Perdoceo Education Corporation (NASDAQ:PRDO – Get Free Report) CEO Todd Nelson sold 46,199 shares of Perdoceo Education stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $32.89, for a total transaction of $1,519,485.11. Following the sale, the chief executive officer directly owned 301,782 shares in the company, valued at $9,925,609.98. This trade represents a 13.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Perdoceo Education Trading Down 1.6%
NASDAQ:PRDO traded down $0.54 on Thursday, reaching $32.73. The stock had a trading volume of 496,045 shares, compared to its average volume of 634,909. The company has a 50-day moving average of $32.77 and a 200 day moving average of $33.93. The stock has a market cap of $2.05 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 0.70 and a beta of 0.73. Perdoceo Education Corporation has a 12-month low of $26.66 and a 12-month high of $38.50.
Perdoceo Education (NASDAQ:PRDO – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. Perdoceo Education had a return on equity of 18.93% and a net margin of 20.62%.The business had revenue of $213.35 million for the quarter, compared to analyst estimates of $212.50 million. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 earnings per share. Perdoceo Education has set its Q3 2026 guidance at 0.730-0.740 EPS and its FY 2026 guidance at 3.100-3.160 EPS. On average, equities analysts predict that Perdoceo Education Corporation will post 3.13 EPS for the current year.
Perdoceo Education Increases Dividend
Institutional Investors Weigh In On Perdoceo Education
Several institutional investors and hedge funds have recently bought and sold shares of PRDO. BlackRock Inc. bought a new position in shares of Perdoceo Education during the second quarter valued at approximately $294,217,000. Bank of New York Mellon Corp acquired a new stake in shares of Perdoceo Education during the 2nd quarter worth approximately $20,302,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Perdoceo Education by 183,302.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 390,647 shares of the company’s stock worth $11,458,000 after purchasing an additional 390,434 shares during the last quarter. Callodine Capital Management LP lifted its holdings in shares of Perdoceo Education by 36.6% in the 1st quarter. Callodine Capital Management LP now owns 1,316,540 shares of the company’s stock worth $48,988,000 after purchasing an additional 352,850 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Perdoceo Education during the 1st quarter valued at approximately $9,043,000. Institutional investors and hedge funds own 93.46% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on PRDO. Wall Street Zen lowered shares of Perdoceo Education from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.
View Our Latest Report on Perdoceo Education
Perdoceo Education Company Profile
Perdoceo Education Corporation is a postsecondary education company that provides career-focused degree and credential programs primarily through online learning platforms. The company serves working adults and other nontraditional students seeking flexible education options in fields such as business, information technology, healthcare, criminal justice and related professional disciplines.
Perdoceo operates primarily through Colorado Technical University and American InterContinental University.
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