26,303 Shares in Perdoceo Education Corporation $PRDO Bought by Summit Global Investments

Summit Global Investments purchased a new stake in Perdoceo Education Corporation (NASDAQ:PRDO) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 26,303 shares of the company’s stock, valued at approximately $842,000.

Other hedge funds also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC lifted its stake in shares of Perdoceo Education by 72.6% during the fourth quarter. Salomon & Ludwin LLC now owns 811 shares of the company’s stock worth $25,000 after purchasing an additional 341 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Perdoceo Education by 108.2% in the fourth quarter. Fifth Third Bancorp now owns 970 shares of the company’s stock valued at $28,000 after buying an additional 504 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Perdoceo Education by 34.6% in the fourth quarter. IFP Advisors Inc now owns 1,363 shares of the company’s stock valued at $40,000 after buying an additional 350 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Perdoceo Education by 48.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,132 shares of the company’s stock valued at $63,000 after buying an additional 699 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. purchased a new stake in shares of Perdoceo Education during the 4th quarter valued at about $69,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Zacks Research downgraded shares of Perdoceo Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Perdoceo Education in a research report on Friday, July 17th. Wall Street Zen downgraded shares of Perdoceo Education from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Barrington Research set a $44.00 price target on shares of Perdoceo Education in a report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Perdoceo Education presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

Perdoceo Education Stock Performance

NASDAQ:PRDO opened at $32.01 on Friday. Perdoceo Education Corporation has a one year low of $26.66 and a one year high of $38.50. The business’s 50-day simple moving average is $32.96 and its 200 day simple moving average is $33.72. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 0.68 and a beta of 0.71.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. Perdoceo Education had a return on equity of 18.93% and a net margin of 20.62%.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 prior year, the business posted $0.67 earnings per share. Perdoceo Education’s revenue for the quarter was up 1.8% on a year-over-year basis. 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. On average, equities research analysts predict that Perdoceo Education Corporation will post 3.13 EPS for the current year.

Perdoceo Education Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.17 per share. This is an increase from Perdoceo Education’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, September 1st. This represents a $0.68 annualized dividend and a dividend yield of 2.1%. Perdoceo Education’s dividend payout ratio (DPR) is currently 24.82%.

Insider Activity at Perdoceo Education

In related news, Director Kenda B. Gonzales sold 9,308 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $34.79, for a total value of $323,825.32. Following the sale, the director directly owned 48,158 shares of the company’s stock, valued at $1,675,416.82. This represents a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Gregory L. Jackson sold 11,271 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $31.78, for a total transaction of $358,192.38. Following the transaction, the chairman directly owned 64,949 shares in the company, valued at $2,064,079.22. The trade was a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.46% of the company’s stock.

Perdoceo Education 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.