Virtus Advisers LLC Purchases New Holdings in Perdoceo Education Corporation $PRDO

Virtus Advisers LLC acquired a new stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,424 shares of the company’s stock, valued at approximately $622,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Salomon & Ludwin LLC raised its position in shares of Perdoceo Education by 72.6% in the 4th quarter. Salomon & Ludwin LLC now owns 811 shares of the company’s stock valued at $25,000 after purchasing an additional 341 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Perdoceo Education by 108.2% during the fourth quarter. Fifth Third Bancorp now owns 970 shares of the company’s stock worth $28,000 after buying an additional 504 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Perdoceo Education by 34.6% in the fourth quarter. IFP Advisors Inc now owns 1,363 shares of the company’s stock worth $40,000 after buying an additional 350 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Perdoceo Education by 48.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,132 shares of the company’s stock worth $63,000 after buying an additional 699 shares during the last quarter. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Perdoceo Education in the fourth quarter worth $69,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Perdoceo Education Stock Down 0.6%

NASDAQ:PRDO opened at $32.48 on Friday. The company has a market cap of $2.03 billion, a PE ratio of 11.85, a P/E/G ratio of 0.70 and a beta of 0.71. The business’s 50 day moving average is $32.78 and its two-hundred day moving average is $33.75. Perdoceo Education Corporation has a 52 week low of $26.66 and a 52 week high of $38.50.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. The business had revenue of $213.35 million during the quarter, compared to the consensus estimate of $212.50 million. Perdoceo Education had a return on equity of 18.93% and a net margin of 20.62%.The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $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. As a group, sell-side analysts expect that Perdoceo Education Corporation will post 3.13 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, September 1st. This is a positive change from Perdoceo Education’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 2.1%. Perdoceo Education’s payout ratio is presently 21.90%.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, Director Kenda B. Gonzales sold 9,308 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $34.79, for a total transaction of $323,825.32. Following the sale, the director directly owned 48,158 shares of the company’s stock, valued at approximately $1,675,416.82. This represents a 16.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Gregory L. Jackson sold 11,271 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $31.78, for a total transaction of $358,192.38. Following the sale, the chairman directly owned 64,949 shares in the company, valued at $2,064,079.22. This trade represents a 14.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.46% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Barrington Research set a $44.00 price objective on shares of Perdoceo Education in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Perdoceo Education from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a research note on Friday, July 17th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Perdoceo Education currently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Perdoceo Education Profile

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.