Invesco Ltd. Decreases Holdings in Perdoceo Education Corporation $PRDO

Invesco Ltd. decreased its position in shares of Perdoceo Education Corporation (NASDAQ:PRDO) by 19.1% in the first quarter, HoldingsChannel reports. The fund owned 611,967 shares of the company’s stock after selling 144,462 shares during the quarter. Invesco Ltd.’s holdings in Perdoceo Education were worth $15,409,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Perdoceo Education during the first quarter valued at approximately $745,000. Deutsche Bank AG lifted its position in Perdoceo Education by 138.3% during the first quarter. Deutsche Bank AG now owns 138,091 shares of the company’s stock valued at $3,477,000 after acquiring an additional 80,132 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in Perdoceo Education by 9.1% during the first quarter. Pacific Ridge Capital Partners LLC now owns 52,209 shares of the company’s stock valued at $1,315,000 after acquiring an additional 4,334 shares during the last quarter. LSV Asset Management lifted its position in Perdoceo Education by 1.5% during the first quarter. LSV Asset Management now owns 1,874,274 shares of the company’s stock valued at $47,194,000 after acquiring an additional 26,969 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in Perdoceo Education during the first quarter valued at approximately $206,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Perdoceo Education Stock Performance

PRDO opened at $33.37 on Friday. Perdoceo Education Corporation has a 12-month low of $20.55 and a 12-month high of $34.60. The company has a current ratio of 4.27, a quick ratio of 4.26 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.17 billion, a PE ratio of 14.45, a P/E/G ratio of 0.87 and a beta of 0.87. The firm has a 50 day moving average of $30.83 and a two-hundred day moving average of $28.84.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The company had revenue of $209.58 million during the quarter, compared to analyst estimates of $206.92 million. During the same period last year, the firm posted $0.60 EPS. Perdoceo Education’s revenue for the quarter was up 25.7% compared to the same quarter last year. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. On average, analysts anticipate that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be given a $0.15 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.60 annualized dividend and a yield of 1.8%. This is a boost from Perdoceo Education’s previous quarterly dividend of $0.13. Perdoceo Education’s payout ratio is currently 25.97%.

Insiders Place Their Bets

In other Perdoceo Education news, SVP David C. Czeszewski sold 30,892 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $31.66, for a total value of $978,040.72. Following the sale, the senior vice president owned 92,129 shares in the company, valued at approximately $2,916,804.14. This represents a 25.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Julia A. Leeman sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $32.07, for a total value of $160,350.00. Following the completion of the sale, the senior vice president owned 29,677 shares in the company, valued at approximately $951,741.39. This represents a 14.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 166,221 shares of company stock worth $5,219,463. Corporate insiders own 2.11% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wall Street Zen downgraded shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 5th. Barrington Research reissued an “outperform” rating and set a $40.00 target price on shares of Perdoceo Education in a research report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Perdoceo Education currently has a consensus rating of “Buy” and an average target price of $40.00.

Perdoceo Education Company 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.