Key Points
- CEO Todd Nelson sold 46,199 Perdoceo Education shares at an average price of $32.89, generating approximately $1.52 million; his remaining ownership fell 13.28% to 301,782 shares.
- Perdoceo reported quarterly revenue of $213.35 million and EPS of $0.80, while revenue increased 1.8% year over year. The company guided for third-quarter EPS of $0.73–$0.74 and full-year EPS of $3.10–$3.16.
- The company raised its quarterly dividend to $0.17, or $0.68 annually, representing a 2.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $44, compared with a recent share price near $32.73.
Perdoceo Education Corporation (NASDAQ:PRDO - Get Free Report) CEO Todd Nelson sold 46,199 shares of the company's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $32.89, for a total transaction of $1,519,485.11. Following the completion of the transaction, the chief executive officer owned 301,782 shares in the company, valued at $9,925,609.98. This trade represents a 13.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Perdoceo Education Stock Performance
NASDAQ:PRDO opened at $32.73 on Friday. Perdoceo Education Corporation has a 52 week low of $26.66 and a 52 week high of $38.50. The firm's 50-day simple moving average is $32.72 and its 200 day simple moving average is $33.93. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 0.71 and a beta of 0.73.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.80. Perdoceo Education had a net margin of 20.62% and a return on equity of 18.93%. The firm had revenue of $213.35 million during the quarter, compared to the consensus estimate of $212.50 million. During the same quarter in the previous year, the firm posted $0.67 EPS. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. Perdoceo Education has set its Q3 2026 guidance at 0.730-0.740 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Sell-side analysts anticipate that Perdoceo Education Corporation will post 3.13 EPS for the current year.
Perdoceo Education Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, September 1st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.1%. This is an increase from Perdoceo Education's previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, September 1st. Perdoceo Education's dividend payout ratio is presently 24.82%.
Institutional Investors Weigh In On Perdoceo Education
A number of large investors have recently bought and sold shares of PRDO. BlackRock Inc. bought a new stake in shares of Perdoceo Education during the 2nd quarter worth approximately $294,217,000. Dimensional Fund Advisors LP boosted its position in shares of Perdoceo Education by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,907,383 shares of the company's stock worth $145,395,000 after acquiring an additional 108,727 shares in the last quarter. First Trust Advisors LP increased its stake in Perdoceo Education by 2.2% in the first quarter. First Trust Advisors LP now owns 2,970,195 shares of the company's stock valued at $110,521,000 after acquiring an additional 64,399 shares during the last quarter. Copeland Capital Management LLC increased its stake in Perdoceo Education by 8.0% in the first quarter. Copeland Capital Management LLC now owns 1,854,135 shares of the company's stock valued at $68,992,000 after acquiring an additional 137,285 shares during the last quarter. Finally, Callodine Capital Management LP raised its position in Perdoceo Education by 36.6% during the first quarter. Callodine Capital Management LP now owns 1,316,540 shares of the company's stock valued at $48,988,000 after purchasing an additional 352,850 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
PRDO has been the topic of a number of analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of Perdoceo Education in a research report on Friday, July 17th. Wall Street Zen cut Perdoceo Education from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $44.00.
View Our Latest Analysis on Perdoceo Education
Perdoceo Education Company Profile
(
Get Free Report)
Perdoceo Education Corporation is a postsecondary education company that provides career-focused degree and credential programs primarily through online learning platforms. The company serves working adults and other nontraditional students seeking flexible education options in fields such as business, information technology, healthcare, criminal justice and related professional disciplines.
Perdoceo operates primarily through Colorado Technical University and American InterContinental University.
Further Reading
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