Perdoceo Education Corporation $PRDO Position Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC grew its holdings in shares of Perdoceo Education Corporation (NASDAQ:PRDO) by 23.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,129 shares of the company’s stock after purchasing an additional 3,232 shares during the period. Hsbc Holdings PLC’s holdings in Perdoceo Education were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. IFP Advisors Inc bought a new position in shares of Perdoceo Education during the 1st quarter valued at about $25,000. Jefferies Financial Group Inc. bought a new position in shares of Perdoceo Education during the 1st quarter valued at about $206,000. Point72 Asset Management L.P. boosted its position in shares of Perdoceo Education by 31.7% during the 4th quarter. Point72 Asset Management L.P. now owns 7,900 shares of the company’s stock valued at $209,000 after purchasing an additional 1,900 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Perdoceo Education during the 1st quarter valued at about $267,000. Finally, Centiva Capital LP bought a new position in shares of Perdoceo Education during the 4th quarter valued at about $338,000. Institutional investors own 93.46% of the company’s stock.

Perdoceo Education Stock Performance

Shares of PRDO opened at $32.81 on Wednesday. Perdoceo Education Corporation has a one year low of $20.55 and a one year high of $34.60. The company has a 50-day moving average of $30.90 and a two-hundred day moving average of $29.06. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 0.87 and a beta of 0.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.27 and a quick ratio of 4.26.

Perdoceo Education (NASDAQ:PRDO) last announced its earnings results on Thursday, July 31st. The company reported $0.67 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $206.92 million. During the same period last year, the company posted $0.60 earnings per share. The business’s revenue for the quarter was up 25.7% on a year-over-year basis. 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, equities research analysts expect that Perdoceo Education Corporation will post 2.41 earnings per share for the current year.

Perdoceo Education Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be issued a $0.15 dividend. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Perdoceo Education’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 1.8%. Perdoceo Education’s dividend payout ratio is 22.51%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and set a $40.00 price objective on shares of Perdoceo Education in a research report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Perdoceo Education presently has a consensus rating of “Buy” and an average target price of $40.00.

Insiders Place Their Bets

In other news, CFO Ashish R. Ghia sold 53,081 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $30.70, for a total value of $1,629,586.70. Following the completion of the sale, the chief financial officer directly owned 157,632 shares of the company’s stock, valued at $4,839,302.40. This represents a 25.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Greg E. Jansen sold 30,234 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $33.00, for a total transaction of $997,722.00. Following the completion of the sale, the senior vice president directly owned 96,279 shares of the company’s stock, valued at $3,177,207. This trade represents a 23.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 212,584 shares of company stock valued at $6,760,254 over the last ninety days. 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.