Perdoceo Education Corporation $PRDO Stock Position Lowered by Camelot Portfolios LLC

Camelot Portfolios LLC trimmed its stake in Perdoceo Education Corporation (NASDAQ:PRDO) by 6.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,718 shares of the company’s stock after selling 2,126 shares during the quarter. Camelot Portfolios LLC’s holdings in Perdoceo Education were worth $971,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PRDO. Bank of America Corp DE grew its stake in Perdoceo Education by 21.6% in the fourth quarter. Bank of America Corp DE now owns 140,685 shares of the company’s stock valued at $3,724,000 after purchasing an additional 24,991 shares in the last quarter. Two Sigma Investments LP acquired a new position in Perdoceo Education in the 4th quarter valued at approximately $1,253,000. Two Sigma Advisers LP raised its holdings in Perdoceo Education by 70.0% in the 4th quarter. Two Sigma Advisers LP now owns 17,000 shares of the company’s stock valued at $450,000 after acquiring an additional 7,000 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Perdoceo Education in the 4th quarter valued at approximately $3,454,000. Finally, Wellington Management Group LLP grew its stake in shares of Perdoceo Education by 63.0% in the 4th quarter. Wellington Management Group LLP now owns 686,873 shares of the company’s stock valued at $18,182,000 after purchasing an additional 265,401 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Activity

In related news, SVP Greg E. Jansen sold 30,234 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $33.00, for a total value of $997,722.00. Following the sale, the senior vice president owned 96,279 shares in the company, valued at $3,177,207. This represents a 23.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Elise Baskel sold 21,212 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $35.00, for a total transaction 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 $2,524,970. The trade was a 22.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 205,656 shares of company stock valued at $6,871,148. Corporate insiders own 2.11% of the company’s stock.

Perdoceo Education Stock Up 1.1%

NASDAQ PRDO opened at $37.00 on Friday. The company has a current ratio of 4.27, a quick ratio of 4.26 and a debt-to-equity ratio of 0.01. Perdoceo Education Corporation has a 1-year low of $20.55 and a 1-year high of $37.13. The company has a 50 day moving average of $32.30 and a 200-day moving average of $30.15. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 0.98 and a beta of 0.91.

Perdoceo Education (NASDAQ:PRDO) last posted its earnings results on Thursday, July 31st. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The firm had revenue of $209.58 million for the quarter, compared to analysts’ expectations of $206.92 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The company’s revenue was up 25.7% on a year-over-year basis. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. On average, equities research analysts expect that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a $0.15 dividend. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Perdoceo Education’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.6%. Perdoceo Education’s dividend payout ratio (DPR) is presently 25.97%.

Analyst Upgrades and Downgrades

Separately, Barrington Research upped their price objective on Perdoceo Education from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $42.00.

Perdoceo Education Profile

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.