EMC Capital Management Invests $208,000 in Perdoceo Education Corporation $PRDO

EMC Capital Management bought a new stake in Perdoceo Education Corporation (NASDAQ:PRDO) during the second quarter, Holdings Channel reports. The institutional investor bought 6,365 shares of the company’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PRDO. Intech Investment Management LLC boosted its stake in Perdoceo Education by 0.9% during the 2nd quarter. Intech Investment Management LLC now owns 199,935 shares of the company’s stock worth $6,536,000 after purchasing an additional 1,813 shares during the period. SG Capital Management LLC purchased a new stake in shares of Perdoceo Education in the second quarter valued at about $6,282,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Perdoceo Education by 7.0% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,816 shares of the company’s stock worth $517,000 after buying an additional 1,033 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Perdoceo Education by 110.8% during the second quarter. Acadian Asset Management LLC now owns 923,698 shares of the company’s stock worth $30,173,000 after buying an additional 485,571 shares during the period. Finally, Campbell & CO Investment Adviser LLC grew its holdings in shares of Perdoceo Education by 252.1% during the second quarter. Campbell & CO Investment Adviser LLC now owns 45,483 shares of the company’s stock worth $1,487,000 after buying an additional 32,565 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Perdoceo Education Stock Down 1.6%

Shares of NASDAQ PRDO opened at $29.64 on Wednesday. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 0.92 and a beta of 0.84. Perdoceo Education Corporation has a 52 week low of $23.87 and a 52 week high of $38.02. The firm has a 50-day moving average price of $34.42 and a 200 day moving average price of $32.48. The company has a quick ratio of 4.26, a current ratio of 4.27 and a debt-to-equity ratio of 0.01.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Tuesday, November 4th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The company had revenue of $211.87 million for the quarter, compared to analyst estimates of $207.02 million. During the same period in the prior year, the business posted $0.57 earnings per share. The firm’s revenue for the quarter 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. FY 2025 guidance at 2.540-2.560 EPS. Equities research analysts anticipate that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 28th. Perdoceo Education’s dividend payout ratio (DPR) is presently 25.64%.

Analysts Set New Price Targets

PRDO has been the subject of several analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Perdoceo Education in a research note on Wednesday, November 5th. Wall Street Zen cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Perdoceo Education has a consensus rating of “Buy” and a consensus target price of $42.00.

Insider Transactions at Perdoceo Education

In other news, CEO Todd S. Nelson sold 40,000 shares of Perdoceo Education stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $35.17, for a total transaction of $1,406,800.00. Following the completion of the transaction, the chief executive officer owned 524,047 shares of the company’s stock, valued at $18,430,732.99. The trade was a 7.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Elise Baskel sold 21,212 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $35.00, for a total transaction of $742,420.00. Following the completion of the sale, the senior vice president owned 72,142 shares in the company, valued at $2,524,970. This represents a 22.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 152,575 shares of company stock valued at $5,241,561. Company insiders own 2.11% of the company’s stock.

About Perdoceo Education

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.