Perdoceo Education Corporation $PRDO Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO) by 18.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,567 shares of the company’s stock after selling 13,998 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Perdoceo Education were worth $1,980,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Allianz Asset Management GmbH increased its holdings in Perdoceo Education by 212.6% in the 1st quarter. Allianz Asset Management GmbH now owns 62,026 shares of the company’s stock valued at $1,562,000 after purchasing an additional 42,186 shares during the last quarter. Northern Trust Corp boosted its position in shares of Perdoceo Education by 16.6% during the first quarter. Northern Trust Corp now owns 1,064,875 shares of the company’s stock worth $26,814,000 after buying an additional 151,977 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of Perdoceo Education during the first quarter worth $206,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Perdoceo Education by 18.7% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 154,911 shares of the company’s stock valued at $3,901,000 after buying an additional 24,411 shares in the last quarter. Finally, Inspire Investing LLC purchased a new stake in shares of Perdoceo Education in the 2nd quarter valued at $878,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Perdoceo Education

In other news, SVP Greg E. Jansen sold 30,234 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $33.00, for a total value of $997,722.00. Following the transaction, the senior vice president owned 96,279 shares of the company’s stock, valued at approximately $3,177,207. This trade represents a 23.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Todd S. Nelson sold 40,000 shares of Perdoceo Education stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $35.17, for a total transaction of $1,406,800.00. Following the sale, the chief executive officer owned 524,047 shares of the company’s stock, valued at approximately $18,430,732.99. This represents a 7.09% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 152,575 shares of company stock valued at $5,241,561. 2.11% of the stock is currently owned by company insiders.

Perdoceo Education Stock Down 1.6%

Shares of PRDO opened at $29.64 on Wednesday. Perdoceo Education Corporation has a one year low of $23.87 and a one year high of $38.02. The company has a market capitalization of $1.91 billion, a P/E ratio of 12.83, a PEG ratio of 0.92 and a beta of 0.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.27 and a quick ratio of 4.26. The business’s 50 day simple moving average is $34.42 and its 200-day simple moving average is $32.48.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. The firm had revenue of $211.87 million for the quarter, compared to the consensus estimate of $207.02 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. Perdoceo Education has set its Q4 2025 guidance at 0.530-0.550 EPS. FY 2025 guidance at 2.540-2.560 EPS. As a group, sell-side analysts predict that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 28th. Perdoceo Education’s payout ratio is currently 25.64%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barrington Research restated an “outperform” rating and set a $42.00 target price on shares of Perdoceo Education in a report on Wednesday, November 5th. Wall Street Zen lowered shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Perdoceo Education in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $42.00.

About Perdoceo Education

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.