Perdoceo Education Corporation $PRDO Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lowered its stake in Perdoceo Education Corporation (NASDAQ:PRDO) by 3.7% during the second quarter, HoldingsChannel reports. The firm owned 231,407 shares of the company’s stock after selling 8,900 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Perdoceo Education were worth $7,565,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Allianz Asset Management GmbH increased its stake in Perdoceo Education by 212.6% in the 1st quarter. Allianz Asset Management GmbH now owns 62,026 shares of the company’s stock valued at $1,562,000 after buying an additional 42,186 shares during the period. Acadian Asset Management LLC increased its stake in shares of Perdoceo Education by 110.8% during the second quarter. Acadian Asset Management LLC now owns 923,698 shares of the company’s stock worth $30,173,000 after acquiring an additional 485,571 shares during the period. Northern Trust Corp raised its holdings in Perdoceo Education by 16.6% during the first quarter. Northern Trust Corp now owns 1,064,875 shares of the company’s stock worth $26,814,000 after purchasing an additional 151,977 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Perdoceo Education in the first quarter valued at about $206,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Perdoceo Education by 18.7% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 154,911 shares of the company’s stock valued at $3,901,000 after purchasing an additional 24,411 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PRDO shares. Wall Street Zen downgraded Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 12th. Barrington Research reiterated an “outperform” rating and issued a $42.00 price objective on shares of Perdoceo Education in a research report on Wednesday, November 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Perdoceo Education presently has a consensus rating of “Buy” and an average target price of $42.00.

Perdoceo Education Stock Performance

Shares of PRDO stock opened at $28.79 on Friday. The stock has a fifty day moving average price of $34.11 and a 200 day moving average price of $32.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27. The stock has a market cap of $1.85 billion, a PE ratio of 12.46, a P/E/G ratio of 0.92 and a beta of 0.84. Perdoceo Education Corporation has a 1 year low of $23.87 and a 1 year high of $38.02.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $211.87 million during the quarter, compared to analysts’ expectations of $207.02 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the business posted $0.57 earnings per share. Perdoceo Education has set its Q4 2025 guidance at 0.530-0.550 EPS. FY 2025 guidance at 2.540-2.560 EPS. Sell-side analysts forecast that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a $0.15 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. Perdoceo Education’s dividend payout ratio is currently 25.64%.

Insider Transactions at Perdoceo Education

In related news, SVP Elise Baskel sold 21,212 shares of Perdoceo Education stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 72,142 shares in the company, valued at $2,524,970. The trade was a 22.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Gregory L. Jackson sold 16,561 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $33.51, for a total value of $554,959.11. Following the completion of the sale, the chairman directly owned 60,962 shares in the company, valued at approximately $2,042,836.62. The trade was a 21.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 122,341 shares of company stock valued at $4,243,839 in the last ninety days. Corporate insiders own 2.11% of the company’s stock.

About Perdoceo Education

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.