Assenagon Asset Management S.A. Takes Position in Perdoceo Education Corporation $PRDO

Assenagon Asset Management S.A. acquired a new position in shares of Perdoceo Education Corporation (NASDAQ:PRDO) in the 1st quarter, Holdings Channel.com reports. The fund acquired 243,037 shares of the company’s stock, valued at approximately $9,043,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PRDO. Salomon & Ludwin LLC boosted its stake in Perdoceo Education by 72.6% in the 4th quarter. Salomon & Ludwin LLC now owns 811 shares of the company’s stock worth $25,000 after purchasing an additional 341 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Perdoceo Education by 108.2% in the fourth quarter. Fifth Third Bancorp now owns 970 shares of the company’s stock valued at $28,000 after purchasing an additional 504 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Perdoceo Education by 34.6% in the fourth quarter. IFP Advisors Inc now owns 1,363 shares of the company’s stock valued at $40,000 after purchasing an additional 350 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Perdoceo Education by 48.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,132 shares of the company’s stock worth $63,000 after buying an additional 699 shares during the period. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Perdoceo Education during the fourth quarter worth about $69,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Perdoceo Education news, SVP Greg E. Jansen sold 30,158 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $38.00, for a total transaction of $1,146,004.00. Following the transaction, the senior vice president owned 82,970 shares of the company’s stock, valued at $3,152,860. The trade was a 26.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Julia A. Leeman sold 11,315 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $35.51, for a total value of $401,795.65. Following the sale, the senior vice president owned 21,924 shares in the company, valued at approximately $778,521.24. This represents a 34.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 68,428 shares of company stock valued at $2,482,197. Corporate insiders own 1.46% of the company’s stock.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO opened at $33.33 on Monday. The company’s 50-day moving average price is $33.95 and its two-hundred day moving average price is $33.13. Perdoceo Education Corporation has a one year low of $26.66 and a one year high of $38.50. The stock has a market capitalization of $2.09 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 0.71 and a beta of 0.70.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The company had revenue of $221.74 million during the quarter, compared to the consensus estimate of $218.40 million. Perdoceo Education had a net margin of 19.91% and a return on equity of 18.51%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $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. On average, analysts anticipate that Perdoceo Education Corporation will post 3.11 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.60 annualized dividend and a yield of 1.8%. Perdoceo Education’s dividend payout ratio is 22.99%.

Wall Street Analyst Weigh In

PRDO has been the subject of a number of research reports. Barrington Research set a $44.00 price objective on Perdoceo Education in a report on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a research report on Tuesday, April 21st. Finally, Zacks Research downgraded Perdoceo Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Perdoceo Education presently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

About Perdoceo Education

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.