Strategic Education Inc. (NASDAQ:STRA – Get Free Report) has been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $87.00.
A number of research firms have commented on STRA. Truist Financial lowered their target price on shares of Strategic Education from $85.00 to $80.00 and set a “hold” rating for the company in a report on Monday, April 27th. BMO Capital Markets lowered their price objective on shares of Strategic Education from $95.00 to $86.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. Zacks Research lowered shares of Strategic Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategic Education in a research report on Tuesday, April 21st. Finally, Wall Street Zen downgraded Strategic Education from a “buy” rating to a “hold” rating in a research note on Wednesday, June 24th.
Read Our Latest Research Report on STRA
Strategic Education Trading Up 3.4%
Strategic Education (NASDAQ:STRA – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The health services provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.09). The company had revenue of $305.93 million during the quarter, compared to the consensus estimate of $329.81 million. Strategic Education had a return on equity of 8.78% and a net margin of 10.21%.The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $1.30 EPS. On average, equities research analysts forecast that Strategic Education will post 7.2 earnings per share for the current fiscal year.
Strategic Education Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 22nd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.40 annualized dividend and a yield of 3.0%. Strategic Education’s payout ratio is 42.40%.
Insider Transactions at Strategic Education
In other news, insider Christa Hokenson sold 2,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $80.00, for a total transaction of $160,000.00. Following the completion of the transaction, the insider directly owned 65,195 shares in the company, valued at $5,215,600. This represents a 2.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Thawley acquired 665 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was bought at an average price of $72.71 per share, with a total value of $48,352.15. Following the acquisition, the director directly owned 12,154 shares in the company, valued at $883,717.34. This represents a 5.79% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 3.60% of the company’s stock.
Institutional Trading of Strategic Education
Institutional investors and hedge funds have recently bought and sold shares of the business. Axiom Investment Management LLC bought a new position in shares of Strategic Education during the 1st quarter worth approximately $25,000. Allworth Financial LP grew its position in shares of Strategic Education by 88.5% in the third quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock valued at $25,000 after purchasing an additional 138 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of Strategic Education by 154.2% in the fourth quarter. Hantz Financial Services Inc. now owns 333 shares of the health services provider’s stock valued at $27,000 after purchasing an additional 202 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Strategic Education by 85.2% during the second quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock worth $33,000 after purchasing an additional 178 shares during the period. Finally, Sankala Group LLC bought a new position in shares of Strategic Education during the fourth quarter worth approximately $37,000. Institutional investors own 93.27% of the company’s stock.
About Strategic Education
Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.
Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.
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