Louisiana State Employees Retirement System Buys Shares of 26,800 Perdoceo Education Corporation $PRDO

Louisiana State Employees Retirement System purchased a new position in shares of Perdoceo Education Corporation (NASDAQ:PRDO) during the first quarter, Holdings Channel.com reports. The fund purchased 26,800 shares of the company’s stock, valued at approximately $997,000.

Other institutional investors also recently made changes to their positions in the company. Salomon & Ludwin LLC boosted its holdings in shares of Perdoceo Education by 72.6% in the fourth quarter. Salomon & Ludwin LLC now owns 811 shares of the company’s stock valued at $25,000 after acquiring an additional 341 shares in the last quarter. Fifth Third Bancorp raised its holdings in 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 purchasing an additional 504 shares in the last quarter. IFP Advisors Inc raised its holdings in Perdoceo Education by 34.6% during the fourth quarter. IFP Advisors Inc now owns 1,363 shares of the company’s stock worth $40,000 after purchasing an additional 350 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in 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 purchasing an additional 699 shares during the period. Finally, Mcguire Capital Advisors Inc. acquired a new stake in Perdoceo Education in the fourth quarter worth approximately $69,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PRDO. Weiss Ratings reiterated a “buy (b)” rating on shares of Perdoceo Education in a research report on Tuesday, April 21st. Barrington Research set a $44.00 price objective on Perdoceo Education in a report on Friday, May 8th. Finally, Zacks Research cut Perdoceo Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Insider Buying and Selling at Perdoceo Education

In other news, Director Patrick W. Gross sold 3,647 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.98, for a total transaction of $127,572.06. Following the sale, the director directly owned 114,970 shares of the company’s stock, valued at $4,021,650.60. The trade was a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michele A. Peppers sold 14,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $34.50, for a total value of $483,000.00. Following the sale, the insider directly owned 35,748 shares in the company, valued at $1,233,306. This trade represents a 28.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 68,428 shares of company stock worth $2,482,197. 1.46% of the stock is owned by insiders.

Perdoceo Education Price Performance

Shares of PRDO opened at $34.43 on Friday. The firm’s 50 day moving average is $33.68 and its 200-day moving average is $33.26. Perdoceo Education Corporation has a 12-month low of $26.66 and a 12-month high of $38.50. The stock has a market capitalization of $2.16 billion, a P/E ratio of 13.19, a P/E/G ratio of 0.74 and a beta of 0.70.

Perdoceo Education (NASDAQ:PRDO) last released its earnings results on Thursday, May 7th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. The business had revenue of $221.74 million during the quarter, compared to analyst estimates of $218.40 million. Perdoceo Education had a net margin of 19.91% and a return on equity of 18.51%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 earnings per share. Perdoceo Education has set its FY 2026 guidance at 3.050-3.160 EPS and its Q2 2026 guidance at 0.790-0.800 EPS. As a group, equities research analysts forecast that Perdoceo Education Corporation will post 3.11 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, June 1st. Perdoceo Education’s dividend payout ratio is 22.99%.

Perdoceo Education Company 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.