Thrivent Financial for Lutherans Cuts Stake in Perdoceo Education Co. (NASDAQ:PRDO)

Thrivent Financial for Lutherans cut its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 4.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,460 shares of the company’s stock after selling 2,526 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Perdoceo Education worth $1,167,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Perdoceo Education by 43.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,217,547 shares of the company’s stock valued at $21,380,000 after purchasing an additional 366,202 shares during the last quarter. Vanguard Group Inc. grew its position in Perdoceo Education by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 5,850,998 shares of the company’s stock valued at $102,744,000 after acquiring an additional 25,197 shares during the period. Los Angeles Capital Management LLC increased its stake in Perdoceo Education by 15.6% during the first quarter. Los Angeles Capital Management LLC now owns 63,473 shares of the company’s stock worth $1,115,000 after acquiring an additional 8,567 shares during the last quarter. Banque Cantonale Vaudoise raised its holdings in shares of Perdoceo Education by 9.9% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company’s stock worth $110,000 after purchasing an additional 565 shares during the period. Finally, DGS Capital Management LLC raised its holdings in shares of Perdoceo Education by 9.9% in the 1st quarter. DGS Capital Management LLC now owns 40,582 shares of the company’s stock worth $713,000 after purchasing an additional 3,671 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Perdoceo Education Price Performance

NASDAQ:PRDO opened at $21.58 on Friday. The business’s 50-day moving average is $22.42 and its two-hundred day moving average is $21.41. The firm has a market capitalization of $1.42 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.67 and a beta of 1.04. Perdoceo Education Co. has a 12 month low of $16.12 and a 12 month high of $26.40.

Perdoceo Education (NASDAQ:PRDO) last announced its earnings results on Wednesday, July 31st. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $166.74 million for the quarter, compared to the consensus estimate of $160.91 million. Perdoceo Education had a return on equity of 16.42% and a net margin of 20.57%. The company’s revenue was down 10.6% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. Equities analysts anticipate that Perdoceo Education Co. will post 2.19 EPS for the current year.

Perdoceo Education Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Sunday, September 1st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.41%. This is a positive change from Perdoceo Education’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, August 30th. Perdoceo Education’s dividend payout ratio (DPR) is presently 22.91%.

Insiders Place Their Bets

In other news, Chairman Gregory L. Jackson sold 26,664 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $22.70, for a total transaction of $605,272.80. Following the completion of the sale, the chairman now directly owns 58,644 shares in the company, valued at $1,331,218.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Gregory L. Jackson sold 26,664 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $22.70, for a total transaction of $605,272.80. Following the completion of the transaction, the chairman now directly owns 58,644 shares in the company, valued at approximately $1,331,218.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William Dean Hansen sold 13,185 shares of Perdoceo Education stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $23.01, for a total transaction of $303,386.85. Following the completion of the sale, the director now owns 39,016 shares of the company’s stock, valued at approximately $897,758.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,325 shares of company stock worth $1,044,656 in the last quarter. 1.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and set a $30.00 target price on shares of Perdoceo Education in a research report on Friday, September 20th.

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.