Perdoceo Education (NASDAQ:PRDO) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Perdoceo Education (NASDAQ:PRDO) from a strong-buy rating to a buy rating in a research report report published on Wednesday morning.

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

Perdoceo Education Stock Down 0.8%

Shares of PRDO stock opened at $31.29 on Wednesday. Perdoceo Education has a 12 month low of $23.87 and a 12 month high of $38.02. The company has a quick ratio of 4.26, a current ratio of 4.27 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.01 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 0.92 and a beta of 0.84. The stock has a 50 day moving average of $34.63 and a 200-day moving average of $32.32.

Perdoceo Education (NASDAQ:PRDO) last released its earnings results on Tuesday, November 4th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The business 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 firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the business earned $0.57 earnings per share. 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, equities analysts predict that Perdoceo Education will post 2.41 EPS for the current year.

Perdoceo Education Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, November 28th. Perdoceo Education’s dividend payout ratio (DPR) is currently 25.64%.

Insider Buying and Selling

In other news, SVP Greg E. Jansen sold 30,234 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $33.00, for a total transaction of $997,722.00. Following the completion of the transaction, the senior vice president directly owned 96,279 shares in the company, valued at approximately $3,177,207. The trade was a 23.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Elise Baskel sold 21,212 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $35.00, for a total value of $742,420.00. Following the completion of the sale, the senior vice president directly owned 72,142 shares of the company’s stock, valued at approximately $2,524,970. This trade represents a 22.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 152,575 shares of company stock valued at $5,241,561 in the last three months. 2.11% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Copeland Capital Management LLC bought a new position in shares of Perdoceo Education during the third quarter worth $35,497,000. Nuveen LLC acquired a new stake in Perdoceo Education during the 1st quarter worth $18,758,000. Goldman Sachs Group Inc. lifted its holdings in Perdoceo Education by 49.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company’s stock worth $38,964,000 after acquiring an additional 513,599 shares in the last quarter. Acadian Asset Management LLC grew its stake 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 during the period. Finally, Millennium Management LLC increased its holdings in shares of Perdoceo Education by 48.9% in 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. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.