Perdoceo Education (NASDAQ:PRDO) Chairman Gregory Jackson Sells 11,271 Shares

Perdoceo Education Corporation (NASDAQ:PRDO) Chairman Gregory Jackson sold 11,271 shares of the company’s stock in a transaction that occurred 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Perdoceo Education Stock Up 0.3%

Shares of NASDAQ PRDO opened at $31.34 on Thursday. The company’s 50-day simple moving average is $33.05 and its 200-day simple moving average is $33.73. Perdoceo Education Corporation has a 52-week low of $26.66 and a 52-week high of $38.50. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 0.67 and a beta of 0.71.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $213.35 million during the quarter, compared to the consensus estimate of $212.50 million. Perdoceo Education had a net margin of 20.62% and a return on equity of 18.93%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. 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 will be paid on Thursday, September 10th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This is an increase from Perdoceo Education’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.2%. Perdoceo Education’s payout ratio is currently 21.90%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Perdoceo Education

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC grew its holdings in shares of Perdoceo Education by 72.6% during the 4th quarter. Salomon & Ludwin LLC now owns 811 shares of the company’s stock worth $25,000 after purchasing an additional 341 shares during the period. Fifth Third Bancorp lifted its position in Perdoceo Education by 108.2% in the fourth quarter. Fifth Third Bancorp now owns 970 shares of the company’s stock valued at $28,000 after buying an additional 504 shares during the last quarter. IFP Advisors Inc lifted its position in Perdoceo Education by 34.6% in the fourth quarter. IFP Advisors Inc now owns 1,363 shares of the company’s stock valued at $40,000 after buying an additional 350 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in Perdoceo Education by 48.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,132 shares of the company’s stock worth $63,000 after buying an additional 699 shares during the period. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of Perdoceo Education during the fourth quarter valued at about $69,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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.