Louisiana State Employees Retirement System Takes $997,000 Position in Perdoceo Education Corporation $PRDO

Louisiana State Employees Retirement System acquired a new position in shares of Perdoceo Education Corporation (NASDAQ:PRDO) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 26,800 shares of the company’s stock, valued at approximately $997,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Copeland Capital Management LLC raised its holdings in shares of Perdoceo Education by 82.1% during the fourth quarter. Copeland Capital Management LLC now owns 1,716,850 shares of the company’s stock worth $50,355,000 after purchasing an additional 774,285 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Perdoceo Education by 49.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company’s stock valued at $38,964,000 after buying an additional 513,599 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Perdoceo Education by 183,302.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 390,647 shares of the company’s stock valued at $11,458,000 after buying an additional 390,434 shares during the last quarter. Cerity Partners LLC grew its position in shares of Perdoceo Education by 874.1% during the 4th quarter. Cerity Partners LLC now owns 325,400 shares of the company’s stock valued at $9,544,000 after buying an additional 291,994 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Perdoceo Education by 10.6% during the fourth quarter. First Trust Advisors LP now owns 2,905,796 shares of the company’s stock worth $85,227,000 after acquiring an additional 278,825 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, SVP Julia A. Leeman sold 11,315 shares of Perdoceo Education stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $35.51, for a total transaction of $401,795.65. Following the sale, the senior vice president owned 21,924 shares of the company’s stock, valued at $778,521.24. The trade was a 34.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michele A. Peppers sold 14,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $34.50, for a total value of $483,000.00. Following the transaction, 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 position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 68,428 shares of company stock valued at $2,482,197. 1.46% of the stock is currently owned by insiders.

Perdoceo Education Stock Performance

Perdoceo Education stock opened at $34.43 on Friday. The company has a 50-day simple moving average of $33.68 and a 200-day simple moving average of $33.26. The firm has a market capitalization of $2.16 billion, a P/E ratio of 13.19, a P/E/G ratio of 0.74 and a beta of 0.70. Perdoceo Education Corporation has a one year low of $26.66 and a one year high of $38.50.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings data 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. Perdoceo Education had a net margin of 19.91% and a return on equity of 18.51%. The firm had revenue of $221.74 million for the quarter, compared to the consensus estimate of $218.40 million. During the same period last year, the firm posted $0.70 EPS. Perdoceo Education’s quarterly revenue was up 4.1% compared to the same quarter last year. 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, sell-side analysts forecast that Perdoceo Education Corporation will post 3.11 earnings per share for the current year.

Perdoceo Education Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Barrington Research set a $44.00 target price on shares of Perdoceo Education in a report on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Perdoceo Education in a research report on Tuesday, April 21st. Finally, Zacks Research cut Perdoceo Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Two 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

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.