Perdoceo Education (NASDAQ:PRDO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Perdoceo Education (NASDAQ:PRDO) from a buy rating to a strong-buy rating in a research note released on Sunday morning.

Other research analysts also recently issued reports about the stock. Barrington Research upped their price target on shares of Perdoceo Education from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Perdoceo Education in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $42.00.

Perdoceo Education Stock Up 2.0%

Shares of NASDAQ:PRDO opened at $36.43 on Friday. The company has a fifty day moving average of $34.43 and a 200-day moving average of $31.40. The company has a market capitalization of $2.37 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 0.94 and a beta of 0.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27. Perdoceo Education has a 52-week low of $20.58 and a 52-week high of $38.02.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $209.58 million during the quarter, compared to the consensus estimate of $206.92 million. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. On average, equities analysts predict that Perdoceo Education will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a $0.15 dividend. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Perdoceo Education’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 1.6%. Perdoceo Education’s dividend payout ratio (DPR) is currently 25.97%.

Insiders Place Their Bets

In other Perdoceo Education news, CEO Todd S. Nelson sold 40,000 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $35.17, for a total transaction of $1,406,800.00. Following the sale, the chief executive officer owned 524,047 shares of the company’s stock, valued at approximately $18,430,732.99. This represents a 7.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Greg E. Jansen sold 30,234 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $33.00, for a total transaction of $997,722.00. Following the sale, the senior vice president directly owned 96,279 shares in the company, valued at $3,177,207. This trade represents a 23.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 205,656 shares of company stock valued at $6,871,148 over the last ninety days. 2.11% of the stock is currently owned by corporate insiders.

Institutional Trading of Perdoceo Education

A number of institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC boosted its position in Perdoceo Education by 49.9% during the third quarter. Global Retirement Partners LLC now owns 1,154 shares of the company’s stock valued at $43,000 after acquiring an additional 384 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. bought a new stake in Perdoceo Education during the third quarter valued at $267,000. Diversified Trust Co boosted its position in Perdoceo Education by 6.9% during the third quarter. Diversified Trust Co now owns 11,965 shares of the company’s stock valued at $451,000 after acquiring an additional 769 shares during the last quarter. Copeland Capital Management LLC bought a new stake in Perdoceo Education during the third quarter valued at $35,497,000. Finally, Blue Trust Inc. boosted its position in Perdoceo Education by 81.5% during the third quarter. Blue Trust Inc. now owns 833 shares of the company’s stock valued at $31,000 after acquiring an additional 374 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Perdoceo Education Company Profile

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.