Thrivent Financial for Lutherans Sells 92,870 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Thrivent Financial for Lutherans lessened its position in shares of Perdoceo Education Co. (NASDAQ:PRDO – Get Rating) by 57.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,899 shares of the company’s stock after selling 92,870 shares during the quarter. Thrivent Financial for Lutherans owned 0.10% of Perdoceo Education worth $958,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PRDO. SummerHaven Investment Management LLC boosted its position in shares of Perdoceo Education by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 65,630 shares of the company’s stock worth $912,000 after purchasing an additional 798 shares during the period. Citigroup Inc. increased its stake in Perdoceo Education by 2.0% in the 1st quarter. Citigroup Inc. now owns 68,899 shares of the company’s stock worth $791,000 after buying an additional 1,331 shares in the last quarter. Captrust Financial Advisors raised its holdings in Perdoceo Education by 63.7% during the first quarter. Captrust Financial Advisors now owns 4,248 shares of the company’s stock valued at $49,000 after acquiring an additional 1,653 shares during the period. Mutual of America Capital Management LLC lifted its position in shares of Perdoceo Education by 16.7% in the third quarter. Mutual of America Capital Management LLC now owns 13,481 shares of the company’s stock valued at $139,000 after acquiring an additional 1,929 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Perdoceo Education by 0.9% in the second quarter. Rhumbline Advisers now owns 205,587 shares of the company’s stock worth $2,422,000 after acquiring an additional 1,933 shares during the period. Institutional investors own 91.01% of the company’s stock.

Insider Transactions at Perdoceo Education

In related news, SVP David C. Czeszewski sold 11,671 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $12.01, for a total value of $140,168.71. Following the completion of the sale, the senior vice president now directly owns 100,533 shares in the company, valued at $1,207,401.33. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP John Robert Kline sold 10,000 shares of the company’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $13.43, for a total value of $134,300.00. Following the transaction, the senior vice president now directly owns 168,315 shares in the company, valued at $2,260,470.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David C. Czeszewski sold 11,671 shares of the company’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $12.01, for a total value of $140,168.71. Following the completion of the sale, the senior vice president now owns 100,533 shares of the company’s stock, valued at $1,207,401.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,671 shares of company stock worth $1,376,109. 2.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Perdoceo Education in a report on Thursday, May 18th. They set a “strong-buy” rating for the company. Barrington Research lifted their price target on shares of Perdoceo Education from $16.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, February 24th.

Perdoceo Education Price Performance

NASDAQ:PRDO opened at $12.29 on Wednesday. The company has a market cap of $829.58 million, a price-to-earnings ratio of 8.65, a PEG ratio of 0.47 and a beta of 1.20. Perdoceo Education Co. has a 1 year low of $9.87 and a 1 year high of $15.65. The stock’s 50 day simple moving average is $12.89 and its two-hundred day simple moving average is $13.70.

Perdoceo Education (NASDAQ:PRDO – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Perdoceo Education had a net margin of 13.88% and a return on equity of 16.28%. The company had revenue of $195.60 million for the quarter, compared to the consensus estimate of $189.36 million. Perdoceo Education’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. As a group, analysts anticipate that Perdoceo Education Co. will post 1.77 EPS for the current year.

Perdoceo Education Profile

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Perdoceo Education Corp. engages in the provision of educational services. It operates through the Colorado Technical University (CTU) and American InterContinental University (AIU) segments. The CTU segment offers academic programs in the disciplines of business studies, nursing, computer science, engineering, information systems and technology, cybersecurity and healthcare management.