Boston Partners Sells 272,599 Shares of Perdoceo Education Corporation $PRDO

Boston Partners lowered its holdings in shares of Perdoceo Education Corporation (NASDAQ:PRDO) by 22.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 937,090 shares of the company’s stock after selling 272,599 shares during the period. Boston Partners owned 1.44% of Perdoceo Education worth $29,956,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its position in shares of Perdoceo Education by 2.7% in the first quarter. Principal Financial Group Inc. now owns 327,431 shares of the company’s stock valued at $8,245,000 after buying an additional 8,468 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Perdoceo Education by 58.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,088,105 shares of the company’s stock valued at $27,398,000 after purchasing an additional 403,157 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Perdoceo Education by 147.3% during the 1st quarter. Victory Capital Management Inc. now owns 168,913 shares of the company’s stock valued at $4,253,000 after purchasing an additional 100,602 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new position in Perdoceo Education during the first quarter worth $529,000. Finally, IFP Advisors Inc acquired a new position in shares of Perdoceo Education in the first quarter valued at $25,000. Institutional investors own 93.46% of the company’s stock.

Perdoceo Education Price Performance

Shares of Perdoceo Education stock opened at $31.29 on Thursday. The company has a quick ratio of 4.26, a current ratio of 4.27 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 13.55, 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 50-day simple moving average of $34.63 and a two-hundred day simple moving average of $32.32.

Perdoceo Education (NASDAQ:PRDO) last announced its earnings results 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. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. 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 business posted $0.57 EPS. The business’s revenue 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. FY 2025 guidance at 2.540-2.560 EPS. Analysts forecast that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, November 28th. Perdoceo Education’s dividend payout ratio is presently 25.64%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Perdoceo Education news, SVP Elise Baskel sold 21,212 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $35.00, for a total transaction of $742,420.00. Following the sale, the senior vice president directly owned 72,142 shares in the company, valued at $2,524,970. This represents a 22.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Todd S. Nelson sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $35.17, for a total transaction of $1,406,800.00. Following the completion of the transaction, the chief executive officer owned 524,047 shares of the company’s stock, valued at $18,430,732.99. The trade was a 7.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 152,575 shares of company stock valued at $5,241,561. Company insiders own 2.11% of the company’s stock.

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.