Public Sector Pension Investment Board Boosts Stake in Perdoceo Education Corporation $PRDO

Public Sector Pension Investment Board increased its stake in Perdoceo Education Corporation (NASDAQ:PRDO) by 9.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 278,276 shares of the company’s stock after acquiring an additional 23,022 shares during the period. Public Sector Pension Investment Board owned about 0.43% of Perdoceo Education worth $10,480,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Perdoceo Education by 19.2% during the first quarter. Royal Bank of Canada now owns 10,663 shares of the company’s stock worth $269,000 after purchasing an additional 1,717 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Perdoceo Education by 2.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,278 shares of the company’s stock valued at $1,417,000 after buying an additional 1,235 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Perdoceo Education by 49.7% during the 1st 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 in the last quarter. Jane Street Group LLC lifted its position in Perdoceo Education by 117.5% in the 1st quarter. Jane Street Group LLC now owns 267,312 shares of the company’s stock worth $6,731,000 after buying an additional 144,395 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Perdoceo Education by 11.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,165 shares of the company’s stock worth $332,000 after buying an additional 1,082 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

PRDO has been the topic of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Perdoceo Education in a research note on Thursday, January 22nd. Barrington Research reiterated an “outperform” rating and issued a $42.00 target price on shares of Perdoceo Education in a research report on Monday, January 5th. Finally, Wall Street Zen lowered shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $42.00.

Perdoceo Education Stock Performance

Perdoceo Education stock opened at $31.43 on Monday. The company has a current ratio of 4.47, a quick ratio of 4.45 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.02 billion, a P/E ratio of 13.43, a P/E/G ratio of 0.75 and a beta of 0.90. Perdoceo Education Corporation has a 1-year low of $23.87 and a 1-year high of $38.02. The firm has a 50-day moving average of $30.67 and a 200-day moving average of $32.03.

Perdoceo Education Company 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.