $42.00.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, SVP Elise Baskel sold 21,212 shares of the business’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 directly owned 72,142 shares in the company, valued at $2,524,970. The trade was a 22.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Todd S. Nelson sold 40,000 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $35.17, for a total value of $1,406,800.00. Following the completion of the sale, the chief executive officer owned 524,047 shares in the company, valued at $18,430,732.99. This represents a 7.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 101,212 shares of company stock worth $3,540,420. 2.11% of the stock is owned by company insiders.

Perdoceo Education 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.