Manning & Napier Advisors LLC Raises Holdings in Perdoceo Education Corporation $PRDO

Manning & Napier Advisors LLC lifted its position in Perdoceo Education Corporation (NASDAQ:PRDO) by 28.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 216,066 shares of the company’s stock after purchasing an additional 47,839 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Perdoceo Education were worth $8,040,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC grew its holdings in Perdoceo Education by 72.6% during the 4th quarter. Salomon & Ludwin LLC now owns 811 shares of the company’s stock valued at $25,000 after buying an additional 341 shares in the last quarter. Fifth Third Bancorp increased its stake in Perdoceo Education by 108.2% in the 4th quarter. Fifth Third Bancorp now owns 970 shares of the company’s stock worth $28,000 after acquiring an additional 504 shares during the last quarter. IFP Advisors Inc increased its stake in 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 acquiring an additional 350 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Perdoceo Education by 48.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,132 shares of the company’s stock worth $63,000 after acquiring an additional 699 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. purchased a new stake in shares of Perdoceo Education during the 4th quarter worth approximately $69,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PRDO has been the subject of a number of recent research reports. Barrington Research set a $44.00 target price on shares of Perdoceo Education in a report on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a research note on Tuesday, April 21st. Finally, Zacks Research downgraded shares of Perdoceo Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Perdoceo Education presently has an average rating of “Moderate Buy” and a consensus price target of $44.00.

Perdoceo Education Stock Up 0.2%

PRDO traded up $0.08 during trading on Friday, reaching $35.71. The company had a trading volume of 491,271 shares, compared to its average volume of 646,445. The business has a 50 day simple moving average of $33.87 and a 200-day simple moving average of $33.48. The stock has a market cap of $2.24 billion, a P/E ratio of 13.68, a PEG ratio of 0.77 and a beta of 0.70. Perdoceo Education Corporation has a 52 week low of $26.66 and a 52 week high of $38.50.

Perdoceo Education (NASDAQ:PRDO) last announced its earnings results on Thursday, May 7th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. The business had revenue of $221.74 million for the quarter, compared to the consensus estimate of $218.40 million. Perdoceo Education had a net margin of 19.91% and a return on equity of 18.51%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Perdoceo Education has set its FY 2026 guidance at 3.050-3.160 EPS and its Q2 2026 guidance at 0.790-0.800 EPS. As a group, equities research analysts expect that Perdoceo Education Corporation will post 3.11 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, June 1st. Perdoceo Education’s dividend payout ratio is 22.99%.

Insider Activity

In other Perdoceo Education news, insider Michele A. Peppers sold 14,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $34.50, for a total value of $483,000.00. Following the completion of the sale, the insider owned 35,748 shares of the company’s stock, valued at $1,233,306. This trade represents a 28.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Julia A. Leeman sold 11,315 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $35.51, for a total value of $401,795.65. Following the transaction, the senior vice president owned 21,924 shares of the company’s stock, valued at $778,521.24. This trade represents a 34.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 38,270 shares of company stock worth $1,336,193 in the last ninety days. 1.46% of the stock is currently owned by company insiders.

About Perdoceo Education

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.