Perdoceo Education (NASDAQ:PRDO) Chairman Sells $358,192.38 in Stock

Perdoceo Education Corporation (NASDAQ:PRDO) Chairman Gregory Jackson sold 11,271 shares of the firm’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 sale, the chairman owned 64,949 shares in the company, valued at $2,064,079.22. This trade represents a 14.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Perdoceo Education Stock Up 0.4%

Shares of NASDAQ:PRDO opened at $32.01 on Friday. The company has a market cap of $2.00 billion, a P/E ratio of 11.68, a P/E/G ratio of 0.68 and a beta of 0.71. The business has a fifty day simple moving average of $32.96 and a 200-day simple moving average of $33.72. Perdoceo Education Corporation has a 52 week low of $26.66 and a 52 week high of $38.50.

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 the consensus estimate of $0.80. Perdoceo Education had a return on equity of 18.93% and a net margin of 20.62%.The firm had revenue of $213.35 million for the quarter, compared to the consensus estimate of $212.50 million. During the same period in the prior year, the business posted $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. 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 disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, September 1st. This is an increase from Perdoceo Education’s previous quarterly dividend of $0.15. Perdoceo Education’s payout ratio is currently 21.90%.

Institutional Investors Weigh In On Perdoceo Education

Several institutional investors and hedge funds have recently added to or reduced their stakes in PRDO. BlackRock Inc. acquired a new position in shares of Perdoceo Education in the 2nd quarter valued at about $294,217,000. Vanguard Group Inc. grew its holdings in shares of Perdoceo Education by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 4,465,353 shares of the company’s stock worth $130,969,000 after purchasing an additional 115,797 shares during the period. Dimensional Fund Advisors LP increased its position in Perdoceo Education by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,907,383 shares of the company’s stock worth $145,395,000 after purchasing an additional 108,727 shares in the last quarter. First Trust Advisors LP increased its position in Perdoceo Education by 2.2% during the 1st quarter. First Trust Advisors LP now owns 2,970,195 shares of the company’s stock worth $110,521,000 after purchasing an additional 64,399 shares in the last quarter. Finally, State Street Corp raised its holdings in Perdoceo Education by 0.8% in the fourth quarter. State Street Corp now owns 2,411,020 shares of the company’s stock valued at $70,715,000 after buying an additional 19,658 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Perdoceo Education from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a research report on Friday, July 17th. Zacks Research downgraded shares of Perdoceo Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Barrington Research set a $44.00 price target on shares of Perdoceo Education in a report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.