Perdoceo Education (NASDAQ:PRDO) Director Patrick Gross Sells 3,647 Shares

by · The Cerbat Gem

Perdoceo Education Corporation (NASDAQ:PRDO – Get Free Report) Director Patrick Gross sold 3,647 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.98, for a total value of $127,572.06. Following the completion of the transaction, the director directly owned 114,970 shares of the company’s stock, valued at approximately $4,021,650.60. This trade represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Perdoceo Education Stock Down 0.6%

Shares of PRDO traded down $0.20 during trading hours on Wednesday, reaching $34.92. 515,156 shares of the company traded hands, compared to its average volume of 589,147. The stock has a market capitalization of $2.19 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.76 and a beta of 0.73. Perdoceo Education Corporation has a fifty-two week low of $26.66 and a fifty-two week high of $38.50. The stock has a fifty day simple moving average of $35.37 and a 200 day simple moving average of $32.47.

Perdoceo Education (NASDAQ:PRDO – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. The firm had revenue of $221.74 million during the quarter, compared to the consensus estimate of $218.40 million. Perdoceo Education had a net margin of 19.91% and a return on equity of 18.51%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company 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. Research analysts predict that Perdoceo Education Corporation will post 3.11 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. Perdoceo Education’s dividend payout ratio is presently 22.99%.

Wall Street Analysts Forecast Growth

PRDO has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a research note on Tuesday, April 21st. Zacks Research downgraded Perdoceo Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Barrington Research set a $44.00 target price on Perdoceo Education in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Perdoceo Education currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

View Our Latest Stock Report on Perdoceo Education

Hedge Funds Weigh In On Perdoceo Education

Institutional investors and hedge funds have recently bought and sold shares of the stock. Summit Global Investments purchased a new position in shares of Perdoceo Education in the 3rd quarter worth $1,422,000. Envestnet Asset Management Inc. increased its stake in Perdoceo Education by 215.2% during the third quarter. Envestnet Asset Management Inc. now owns 190,888 shares of the company’s stock worth $7,189,000 after acquiring an additional 130,321 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in Perdoceo Education during the fourth quarter worth about $3,765,000. Callodine Capital Management LP increased its stake in Perdoceo Education by 11.9% during the third quarter. Callodine Capital Management LP now owns 709,582 shares of the company’s stock worth $26,723,000 after acquiring an additional 75,553 shares during the last quarter. Finally, Clark Capital Management Group Inc. raised its holdings in shares of Perdoceo Education by 67.1% in the 3rd quarter. Clark Capital Management Group Inc. now owns 331,710 shares of the company’s stock worth $12,492,000 after purchasing an additional 133,233 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Perdoceo Education Company Profile

(Get Free Report)

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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