Perdoceo Education Corporation $PRDO Position Boosted by Engineers Gate Manager LP

Engineers Gate Manager LP grew its position in shares of Perdoceo Education Corporation (NASDAQ:PRDO) by 293.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,486 shares of the company’s stock after buying an additional 77,174 shares during the period. Engineers Gate Manager LP’s holdings in Perdoceo Education were worth $3,312,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PRDO. BlackRock Inc. purchased a new position in shares of Perdoceo Education during the 2nd quarter valued at $294,217,000. California State Teachers Retirement System increased its stake in shares of Perdoceo Education by 3,726.8% in the second quarter. California State Teachers Retirement System now owns 2,320,096 shares of the company’s stock worth $72,503,000 after acquiring an additional 2,259,469 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Perdoceo Education during the second quarter worth $20,302,000. Goldman Sachs Group Inc. boosted its position in Perdoceo Education by 49.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company’s stock valued at $38,964,000 after purchasing an additional 513,599 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Perdoceo Education by 183,302.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 390,647 shares of the company’s stock valued at $11,458,000 after purchasing an additional 390,434 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, Chairman Gregory L. Jackson sold 11,271 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $31.78, for a total value of $358,192.38. Following the transaction, the chairman owned 64,949 shares of the company’s stock, valued at approximately $2,064,079.22. The trade was a 14.79% 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 hyperlink. 1.46% of the stock is owned by insiders.

Perdoceo Education Stock Performance

Shares of PRDO stock opened at $33.02 on Monday. The firm has a market capitalization of $2.07 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 0.70 and a beta of 0.73. Perdoceo Education Corporation has a 1 year low of $26.66 and a 1 year high of $38.50. The firm’s fifty day simple moving average is $32.89 and its 200 day simple moving average is $33.93.

Perdoceo Education (NASDAQ:PRDO) last released its earnings results on Thursday, August 6th. The company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. Perdoceo Education had a return on equity of 18.93% and a net margin of 20.62%.The business had revenue of $213.35 million for the quarter, compared to the consensus estimate of $212.50 million. During the same period last year, the business earned $0.67 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. 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. Equities research analysts anticipate that Perdoceo Education Corporation will post 3.13 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Tuesday, September 1st were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Perdoceo Education’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, September 1st. Perdoceo Education’s dividend payout ratio is presently 24.82%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PRDO. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a research report on Friday, July 17th. Wall Street Zen lowered Perdoceo Education from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

About Perdoceo Education

Perdoceo Education Corporation is a postsecondary education company that provides career-focused degree and credential programs primarily through online learning platforms. The company serves working adults and other nontraditional students seeking flexible education options in fields such as business, information technology, healthcare, criminal justice and related professional disciplines.

Perdoceo operates primarily through Colorado Technical University and American InterContinental University.