Thrivent Financial for Lutherans Has $1.08 Million Stock Position in Perdoceo Education Co. (NASDAQ:PRDO)

Thrivent Financial for Lutherans cut its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 11.0% in the third quarter, according to the company in its most recent filing with the Securities and 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 owned about 0.07% of Perdoceo Education worth $1,078,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Perdoceo Education by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,896,257 shares of the company’s stock worth $103,538,000 after acquiring an additional 45,259 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Perdoceo Education by 13.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,680 shares of the company’s stock valued at $329,000 after buying an additional 2,189 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in Perdoceo Education in the second quarter valued at approximately $2,570,000. SG Americas Securities LLC bought a new stake in shares of Perdoceo Education in the second quarter worth $954,000. Finally, Assenagon Asset Management S.A. bought a new stake in Perdoceo Education during the second quarter worth $3,634,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Perdoceo Education

In other news, Director Patrick W. Gross sold 3,400 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $26.74, for a total transaction of $90,916.00. Following the transaction, the director now owns 69,635 shares of the company’s stock, valued at $1,862,039.90. This represents a 4.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Robert Kline sold 30,574 shares of Perdoceo Education stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $26.47, for a total value of $809,293.78. Following the completion of the sale, the senior vice president now directly owns 130,405 shares of the company’s stock, 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. Insiders sold 40,450 shares of company stock worth $1,036,206 in the last quarter. 1.81% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PRDO. Barrington Research upped their price objective on Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. StockNews.com cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Perdoceo Education Stock Performance

Shares of PRDO stock opened at $27.45 on Monday. The company has a market cap of $1.80 billion, a P/E ratio of 13.79, a PEG ratio of 0.81 and a beta of 1.04. Perdoceo Education Co. has a fifty-two week low of $16.12 and a fifty-two week high of $29.47. The stock has a 50 day simple moving average of $23.34 and a two-hundred day simple moving average of $22.70.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.06. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The firm had revenue of $169.83 million for the quarter, compared to the consensus estimate of $164.60 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The business’s revenue was down 5.6% on a year-over-year basis. On average, research analysts predict that Perdoceo Education Co. will post 2.27 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be issued 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%.

Perdoceo Education Profile

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.