Strategic Education (NASDAQ:STRA – Free Report) had its price target cut by Truist Financial from $145.00 to $120.00 in a research report released on Wednesday, Benzinga reports. They currently have a buy rating on the health services provider’s stock.
Several other analysts have also issued reports on the company. Barrington Research reaffirmed an “outperform” rating and issued a $135.00 target price on shares of Strategic Education in a research note on Thursday, September 26th. StockNews.com downgraded Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Finally, BMO Capital Markets lowered their price objective on Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $126.00.
Check Out Our Latest Research Report on STRA
Strategic Education Price Performance
STRA traded down $0.41 during midday trading on Wednesday, hitting $88.34. The stock had a trading volume of 105,834 shares, compared to its average volume of 129,437. The company has a market cap of $2.17 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 1.26 and a beta of 0.56. The business has a fifty day moving average of $93.10 and a 200 day moving average of $104.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.57. Strategic Education has a 1 year low of $76.94 and a 1 year high of $123.62.
Strategic Education (NASDAQ:STRA – Get Free Report) last issued its earnings results on Wednesday, July 31st. The health services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.14. The business had revenue of $312.30 million during the quarter, compared to analyst estimates of $308.16 million. Strategic Education had a return on equity of 7.47% and a net margin of 9.84%. Strategic Education’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. As a group, equities analysts forecast that Strategic Education will post 4.65 earnings per share for the current fiscal year.
Strategic Education Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.72%. Strategic Education’s dividend payout ratio is presently 56.87%.
Insider Activity at Strategic Education
In other Strategic Education news, Director Viet D. Dinh bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average price of $95.59 per share, for a total transaction of $477,950.00. Following the completion of the acquisition, the director now directly owns 20,020 shares in the company, valued at $1,913,711.80. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.10% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Strategic Education
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its stake in Strategic Education by 83.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,817 shares of the health services provider’s stock worth $1,230,000 after purchasing an additional 5,358 shares during the period. Wedge Capital Management L L P NC purchased a new stake in Strategic Education in the second quarter worth $1,357,000. Quadrature Capital Ltd purchased a new stake in Strategic Education in the first quarter worth $738,000. Goldman Sachs Group Inc. grew its stake in Strategic Education by 103.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 253,390 shares of the health services provider’s stock worth $23,406,000 after purchasing an additional 128,961 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Strategic Education by 7.4% in the second quarter. Envestnet Asset Management Inc. now owns 369,728 shares of the health services provider’s stock worth $40,914,000 after purchasing an additional 25,455 shares during the period. 93.27% of the stock is owned by hedge funds and other 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.
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