The Manufacturers Life Insurance Company Invests $1.01 Million in Perdoceo Education Corporation $PRDO

06 Sep 2026, 08:32 by Mitch Edgeman · The Markets Daily

The Manufacturers Life Insurance Company acquired a new stake in Perdoceo Education Corporation (NASDAQ:PRDO – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 31,527 shares of the company’s stock, valued at approximately $1,009,000.

A number of other institutional investors also recently modified their holdings of the stock. Manning & Napier Advisors LLC acquired a new stake in Perdoceo Education in the second quarter worth $6,654,000. Algert Global LLC raised its holdings in shares of Perdoceo Education by 147.7% during the second quarter. Algert Global LLC now owns 85,740 shares of the company’s stock valued at $2,744,000 after purchasing an additional 51,130 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Perdoceo Education during the 2nd quarter worth about $1,196,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Perdoceo Education during the 2nd quarter worth about $336,000. Finally, Globeflex Capital L P bought a new position in shares of Perdoceo Education during the 2nd quarter worth about $916,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Perdoceo Education

In other Perdoceo Education news, Chairman Gregory L. Jackson sold 11,271 shares of Perdoceo Education stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $31.78, for a total transaction of $358,192.38. Following the transaction, the chairman directly owned 64,949 shares of the company’s stock, valued at $2,064,079.22. The trade was a 14.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PRDO. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a research report on Friday, July 17th. Wall Street Zen lowered Perdoceo Education from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.00.

Read Our Latest Research Report on Perdoceo Education

Perdoceo Education Trading Up 0.0%

Shares of PRDO stock opened at $33.20 on Friday. The firm has a market capitalization of $2.08 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 0.71 and a beta of 0.73. The firm has a fifty day simple moving average of $32.91 and a two-hundred day simple moving average of $33.88. 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 released its quarterly earnings data on Thursday, August 6th. The company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. Perdoceo Education had a net margin of 20.62% and a return on equity of 18.93%. The firm had revenue of $213.35 million for the quarter, compared to the consensus estimate of $212.50 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.17 per share. This is a boost from Perdoceo Education’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, September 1st. This represents a $0.68 annualized dividend and a yield of 2.0%. Perdoceo Education’s dividend payout ratio (DPR) is 24.82%.

About Perdoceo Education

(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.