Principal Financial Group Inc. Has $12.38 Million Stock Holdings in Perdoceo Education Corporation $PRDO

Principal Financial Group Inc. reduced its stake in Perdoceo Education Corporation (NASDAQ:PRDO) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 332,776 shares of the company’s stock after selling 20,517 shares during the period. Principal Financial Group Inc.’s holdings in Perdoceo Education were worth $12,383,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Fifth Third Bancorp boosted its holdings in shares of Perdoceo Education by 5,533.8% during the 1st quarter. Fifth Third Bancorp now owns 54,648 shares of the company’s stock worth $2,033,000 after buying an additional 53,678 shares during the period. Manning & Napier Advisors LLC lifted its position in Perdoceo Education by 28.4% during the first quarter. Manning & Napier Advisors LLC now owns 216,066 shares of the company’s stock worth $8,040,000 after acquiring an additional 47,839 shares during the last quarter. DGS Capital Management LLC lifted its position in Perdoceo Education by 0.9% during the first quarter. DGS Capital Management LLC now owns 47,534 shares of the company’s stock worth $1,769,000 after acquiring an additional 410 shares during the last quarter. LVZ Inc. boosted its holdings in shares of Perdoceo Education by 3.7% during the first quarter. LVZ Inc. now owns 17,715 shares of the company’s stock worth $659,000 after acquiring an additional 636 shares during the period. Finally, Inspire Investing LLC acquired a new position in shares of Perdoceo Education in the first quarter valued at approximately $1,894,000. 93.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

PRDO has been the subject of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Perdoceo Education in a research note on Friday, July 17th. Zacks Research downgraded Perdoceo Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Barrington Research set a $44.00 price objective on Perdoceo Education in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, Director Patrick W. Gross sold 3,647 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.98, for a total transaction of $127,572.06. Following the sale, the director owned 114,970 shares of the company’s stock, valued at approximately $4,021,650.60. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kenda B. Gonzales sold 9,308 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $34.79, for a total transaction of $323,825.32. Following the transaction, the director owned 48,158 shares of the company’s stock, valued at $1,675,416.82. This trade represents a 16.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 38,270 shares of company stock valued at $1,336,193 in the last quarter. 1.46% of the stock is owned by company insiders.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO opened at $30.36 on Friday. Perdoceo Education Corporation has a 1 year low of $26.66 and a 1 year high of $38.50. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 0.66 and a beta of 0.70. The company’s 50 day simple moving average is $33.33 and its 200 day simple moving average is $33.65.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.06. Perdoceo Education had a return on equity of 18.51% and a net margin of 19.91%.The company had revenue of $221.74 million for the quarter, compared to analyst estimates of $218.40 million. During the same quarter last year, the company posted $0.70 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. 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, analysts anticipate that Perdoceo Education Corporation will post 3.11 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.0%. Perdoceo Education’s dividend payout ratio is 22.99%.

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.