Perdoceo Education Corporation $PRDO Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO) by 83.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,412 shares of the company’s stock after selling 202,625 shares during the quarter. Assenagon Asset Management S.A. owned about 0.06% of Perdoceo Education worth $1,293,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Salomon & Ludwin LLC boosted its holdings in shares of Perdoceo Education by 72.6% in the fourth quarter. Salomon & Ludwin LLC now owns 811 shares of the company’s stock valued at $25,000 after acquiring an additional 341 shares in the last quarter. Fifth Third Bancorp raised its holdings in Perdoceo Education by 108.2% during the fourth quarter. Fifth Third Bancorp now owns 970 shares of the company’s stock worth $28,000 after purchasing an additional 504 shares in the last quarter. IFP Advisors Inc raised its holdings in Perdoceo Education by 34.6% during the fourth quarter. IFP Advisors Inc now owns 1,363 shares of the company’s stock worth $40,000 after purchasing an additional 350 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Perdoceo Education by 48.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,132 shares of the company’s stock worth $63,000 after purchasing an additional 699 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Perdoceo Education in the first quarter worth approximately $83,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PRDO. 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 price objective on Perdoceo Education in a report on Friday, May 8th. Wall Street Zen cut Perdoceo Education from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Zacks Research lowered Perdoceo Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Perdoceo Education has a consensus rating of “Moderate Buy” and an average target price of $44.00.

Perdoceo Education Stock Performance

NASDAQ PRDO opened at $32.01 on Friday. The firm’s 50 day moving average price is $32.96 and its two-hundred day moving average price is $33.72. Perdoceo Education Corporation has a twelve month low of $26.66 and a twelve month high of $38.50. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 0.68 and a beta of 0.71.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $213.35 million for the quarter, compared to analyst estimates of $212.50 million. Perdoceo Education had a return on equity of 18.93% and a net margin of 20.62%.Perdoceo Education’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $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. On average, research analysts forecast that Perdoceo Education Corporation will post 3.13 EPS 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. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.17 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.68 annualized dividend and a dividend 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 presently 21.90%.

Insider Buying and Selling at Perdoceo Education

In related news, Chairman Gregory L. Jackson sold 11,271 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $31.78, for a total transaction of $358,192.38. Following the completion of the sale, the chairman directly owned 64,949 shares in the company, valued at approximately $2,064,079.22. This trade represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenda B. Gonzales sold 9,308 shares of Perdoceo Education stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $34.79, for a total value of $323,825.32. Following the sale, the director directly owned 48,158 shares of the company’s stock, valued at approximately $1,675,416.82. The trade was a 16.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.46% of the company’s stock.

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.