Perdoceo Education (NASDAQ:PRDO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Perdoceo Education (NASDAQ:PRDO) from a buy rating to a strong-buy rating in a report released on Tuesday morning.

PRDO has been the topic of a number of other reports. Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a research report on Wednesday, October 8th. Barrington Research reissued an “outperform” rating and issued a $42.00 target price on shares of Perdoceo Education in a report on Tuesday, October 21st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Perdoceo Education has a consensus rating of “Buy” and an average price target of $42.00.

Perdoceo Education Price Performance

Perdoceo Education stock opened at $29.79 on Tuesday. The business has a 50 day simple moving average of $34.78 and a 200 day simple moving average of $32.09. 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 company has a market capitalization of $1.93 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 0.92 and a beta of 0.84. Perdoceo Education has a one year low of $23.87 and a one year high of $38.02.

Perdoceo Education (NASDAQ:PRDO) last released 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. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The firm had revenue of $211.87 million during the quarter, compared to analyst estimates of $207.02 million. During the same period in the prior year, the company posted $0.57 earnings per share. The business’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, sell-side analysts forecast that Perdoceo Education will post 2.41 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

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

Insider Activity

In other news, Chairman Gregory L. Jackson sold 4,568 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were 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 $1,981,265. The trade was a 6.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Greg E. Jansen sold 30,234 shares of Perdoceo Education stock in a transaction dated Friday, August 22nd. The stock was 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 in the company, valued at approximately $3,177,207. This represents a 23.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 152,575 shares of company stock valued at $5,241,561. Insiders own 2.11% of the company’s stock.

Institutional Investors Weigh In On Perdoceo Education

Large investors have recently modified their holdings of the business. Copeland Capital Management LLC bought a new position in shares of Perdoceo Education during the 3rd quarter valued at about $35,497,000. Nuveen LLC acquired a new stake in Perdoceo Education during the 1st quarter worth approximately $18,758,000. Goldman Sachs Group Inc. lifted its stake in Perdoceo Education by 49.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company’s stock valued at $38,964,000 after buying an additional 513,599 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of 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 buying an additional 485,571 shares during the period. Finally, Millennium Management LLC increased its position in shares of Perdoceo Education by 48.9% during the first quarter. Millennium Management LLC now owns 1,297,465 shares of the company’s stock worth $32,670,000 after acquiring an additional 425,893 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Perdoceo Education Company Profile

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.