Legal & General Group Plc purchased a new stake in Perdoceo Education Corporation (NASDAQ:PRDO – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 145,197 shares of the company’s stock, valued at approximately $4,646,000. Legal & General Group Plc owned approximately 0.23% of Perdoceo Education at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Perdoceo Education during the second quarter worth $294,217,000. Vanguard Group Inc. grew its holdings in shares of Perdoceo Education by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 4,465,353 shares of the company’s stock worth $130,969,000 after purchasing an additional 115,797 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Perdoceo Education by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,907,383 shares of the company’s stock worth $145,395,000 after purchasing an additional 108,727 shares during the last quarter. First Trust Advisors LP boosted its position in Perdoceo Education by 2.2% in the first quarter. First Trust Advisors LP now owns 2,970,195 shares of the company’s stock valued at $110,521,000 after buying an additional 64,399 shares in the last quarter. Finally, State Street Corp boosted its position in Perdoceo Education by 0.8% in the fourth quarter. State Street Corp now owns 2,411,020 shares of the company’s stock valued at $70,715,000 after buying an additional 19,658 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.
Perdoceo Education Stock Up 0.3%
PRDO stock opened at $33.19 on Friday. Perdoceo Education Corporation has a twelve month low of $26.66 and a twelve month high of $38.50. The company has a market cap of $2.08 billion, a P/E ratio of 12.11, a PEG ratio of 0.70 and a beta of 0.73. The business has a fifty day moving average of $32.92 and a 200-day moving average of $33.88.
Perdoceo Education Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change from Perdoceo Education’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, September 1st. Perdoceo Education’s payout ratio is presently 24.82%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a report on Friday, July 17th. Wall Street Zen lowered Perdoceo Education from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Barrington Research set a $44.00 price objective on Perdoceo Education in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.00.
View Our Latest Report on PRDO
Insider Buying and Selling at Perdoceo Education
In related news, Chairman Gregory L. Jackson sold 11,271 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 in the company, valued at $2,064,079.22. This represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.46% of the stock is currently owned by company insiders.
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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