Legal & General Group Plc Makes New $4.65 Million Investment in Perdoceo Education Corporation $PRDO

Legal & General Group Plc bought a new position in shares of Perdoceo Education Corporation (NASDAQ:PRDO) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 145,197 shares of the company’s stock, valued at approximately $4,646,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Perdoceo Education by 19.2% during the 1st quarter. Royal Bank of Canada now owns 10,663 shares of the company’s stock worth $269,000 after acquiring an additional 1,717 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Perdoceo Education by 2.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,278 shares of the company’s stock worth $1,417,000 after purchasing an additional 1,235 shares during the period. Goldman Sachs Group Inc. raised its holdings in Perdoceo Education by 49.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company’s stock worth $38,964,000 after purchasing an additional 513,599 shares during the period. Jane Street Group LLC boosted its position in shares of Perdoceo Education by 117.5% during the first quarter. Jane Street Group LLC now owns 267,312 shares of the company’s stock worth $6,731,000 after purchasing an additional 144,395 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Perdoceo Education by 192.2% in the 2nd quarter. Marshall Wace LLP now owns 80,212 shares of the company’s stock valued at $2,622,000 after buying an additional 52,762 shares during the period. 93.46% of the stock is owned by institutional investors.

Insider Activity at Perdoceo Education

In other news, Chairman Gregory L. Jackson sold 11,271 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $31.78, for a total transaction of $358,192.38. Following the completion of the transaction, the chairman directly owned 64,949 shares of the company’s stock, valued at $2,064,079.22. This represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.46% of the stock is currently owned by company insiders.

Perdoceo Education Stock Up 0.3%

Shares of PRDO stock opened at $33.19 on Friday. The firm has a fifty day moving average of $32.92 and a 200-day moving average of $33.88. Perdoceo Education Corporation has a 12-month low of $26.66 and a 12-month high of $38.50. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 0.70 and a beta of 0.73.

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

Perdoceo Education Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Tuesday, September 1st will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change from Perdoceo Education’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, September 1st. Perdoceo Education’s dividend payout ratio is presently 24.82%.

Analyst Upgrades and Downgrades

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

About Perdoceo Education

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.