BlackRock Inc. Purchases New Holdings in Perdoceo Education Corporation $PRDO

BlackRock Inc. acquired a new position in Perdoceo Education Corporation (NASDAQ:PRDO) in the 2nd quarter, HoldingsChannel reports. The fund acquired 9,194,267 shares of the company’s stock, valued at approximately $294,217,000. BlackRock Inc. owned 0.15% of Perdoceo Education as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Perdoceo Education by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 4,465,353 shares of the company’s stock valued at $130,969,000 after buying an additional 115,797 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Perdoceo Education by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,907,383 shares of the company’s stock worth $145,395,000 after acquiring an additional 108,727 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Perdoceo Education by 2.2% during the 1st quarter. First Trust Advisors LP now owns 2,970,195 shares of the company’s stock worth $110,521,000 after acquiring an additional 64,399 shares during the last quarter. State Street Corp boosted its holdings in Perdoceo Education by 0.8% during the 4th quarter. State Street Corp now owns 2,411,020 shares of the company’s stock valued at $70,715,000 after acquiring an additional 19,658 shares during the period. Finally, Copeland Capital Management LLC grew its position in Perdoceo Education by 8.0% in the 1st quarter. Copeland Capital Management LLC now owns 1,854,135 shares of the company’s stock valued at $68,992,000 after acquiring an additional 137,285 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PRDO. Barrington Research set a $44.00 target price on Perdoceo Education in a research note on Friday, May 8th. Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a report on Friday, July 17th. Finally, Wall Street Zen downgraded shares of Perdoceo Education from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.00.

Insider Transactions at Perdoceo Education

In other news, Director Kenda B. Gonzales sold 9,308 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $34.79, for a total value of $323,825.32. Following the completion of the sale, the director owned 48,158 shares in the company, valued at approximately $1,675,416.82. The trade was a 16.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Gregory L. Jackson sold 11,271 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $31.78, for a total transaction of $358,192.38. Following the completion of the sale, the chairman owned 64,949 shares of the company’s stock, valued at approximately $2,064,079.22. This represents a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.46% of the stock is owned by corporate insiders.

Perdoceo Education Stock Up 0.1%

PRDO opened at $33.46 on Thursday. The stock’s fifty day moving average is $32.83 and its two-hundred day moving average is $33.79. The company has a market capitalization of $2.09 billion, a P/E ratio of 12.21, a PEG ratio of 0.71 and a beta of 0.71. Perdoceo Education Corporation has a 52 week low of $26.66 and a 52 week high of $38.50.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Thursday, August 6th. The company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. Perdoceo Education had a return on equity of 18.93% and a net margin of 20.62%.The business had revenue of $213.35 million during the quarter, compared to analysts’ expectations of $212.50 million. During the same period in the prior year, the business earned $0.67 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Perdoceo Education has set its Q3 2026 guidance at 0.730-0.740 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Equities analysts anticipate that Perdoceo Education Corporation will post 3.13 earnings per share for the current year.

Perdoceo Education Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Tuesday, September 1st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. This is a boost from Perdoceo Education’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, September 1st. Perdoceo Education’s payout ratio is currently 21.90%.

Perdoceo Education 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.