Summit Global Investments Buys New Stake in Perdoceo Education Corporation $PRDO

Summit Global Investments bought a new stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 26,303 shares of the company’s stock, valued at approximately $842,000.

A number of other large investors have also recently bought and sold shares of PRDO. Salomon & Ludwin LLC increased its position in Perdoceo Education by 72.6% during the 4th quarter. Salomon & Ludwin LLC now owns 811 shares of the company’s stock worth $25,000 after purchasing an additional 341 shares in the last quarter. Fifth Third Bancorp raised its stake in Perdoceo Education by 108.2% in the 4th quarter. Fifth Third Bancorp now owns 970 shares of the company’s stock valued at $28,000 after purchasing an additional 504 shares during the last quarter. IFP Advisors Inc lifted its holdings in Perdoceo Education by 34.6% in the 4th quarter. IFP Advisors Inc now owns 1,363 shares of the company’s stock valued at $40,000 after purchasing an additional 350 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Perdoceo Education by 48.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,132 shares of the company’s stock valued at $63,000 after purchasing an additional 699 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Perdoceo Education in the 1st quarter valued at about $83,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling at Perdoceo Education

In related news, Director Kenda B. Gonzales sold 9,308 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $34.79, for a total value of $323,825.32. Following the transaction, the director directly owned 48,158 shares of the company’s stock, valued at approximately $1,675,416.82. This trade represents a 16.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Gregory L. Jackson sold 11,271 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $31.78, for a total value of $358,192.38. Following the completion of the transaction, the chairman owned 64,949 shares in the company, valued at approximately $2,064,079.22. This trade represents a 14.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.46% of the stock is owned by insiders.

Analyst Ratings Changes

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

Perdoceo Education Price Performance

Shares of PRDO stock opened at $32.01 on Friday. The firm’s 50-day simple moving average is $32.96 and its 200-day simple moving average is $33.72. Perdoceo Education Corporation has a 1-year low of $26.66 and a 1-year high of $38.50. The firm has a market cap of $2.00 billion, a P/E ratio of 11.68, a PEG ratio of 0.68 and a beta of 0.71.

Perdoceo Education (NASDAQ:PRDO) last released its earnings results on Thursday, August 6th. The company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. Perdoceo Education had a net margin of 20.62% and a return on equity of 18.93%. The firm had revenue of $213.35 million during the quarter, compared to the consensus estimate of $212.50 million. During the same period in the previous year, the firm earned $0.67 earnings per share. Perdoceo Education’s revenue was up 1.8% compared to the same quarter last year. 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. Analysts expect that Perdoceo Education Corporation will post 3.13 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, September 1st will be issued a $0.17 dividend. This is a boost from Perdoceo Education’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.1%. Perdoceo Education’s dividend payout ratio (DPR) is 24.82%.

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.