16,520 Shares in Perdoceo Education Corporation $PRDO Bought by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in shares of Perdoceo Education Corporation (NASDAQ:PRDO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,520 shares of the company’s stock, valued at approximately $535,000.

Several other large investors have also added to or reduced their stakes in PRDO. Bellars Harris Wealth Management LLC purchased a new stake in Perdoceo Education in the second quarter valued at approximately $6,816,000. GSA Capital Partners LLP raised its position in Perdoceo Education by 392.3% during the 4th quarter. GSA Capital Partners LLP now owns 61,197 shares of the company’s stock worth $1,795,000 after buying an additional 48,765 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in Perdoceo Education during the 4th quarter valued at approximately $4,936,000. Vanguard Group Inc. boosted its holdings in shares of Perdoceo Education by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 4,465,353 shares of the company’s stock valued at $130,969,000 after acquiring an additional 115,797 shares during the last quarter. Finally, Manning & Napier Advisors LLC increased its stake in shares of Perdoceo Education by 28.4% in the first quarter. Manning & Napier Advisors LLC now owns 216,066 shares of the company’s stock worth $8,040,000 after acquiring an additional 47,839 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In other Perdoceo Education news, Chairman Gregory L. Jackson sold 11,271 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $31.78, for a total transaction of $358,192.38. Following the completion of the transaction, the chairman directly owned 64,949 shares in the company, valued at approximately $2,064,079.22. This represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.46% of the company’s stock.

Perdoceo Education Stock Up 0.3%

NASDAQ:PRDO opened at $33.09 on Thursday. Perdoceo Education Corporation has a 52 week low of $26.66 and a 52 week high of $38.50. The stock’s 50-day moving average price is $32.91 and its 200-day moving average price is $33.87. The stock has a market capitalization of $2.07 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.70 and a beta of 0.73.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. The company had revenue of $213.35 million for the quarter, compared to the consensus estimate of $212.50 million. Perdoceo Education had a return on equity of 18.93% and a net margin of 20.62%.Perdoceo Education’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.67 earnings per share. Perdoceo Education has set its Q3 2026 guidance at 0.730-0.740 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Sell-side analysts expect that Perdoceo Education Corporation will post 3.13 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Tuesday, September 1st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. This is an increase from Perdoceo Education’s previous quarterly dividend of $0.15. Perdoceo Education’s dividend payout ratio is 24.82%.

Analysts Set New Price Targets

A number of research firms have weighed in on PRDO. Barrington Research set a $44.00 price objective on Perdoceo Education in a research note on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Perdoceo Education in a research report on Friday, July 17th. Finally, Wall Street Zen cut shares of Perdoceo Education from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

About Perdoceo Education

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.