Fifth Third Bancorp Buys 53,678 Shares of Perdoceo Education Corporation $PRDO

Fifth Third Bancorp raised its stake in Perdoceo Education Corporation (NASDAQ:PRDO) by 5,533.8% during the first quarter, HoldingsChannel reports. The fund owned 54,648 shares of the company’s stock after buying an additional 53,678 shares during the period. Fifth Third Bancorp’s holdings in Perdoceo Education were worth $2,033,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Copeland Capital Management LLC boosted its stake in Perdoceo Education by 82.1% in the 4th 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 in the last quarter. Goldman Sachs Group Inc. raised its holdings in Perdoceo Education by 49.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company’s stock worth $38,964,000 after buying an additional 513,599 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Perdoceo Education by 183,302.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 390,647 shares of the company’s stock worth $11,458,000 after buying an additional 390,434 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Perdoceo Education by 874.1% in the fourth quarter. Cerity Partners LLC now owns 325,400 shares of the company’s stock worth $9,544,000 after buying an additional 291,994 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Perdoceo Education by 10.6% in the fourth quarter. First Trust Advisors LP now owns 2,905,796 shares of the company’s stock worth $85,227,000 after buying an additional 278,825 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Perdoceo Education Trading Down 3.6%

NASDAQ:PRDO opened at $29.41 on Thursday. The company has a market cap of $1.84 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 0.65 and a beta of 0.70. The company has a 50 day simple moving average of $33.48 and a two-hundred day simple moving average of $33.66. Perdoceo Education Corporation has a 12 month low of $26.66 and a 12 month high of $38.50.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly 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 firm had revenue of $221.74 million for the quarter, compared to analysts’ expectations of $218.40 million. Perdoceo Education had a return on equity of 18.51% and a net margin of 19.91%.The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 EPS. 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. Research analysts forecast that Perdoceo Education Corporation will post 3.11 earnings per share for the current year.

Perdoceo Education Dividend Announcement

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 dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, June 1st. Perdoceo Education’s dividend payout ratio is 22.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PRDO shares. Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a report on Friday, July 17th. Zacks Research cut Perdoceo Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Barrington Research set a $44.00 price objective on Perdoceo Education in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Perdoceo Education currently has an average rating of “Moderate Buy” and an average price target of $44.00.

Insider Transactions at Perdoceo Education

In other Perdoceo Education news, insider Michele A. Peppers sold 14,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $34.50, for a total transaction of $483,000.00. Following the completion of the sale, the insider directly owned 35,748 shares in the company, valued at $1,233,306. The trade was a 28.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Patrick W. Gross sold 3,647 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.98, for a total transaction of $127,572.06. Following the sale, the director directly owned 114,970 shares of the company’s stock, valued at $4,021,650.60. The trade was a 3.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,270 shares of company stock worth $1,336,193 in the last ninety days. Insiders own 1.46% of the company’s stock.

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.