Thrivent Financial for Lutherans Sells 5,982 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Thrivent Financial for Lutherans lowered its holdings in Perdoceo Education Co. (NASDAQ:PRDO) by 11.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,478 shares of the company’s stock after selling 5,982 shares during the period. Thrivent Financial for Lutherans’ holdings in Perdoceo Education were worth $1,078,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Quarry LP raised its position in Perdoceo Education by 1,306.3% during the second quarter. Quarry LP now owns 1,350 shares of the company’s stock valued at $29,000 after purchasing an additional 1,254 shares in the last quarter. Blue Trust Inc. grew its holdings in Perdoceo Education by 38.7% in the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock worth $38,000 after acquiring an additional 492 shares during the last quarter. Quest Partners LLC bought a new stake in Perdoceo Education in the 2nd quarter worth $39,000. Fifth Third Bancorp increased its position in shares of Perdoceo Education by 650.6% in the second quarter. Fifth Third Bancorp now owns 1,884 shares of the company’s stock valued at $40,000 after acquiring an additional 1,633 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of Perdoceo Education during the second quarter valued at about $74,000. Institutional investors own 93.46% of the company’s stock.

Perdoceo Education Stock Performance

PRDO stock opened at $27.45 on Monday. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 0.81 and a beta of 1.04. The business’s 50 day moving average price is $23.34 and its two-hundred day moving average price is $22.70. Perdoceo Education Co. has a fifty-two week low of $16.12 and a fifty-two week high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.06. The company had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. Perdoceo Education’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.64 EPS. Sell-side analysts forecast that Perdoceo Education Co. will post 2.27 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Monday, December 2nd. Perdoceo Education’s dividend payout ratio is presently 26.13%.

Analysts Set New Price Targets

PRDO has been the subject of a number of recent analyst reports. StockNews.com lowered Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Barrington Research boosted their price objective on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th.

Insiders Place Their Bets

In other news, insider Michele A. Peppers sold 6,476 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total transaction of $135,996.00. Following the sale, the insider now owns 61,952 shares of the company’s stock, valued at $1,300,992. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP John Robert Kline sold 30,574 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $26.47, for a total transaction of $809,293.78. Following the transaction, the senior vice president now owns 130,405 shares in the company, valued at approximately $3,451,820.35. This trade represents a 18.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,450 shares of company stock valued at $1,036,206. Insiders own 1.81% 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.