Principal Financial Group Inc. lowered its stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO – Free Report) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 332,776 shares of the company’s stock after selling 20,517 shares during the quarter. Principal Financial Group Inc. owned about 0.53% of Perdoceo Education worth $12,383,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC grew its position in 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 during the period. Fifth Third Bancorp increased its position in Perdoceo Education by 108.2% in the 4th quarter. Fifth Third Bancorp now owns 970 shares of the company’s stock valued at $28,000 after acquiring an additional 504 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Perdoceo Education by 34.6% in the fourth quarter. IFP Advisors Inc now owns 1,363 shares of the company’s stock worth $40,000 after acquiring an additional 350 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Perdoceo Education by 48.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,132 shares of the company’s stock valued at $63,000 after purchasing an additional 699 shares during the last quarter. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of Perdoceo Education in the fourth quarter valued at approximately $69,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have commented on PRDO shares. Zacks Research lowered Perdoceo Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a research note on Friday, July 17th. Finally, Barrington Research set a $44.00 price objective on Perdoceo Education in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.
Insiders Place Their Bets
In other news, SVP Julia A. Leeman sold 11,315 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $35.51, for a total transaction of $401,795.65. Following the sale, the senior vice president owned 21,924 shares of the company’s stock, valued at $778,521.24. This trade represents a 34.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michele A. Peppers sold 14,000 shares of Perdoceo Education stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $34.50, for a total value of $483,000.00. Following the transaction, the insider owned 35,748 shares in the company, valued at $1,233,306. This trade represents a 28.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 38,270 shares of company stock valued at $1,336,193 in the last three months. Insiders own 1.46% of the company’s stock.
Perdoceo Education Trading Down 1.6%
NASDAQ:PRDO opened at $30.36 on Friday. Perdoceo Education Corporation has a 1-year low of $26.66 and a 1-year high of $38.50. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.66 and a beta of 0.70. The business’s 50-day moving average price is $33.33 and its two-hundred day moving average price is $33.65.
Perdoceo Education (NASDAQ:PRDO – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The company had revenue of $221.74 million during the quarter, compared to analysts’ expectations of $218.40 million. Perdoceo Education had a return on equity of 18.51% and a net margin of 19.91%.Perdoceo Education’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 EPS. Perdoceo Education has set its FY 2026 guidance at 3.050-3.160 EPS and its Q2 2026 guidance at 0.790-0.800 EPS. Sell-side analysts predict that Perdoceo Education Corporation will post 3.11 earnings per share for the current year.
Perdoceo Education Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were issued a dividend of $0.15 per share. The ex-dividend date was Monday, June 1st. This represents a $0.60 annualized dividend and a yield of 2.0%. Perdoceo Education’s payout ratio is currently 22.99%.
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.
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