Kennondale Capital Management LLC Has $4.24 Million Stock Position in Perdoceo Education Corporation $PRDO

Kennondale Capital Management LLC raised its stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO) by 42.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 112,476 shares of the company’s stock after acquiring an additional 33,722 shares during the period. Perdoceo Education makes up about 3.2% of Kennondale Capital Management LLC’s holdings, making the stock its 2nd largest holding. Kennondale Capital Management LLC’s holdings in Perdoceo Education were worth $4,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC bought a new position in shares of Perdoceo Education during the third quarter worth $25,000. First Horizon Corp purchased a new stake in Perdoceo Education in the 3rd quarter worth $29,000. Blue Trust Inc. boosted its holdings in shares of Perdoceo Education by 81.5% during the 3rd quarter. Blue Trust Inc. now owns 833 shares of the company’s stock valued at $31,000 after purchasing an additional 374 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in shares of Perdoceo Education by 166.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 836 shares of the company’s stock valued at $31,000 after purchasing an additional 522 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of 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 purchasing an additional 384 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In other Perdoceo Education news, SVP David C. Czeszewski sold 36,225 shares of Perdoceo Education stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $32.81, for a total transaction of $1,188,542.25. Following the completion of the transaction, the senior vice president directly owned 68,875 shares of the company’s stock, valued at $2,259,788.75. The trade was a 34.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.11% of the stock is owned by insiders.

Perdoceo Education Trading Up 0.2%

PRDO opened at $33.41 on Tuesday. The stock has a 50-day moving average of $31.46 and a 200 day moving average of $32.18. The company has a current ratio of 5.06, a quick ratio of 5.03 and a debt-to-equity ratio of 0.04. Perdoceo Education Corporation has a 12 month low of $23.87 and a 12 month high of $38.02. The firm has a market cap of $2.09 billion, a P/E ratio of 13.86, a P/E/G ratio of 0.73 and a beta of 0.89.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The business had revenue of $211.64 million for the quarter, compared to the consensus estimate of $209.95 million. Perdoceo Education had a return on equity of 17.59% and a net margin of 18.90%.The company’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 earnings per share. Perdoceo Education has set its Q1 2026 guidance at 0.830-0.850 EPS and its FY 2026 guidance at 2.970-3.120 EPS. As a group, research analysts forecast that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be given a $0.15 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 1.8%. Perdoceo Education’s dividend payout ratio (DPR) is currently 24.90%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Zacks Research upgraded Perdoceo Education from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Wall Street Zen cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 12th. Barrington Research reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Perdoceo Education in a report on Monday, January 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Perdoceo Education in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, Perdoceo Education has a consensus rating of “Buy” and a consensus target price of $42.00.

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.