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

Summit Global Investments acquired a new position in shares of Perdoceo Education Corporation (NASDAQ:PRDO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,761 shares of the company’s stock, valued at approximately $1,422,000.

Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of 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. lifted its stake in Perdoceo Education by 2.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,278 shares of the company’s stock worth $1,417,000 after purchasing an additional 1,235 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Perdoceo Education by 49.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company’s stock valued at $38,964,000 after purchasing an additional 513,599 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Perdoceo Education by 117.5% in the 1st quarter. Jane Street Group LLC now owns 267,312 shares of the company’s stock valued at $6,731,000 after purchasing an additional 144,395 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Perdoceo Education by 7.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 36,664 shares of the company’s stock valued at $1,198,000 after purchasing an additional 2,436 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PRDO has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a research note on Thursday, January 22nd. Wall Street Zen cut shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 12th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $42.00 price target on shares of Perdoceo Education in a report on Monday, January 5th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Perdoceo Education currently has an average rating of “Buy” and an average price target of $42.00.

Perdoceo Education Stock Performance

Shares of Perdoceo Education stock opened at $32.03 on Friday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 0.76 and a beta of 0.92. Perdoceo Education Corporation has a twelve month low of $23.87 and a twelve month high of $38.02. The company’s fifty day moving average is $30.01 and its 200 day moving average is $31.82. The company has a quick ratio of 4.45, a current ratio of 4.47 and a debt-to-equity ratio of 0.01.

Perdoceo Education (NASDAQ:PRDO) last announced its earnings results on Tuesday, November 4th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. Perdoceo Education had a return on equity of 17.22% and a net margin of 19.24%.The firm had revenue of $211.87 million for the quarter, compared to the consensus estimate of $207.02 million. During the same period in the previous year, the business earned $0.57 EPS. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. Perdoceo Education has set its Q4 2025 guidance at 0.530-0.550 EPS and its FY 2025 guidance at 2.540-2.560 EPS. Sell-side analysts forecast that Perdoceo Education Corporation will post 2.41 EPS for the current year.

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.