Strategic Education (NASDAQ:STRA) PT Raised to $135.00

Strategic Education (NASDAQ:STRA) had its price objective raised by Barrington Research from $125.00 to $135.00 in a research report report published on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the health services provider’s stock.

Several other research analysts have also weighed in on STRA. StockNews.com lowered Strategic Education from a buy rating to a hold rating in a research report on Tuesday, April 9th. Truist Financial raised shares of Strategic Education from a hold rating to a buy rating and increased their price target for the stock from $110.00 to $125.00 in a research report on Wednesday, April 17th. TheStreet upgraded shares of Strategic Education from a c+ rating to a b rating in a research note on Thursday, February 29th. BMO Capital Markets lifted their target price on shares of Strategic Education from $103.00 to $123.00 and gave the company an outperform rating in a research note on Friday, March 1st. Finally, Bank of America upped their price target on shares of Strategic Education from $104.00 to $124.00 and gave the stock a buy rating in a research note on Tuesday, March 5th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Strategic Education presently has a consensus rating of Buy and a consensus target price of $131.75.

Strategic Education Price Performance

NASDAQ STRA opened at $121.06 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04. Strategic Education has a 1 year low of $64.53 and a 1 year high of $121.29. The company has a market cap of $2.98 billion, a PE ratio of 28.69, a PEG ratio of 1.40 and a beta of 0.50. The stock’s 50-day moving average price is $101.89 and its two-hundred day moving average price is $94.36.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Thursday, April 25th. The health services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.60 by $0.51. Strategic Education had a net margin of 8.70% and a return on equity of 6.78%. The business had revenue of $290.25 million during the quarter, compared to the consensus estimate of $274.02 million. On average, analysts predict that Strategic Education will post 4.75 EPS for the current year.

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 24th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Thursday, May 23rd. Strategic Education’s dividend payout ratio (DPR) is presently 56.87%.

Insider Transactions at Strategic Education

In other news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the transaction, the chief executive officer now owns 161,359 shares in the company, valued at approximately $15,488,850.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Strategic Education news, CFO Daniel Wayne Jackson sold 3,713 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total transaction of $356,262.35. Following the completion of the sale, the chief financial officer now owns 71,770 shares of the company’s stock, valued at $6,886,331.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total value of $1,230,591.80. Following the transaction, the chief executive officer now owns 161,359 shares in the company, valued at approximately $15,488,850.41. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of Strategic Education

Several large investors have recently modified their holdings of STRA. SG Americas Securities LLC lifted its position in Strategic Education by 320.0% during the 3rd quarter. SG Americas Securities LLC now owns 13,155 shares of the health services provider’s stock worth $990,000 after acquiring an additional 10,023 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Strategic Education during the 3rd quarter worth about $1,338,000. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in shares of Strategic Education by 8.8% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 5,192 shares of the health services provider’s stock worth $391,000 after purchasing an additional 422 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Strategic Education by 3.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 11,676 shares of the health services provider’s stock valued at $879,000 after purchasing an additional 349 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Strategic Education by 30.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,787 shares of the health services provider’s stock valued at $285,000 after buying an additional 894 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.