Thrivent Financial for Lutherans Decreases Position in Perdoceo Education Co. (NASDAQ:PRDO)

Thrivent Financial for Lutherans decreased its position in Perdoceo Education Co. (NASDAQ:PRDO) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,747 shares of the company’s stock after selling 731 shares during the period. Thrivent Financial for Lutherans’ holdings in Perdoceo Education were worth $1,264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PRDO. Smartleaf Asset Management LLC raised its stake in shares of Perdoceo Education by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock valued at $34,000 after buying an additional 913 shares during the period. R Squared Ltd purchased a new stake in Perdoceo Education in the 4th quarter worth about $60,000. KBC Group NV raised its stake in Perdoceo Education by 47.5% in the 4th quarter. KBC Group NV now owns 3,696 shares of the company’s stock valued at $98,000 after acquiring an additional 1,190 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Perdoceo Education by 53.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company’s stock valued at $103,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in Perdoceo Education during the third quarter worth about $114,000. 93.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PRDO has been the topic of several research reports. Barrington Research boosted their price target on shares of Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th.

Perdoceo Education Trading Down 1.0 %

Shares of PRDO opened at $25.18 on Tuesday. Perdoceo Education Co. has a twelve month low of $16.56 and a twelve month high of $29.84. The stock has a market cap of $1.66 billion, a PE ratio of 11.45, a P/E/G ratio of 0.75 and a beta of 1.04. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $26.63 and its 200-day moving average price is $25.32.

Perdoceo Education (NASDAQ:PRDO) last posted its earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The business had revenue of $176.43 million for the quarter, compared to analyst estimates of $160.12 million. On average, equities analysts forecast that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.07%. The ex-dividend date was Friday, February 28th. Perdoceo Education’s payout ratio is 23.64%.

Insiders Place Their Bets

In other news, SVP Elise Baskel sold 17,818 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $24.16, for a total value of $430,482.88. Following the transaction, the senior vice president now owns 93,354 shares of the company’s stock, valued at $2,255,432.64. This represents a 16.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John Robert Kline sold 12,148 shares of Perdoceo Education stock in a transaction on Monday, January 6th. The stock was sold at an average price of $25.79, for a total transaction of $313,296.92. Following the sale, the senior vice president now directly owns 130,405 shares of the company’s stock, valued at $3,363,144.95. This represents a 8.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,634 shares of company stock worth $2,494,318 in the last ninety days. 1.81% of the stock is currently owned by insiders.

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.