Jupiter Topco LLC Buys Shares of 29,952 Perdoceo Education Corporation $PRDO

Jupiter Topco LLC bought a new stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO) in the second quarter, Holdings Channel reports. The fund bought 29,952 shares of the company’s stock, valued at approximately $959,000.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Perdoceo Education in the 2nd quarter worth approximately $294,217,000. Bank of New York Mellon Corp purchased a new position in Perdoceo Education in the second quarter valued at approximately $20,302,000. Goldman Sachs Group Inc. grew its holdings in Perdoceo Education by 49.7% during the first 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 during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Perdoceo Education by 183,302.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 390,647 shares of the company’s stock valued at $11,458,000 after purchasing an additional 390,434 shares during the period. Finally, Callodine Capital Management LP increased its position in Perdoceo Education by 36.6% in the first quarter. Callodine Capital Management LP now owns 1,316,540 shares of the company’s stock worth $48,988,000 after buying an additional 352,850 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Activity at Perdoceo Education

In other news, Chairman Gregory L. Jackson sold 11,271 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $31.78, for a total value of $358,192.38. Following the completion of the transaction, the chairman directly owned 64,949 shares of the company’s stock, valued at $2,064,079.22. This trade represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.46% of the stock is owned by insiders.

Perdoceo Education Stock Up 0.0%

NASDAQ PRDO opened at $33.20 on Friday. The company’s 50 day moving average is $32.91 and its 200-day moving average is $33.88. Perdoceo Education Corporation has a 12-month low of $26.66 and a 12-month high of $38.50. The firm has a market cap of $2.08 billion, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 0.71 and a beta of 0.73.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Perdoceo Education had a net margin of 20.62% and a return on equity of 18.93%. The company had revenue of $213.35 million during the quarter, compared to the consensus estimate of $212.50 million. During the same period last year, the firm earned $0.67 EPS. Perdoceo Education’s revenue for the quarter was up 1.8% on a year-over-year basis. 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 expect that Perdoceo Education Corporation will post 3.13 EPS for the current year.

Perdoceo Education Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.17 per share. This is an increase from Perdoceo Education’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, September 1st. Perdoceo Education’s dividend payout ratio (DPR) is currently 24.82%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PRDO shares. Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a research note on Friday, July 17th. Wall Street Zen downgraded Perdoceo Education from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.00.

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.