Exchange Traded Concepts LLC Acquires 51,472 Shares of Perdoceo Education Corporation $PRDO

Exchange Traded Concepts LLC raised its holdings in Perdoceo Education Corporation (NASDAQ:PRDO) by 47.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,764 shares of the company’s stock after purchasing an additional 51,472 shares during the period. Exchange Traded Concepts LLC owned 0.25% of Perdoceo Education worth $6,017,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PRDO. Cresset Asset Management LLC purchased a new stake in shares of Perdoceo Education during the second quarter worth $2,453,000. Acadian Asset Management LLC raised 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 purchasing an additional 485,571 shares during the period. Northern Trust Corp raised its stake in shares of Perdoceo Education by 16.6% during the 1st quarter. Northern Trust Corp now owns 1,064,875 shares of the company’s stock valued at $26,814,000 after purchasing an additional 151,977 shares during the period. Inspire Investing LLC purchased a new stake in Perdoceo Education during the 2nd quarter worth about $878,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in Perdoceo Education in the 1st quarter worth about $1,400,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Perdoceo Education Trading Up 0.7%

Shares of PRDO opened at $29.73 on Wednesday. Perdoceo Education Corporation has a 1-year low of $23.87 and a 1-year high of $38.02. The company has a market capitalization of $1.91 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.77 and a beta of 0.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.47 and a quick ratio of 4.45. The firm’s 50 day simple moving average is $30.93 and its 200 day simple moving average is $31.93.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. Perdoceo Education had a net margin of 19.24% and a return on equity of 17.22%. The firm had revenue of $211.87 million for the quarter, compared to analyst estimates of $207.02 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The business’s revenue for the quarter 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 and its FY 2025 guidance at 2.540-2.560 EPS. Sell-side analysts forecast that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, November 28th. Perdoceo Education’s dividend payout ratio is presently 25.64%.

Perdoceo Education Company Profile

Perdoceo Education Corporation (NASDAQ: PRDO) is a for-profit postsecondary education provider offering certificate, associate, bachelor’s and master’s degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.

With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.