Mackenzie Financial Corp Purchases 30,604 Shares of Perdoceo Education Corporation $PRDO

Mackenzie Financial Corp lifted its holdings in Perdoceo Education Corporation (NASDAQ:PRDO) by 38.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,445 shares of the company’s stock after acquiring an additional 30,604 shares during the period. Mackenzie Financial Corp’s holdings in Perdoceo Education were worth $3,578,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PRDO. Nuveen LLC acquired a new stake in Perdoceo Education during the first quarter worth approximately $18,758,000. Goldman Sachs Group Inc. lifted its stake in Perdoceo Education by 49.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company’s stock valued at $38,964,000 after buying an additional 513,599 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Perdoceo Education by 110.8% during the 2nd quarter. Acadian Asset Management LLC now owns 923,698 shares of the company’s stock worth $30,173,000 after buying an additional 485,571 shares in the last quarter. Millennium Management LLC grew its position in shares of Perdoceo Education by 48.9% during the 1st quarter. Millennium Management LLC now owns 1,297,465 shares of the company’s stock worth $32,670,000 after buying an additional 425,893 shares during the period. Finally, Prudential Financial Inc. grew its position in shares of Perdoceo Education by 129.1% during the 2nd quarter. Prudential Financial Inc. now owns 572,527 shares of the company’s stock worth $18,716,000 after buying an additional 322,605 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Perdoceo Education Stock Performance

NASDAQ PRDO opened at $28.52 on Friday. The company has a market cap of $1.83 billion, a P/E ratio of 12.19, a PEG ratio of 0.74 and a beta of 0.94. The company has a fifty day simple moving average of $32.76 and a 200 day simple moving average of $32.25. The company has a current ratio of 4.47, a quick ratio of 4.45 and a debt-to-equity ratio of 0.01. Perdoceo Education Corporation has a 12-month low of $23.87 and a 12-month high of $38.02.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. The firm had revenue of $211.87 million for the quarter, compared to the consensus estimate of $207.02 million. Perdoceo Education had a net margin of 19.24% and a return on equity of 17.22%. The business’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 earnings per share. Perdoceo Education has set its Q4 2025 guidance at 0.530-0.550 EPS and its FY 2025 guidance at 2.540-2.560 EPS. Sell-side analysts predict that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, November 28th. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. Perdoceo Education’s payout ratio is 25.64%.

Analysts Set New Price Targets

PRDO has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Perdoceo Education in a research report on Wednesday, October 8th. Barrington Research reaffirmed an “outperform” rating and issued a $42.00 price target on shares of Perdoceo Education in a research note on Wednesday, November 5th. Finally, Wall Street Zen lowered shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 12th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Perdoceo Education presently has an average rating of “Buy” and a consensus price target of $42.00.

Insider Buying and Selling

In other news, SVP Elise Baskel sold 21,212 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $35.00, for a total value of $742,420.00. Following the completion of the sale, the senior vice president directly owned 72,142 shares of the company’s stock, valued at $2,524,970. This represents a 22.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Todd S. Nelson sold 40,000 shares of the firm’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 value of $1,406,800.00. Following the completion of the transaction, the chief executive officer owned 524,047 shares in the company, valued at $18,430,732.99. This represents a 7.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 101,212 shares of company stock valued at $3,540,420 over the last three months. Corporate insiders own 2.11% of the company’s stock.

About Perdoceo Education

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.