Geode Capital Management LLC Reduces Stock Position in Perdoceo Education Corporation $PRDO

Geode Capital Management LLC trimmed its holdings in Perdoceo Education Corporation (NASDAQ:PRDO) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,570,722 shares of the company’s stock after selling 44,089 shares during the period. Geode Capital Management LLC owned about 2.42% of Perdoceo Education worth $51,352,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Acadian Asset Management LLC raised its holdings in Perdoceo Education by 110.8% in the second quarter. Acadian Asset Management LLC now owns 923,698 shares of the company’s stock valued at $30,173,000 after acquiring an additional 485,571 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its position in shares of Perdoceo Education by 252.1% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 45,483 shares of the company’s stock worth $1,487,000 after purchasing an additional 32,565 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Perdoceo Education by 155.8% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 75,685 shares of the company’s stock valued at $2,474,000 after purchasing an additional 46,099 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Perdoceo Education by 4.9% during the second quarter. Los Angeles Capital Management LLC now owns 28,211 shares of the company’s stock worth $922,000 after purchasing an additional 1,310 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. grew its stake in Perdoceo Education by 100.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the company’s stock worth $1,373,000 after purchasing an additional 21,000 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on PRDO. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a report on Wednesday, October 8th. Barrington Research restated an “outperform” rating and set a $42.00 price objective on shares of Perdoceo Education in a research note on Wednesday, November 5th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $42.00.

Perdoceo Education Price Performance

Shares of NASDAQ PRDO opened at $27.41 on Tuesday. Perdoceo Education Corporation has a 1-year low of $23.87 and a 1-year high of $38.02. 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 fifty day moving average price is $33.96 and its two-hundred day moving average price is $32.43. The firm has a market capitalization of $1.76 billion, a PE ratio of 11.87, a P/E/G ratio of 0.92 and a beta of 0.84.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The company had revenue of $211.87 million during the quarter, compared to the consensus estimate of $207.02 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. Perdoceo Education has set its Q4 2025 guidance at 0.530-0.550 EPS. FY 2025 guidance at 2.540-2.560 EPS. On average, research analysts expect that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 28th. This represents a $0.60 annualized dividend and a dividend yield of 2.2%. Perdoceo Education’s payout ratio is currently 25.64%.

Insider Buying and Selling

In other news, Chairman Gregory L. Jackson sold 4,568 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $32.50, for a total value of $148,460.00. Following the completion of the transaction, the chairman owned 60,962 shares of the company’s stock, valued at approximately $1,981,265. This represents a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Todd S. Nelson sold 40,000 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $35.17, for a total value of $1,406,800.00. Following the transaction, the chief executive officer directly owned 524,047 shares in the company, valued at $18,430,732.99. This trade represents a 7.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 105,780 shares of company stock valued at $3,688,880 in the last three months. 2.11% of the stock is currently owned by corporate insiders.

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.