Globeflex Capital L P Purchases New Holdings in Perdoceo Education Corporation $PRDO

Globeflex Capital L P acquired a new position in shares of Perdoceo Education Corporation (NASDAQ:PRDO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,616 shares of the company’s stock, valued at approximately $916,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in shares of Perdoceo Education by 108.2% during the fourth 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 grew its stake in shares of Perdoceo Education by 34.6% in the 4th quarter. IFP Advisors Inc now owns 1,363 shares of the company’s stock worth $40,000 after buying an additional 350 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Perdoceo Education by 48.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,132 shares of the company’s stock worth $63,000 after buying an additional 699 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Perdoceo Education during the 1st quarter valued at approximately $83,000. Finally, Mcguire Capital Advisors Inc. bought a new position in Perdoceo Education during the 4th quarter valued at approximately $69,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Perdoceo Education Stock Down 0.0%

Shares of NASDAQ PRDO opened at $33.01 on Tuesday. The firm has a market cap of $2.07 billion, a P/E ratio of 12.05, a PEG ratio of 0.70 and a beta of 0.71. Perdoceo Education Corporation has a twelve month low of $26.66 and a twelve month high of $38.50. The company has a 50 day moving average of $32.77 and a 200 day moving average of $33.76.

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

Perdoceo Education Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, September 1st will be given a $0.17 dividend. This is a positive change from Perdoceo Education’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. Perdoceo Education’s payout ratio is presently 21.90%.

Insider Activity

In other news, Chairman Gregory L. Jackson sold 11,271 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $31.78, for a total transaction of $358,192.38. Following the completion of the transaction, the chairman directly owned 64,949 shares of the company’s stock, valued at $2,064,079.22. The trade was a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenda B. Gonzales sold 9,308 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were 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 in the company, valued at approximately $1,675,416.82. This trade represents a 16.20% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PRDO has been the topic of several analyst reports. Barrington Research set a $44.00 target price on Perdoceo Education in a report on Friday, May 8th. Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a report on Friday, July 17th. Finally, Wall Street Zen lowered Perdoceo Education from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Two research 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, the company currently has an average rating of “Moderate Buy” and an average price target of $44.00.

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.