Allianz Asset Management GmbH Has $2.27 Million Position in Perdoceo Education Corporation $PRDO

Allianz Asset Management GmbH grew its position in Perdoceo Education Corporation (NASDAQ:PRDO) by 11.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 69,295 shares of the company’s stock after purchasing an additional 7,269 shares during the quarter. Allianz Asset Management GmbH’s holdings in Perdoceo Education were worth $2,265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Perdoceo Education by 2.2% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,037 shares of the company’s stock valued at $557,000 after purchasing an additional 361 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of Perdoceo Education by 4.7% during the 1st quarter. AlphaQuest LLC now owns 8,976 shares of the company’s stock valued at $226,000 after purchasing an additional 399 shares during the last quarter. Equitable Trust Co. grew its holdings in shares of Perdoceo Education by 3.3% during the 2nd quarter. Equitable Trust Co. now owns 14,024 shares of the company’s stock valued at $458,000 after purchasing an additional 451 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in Perdoceo Education by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 37,194 shares of the company’s stock worth $1,216,000 after acquiring an additional 570 shares during the last quarter. Finally, IFP Advisors Inc bought a new stake in Perdoceo Education during the 1st quarter worth approximately $25,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Perdoceo Education Stock Up 0.1%

Shares of NASDAQ PRDO opened at $36.88 on Friday. The company has a market capitalization of $2.40 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 0.97 and a beta of 0.88. Perdoceo Education Corporation has a 52-week low of $20.97 and a 52-week high of $38.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27. The company’s 50 day moving average price is $34.71 and its 200-day moving average price is $31.59.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $209.58 million for 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 EPS. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. Equities analysts forecast that Perdoceo Education Corporation will post 2.41 earnings per share for the current year.

Perdoceo Education Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a $0.15 dividend. This is an increase from Perdoceo Education’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, September 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.6%. Perdoceo Education’s dividend payout ratio is presently 25.97%.

Insider Transactions at Perdoceo Education

In related news, CFO Ashish R. Ghia sold 53,081 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $30.70, for a total transaction of $1,629,586.70. Following the transaction, the chief financial officer owned 157,632 shares in the company, valued at $4,839,302.40. The trade was a 25.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Elise Baskel sold 21,212 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $35.00, for a total transaction of $742,420.00. Following the transaction, the senior vice president owned 72,142 shares in the company, valued at $2,524,970. The trade was a 22.72% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 205,656 shares of company stock worth $6,871,148. Company insiders own 2.11% of the company’s stock.

Analyst Upgrades and Downgrades

PRDO has been the topic of a number of research reports. Barrington Research reissued an “outperform” rating and set a $42.00 target price on shares of Perdoceo Education in a report on Tuesday. Wall Street Zen raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 19th. Finally, Weiss Ratings reissued 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, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $42.00.

About Perdoceo Education

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.