Legato Capital Management LLC Makes New Investment in Perdoceo Education Corporation $PRDO

Legato Capital Management LLC bought a new position in shares of Perdoceo Education Corporation (NASDAQ:PRDO) during the fourth quarter, HoldingsChannel.com reports. The firm bought 16,350 shares of the company’s stock, valued at approximately $480,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PRDO. Royal Bank of Canada raised 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Perdoceo Education by 2.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,278 shares of the company’s stock worth $1,417,000 after acquiring an additional 1,235 shares during the period. Goldman Sachs Group Inc. raised its stake in Perdoceo Education by 49.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company’s stock worth $38,964,000 after acquiring an additional 513,599 shares during the period. Jane Street Group LLC raised its stake in Perdoceo Education by 117.5% during the 1st quarter. Jane Street Group LLC now owns 267,312 shares of the company’s stock worth $6,731,000 after acquiring an additional 144,395 shares during the period. Finally, Marshall Wace LLP raised its stake in Perdoceo Education by 192.2% during the 2nd quarter. Marshall Wace LLP now owns 80,212 shares of the company’s stock worth $2,622,000 after acquiring an additional 52,762 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, insider Michele A. Peppers sold 14,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $34.50, for a total value of $483,000.00. Following the sale, the insider owned 35,748 shares in the company, valued at approximately $1,233,306. The trade was a 28.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Julia A. Leeman sold 11,315 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $35.51, for a total transaction of $401,795.65. Following the completion of the sale, the senior vice president owned 21,924 shares in the company, valued at $778,521.24. This represents a 34.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 199,213 shares of company stock valued at $7,097,705 in the last three months. Corporate insiders own 1.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PRDO shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Perdoceo Education in a research report on Tuesday, April 21st. Zacks Research cut shares of 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 shares of Perdoceo Education in a research 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.00.

Perdoceo Education Price Performance

Perdoceo Education stock opened at $33.89 on Wednesday. The stock has a market cap of $2.12 billion, a P/E ratio of 12.98, a PEG ratio of 0.73 and a beta of 0.73. Perdoceo Education Corporation has a 1 year low of $26.66 and a 1 year high of $38.50. The firm’s 50 day moving average price is $35.32 and its 200-day moving average price is $32.48.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data 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. The firm had revenue of $221.74 million for the quarter, compared to analysts’ expectations of $218.40 million. Perdoceo Education had a net margin of 19.91% and a return on equity of 18.51%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $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 analysts expect that Perdoceo Education Corporation will post 3.11 EPS for the current year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, June 1st. Perdoceo Education’s payout ratio is currently 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.