Perdoceo Education (NASDAQ:PRDO) CEO Todd Nelson Sells 46,199 Shares of Stock

by · The Markets Daily

Perdoceo Education Corporation (NASDAQ:PRDOGet Free Report) CEO Todd Nelson sold 46,199 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $32.89, for a total transaction of $1,519,485.11. Following the transaction, the chief executive officer directly owned 301,782 shares of the company’s stock, valued at approximately $9,925,609.98. This trade represents a 13.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Perdoceo Education Price Performance

Shares of PRDO stock traded down $0.54 during trading hours on Thursday, reaching $32.73. The stock had a trading volume of 496,045 shares, compared to its average volume of 634,909. Perdoceo Education Corporation has a twelve month low of $26.66 and a twelve month high of $38.50. The firm has a 50-day simple moving average of $32.77 and a 200-day simple moving average of $33.93. The firm has a market capitalization of $2.05 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.70 and a beta of 0.73.

Perdoceo Education (NASDAQ:PRDOGet Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $213.35 million for the quarter, compared to the consensus estimate of $212.50 million. Perdoceo Education had a net margin of 20.62% and a return on equity of 18.93%. Perdoceo Education’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.67 EPS. 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 anticipate that Perdoceo Education Corporation will post 3.13 earnings per share for the current year.

Perdoceo Education Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Perdoceo Education’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, September 1st. Perdoceo Education’s dividend payout ratio is presently 24.82%.

Institutional Trading of Perdoceo Education

A number of hedge funds and other institutional investors have recently made changes to their positions in PRDO. Bellars Harris Wealth Management LLC bought a new stake in shares of Perdoceo Education in the 2nd quarter worth $6,816,000. GSA Capital Partners LLP boosted its stake in Perdoceo Education by 392.3% during the fourth quarter. GSA Capital Partners LLP now owns 61,197 shares of the company’s stock valued at $1,795,000 after buying an additional 48,765 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in Perdoceo Education during the fourth quarter worth about $4,936,000. Inspire Investing LLC acquired a new position in Perdoceo Education during the first quarter worth about $1,894,000. Finally, Manning & Napier Advisors LLC raised its position in Perdoceo Education by 28.4% in the first quarter. Manning & Napier Advisors LLC now owns 216,066 shares of the company’s stock worth $8,040,000 after acquiring an additional 47,839 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on PRDO. Weiss Ratings reissued a “buy (b)” rating on shares of Perdoceo Education in a report on Friday, July 17th. Wall Street Zen lowered Perdoceo Education from a “buy” rating to a “hold” rating in a research 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

Check Out Our Latest Analysis on Perdoceo Education

Perdoceo Education Company Profile

(Get Free Report)

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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