Strategic Education (NASDAQ:STRA) Stock Breaks Above Two Hundred Day Moving Average – Here’s Why

Strategic Education Inc. (NASDAQ:STRA – Get Free Report) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $80.29 and traded as high as $80.33. Strategic Education shares last traded at $79.28, with a volume of 172,201 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on STRA. BMO Capital Markets lowered their target price on Strategic Education from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday. Wall Street Zen upgraded Strategic Education from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Barrington Research set a $105.00 price objective on shares of Strategic Education in a research report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a research note on Friday, July 17th. Finally, Truist Financial upped their price objective on shares of Strategic Education from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $96.67.

Check Out Our Latest Research Report on Strategic Education

Strategic Education Stock Up 1.1%

The firm has a fifty day moving average of $81.59 and a 200-day moving average of $80.28. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 0.73 and a beta of 0.47.

Strategic Education (NASDAQ:STRA – Get Free Report) last posted its earnings results on Wednesday, July 29th. The health services provider reported $1.76 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.04). The firm had revenue of $321.60 million during the quarter, compared to analyst estimates of $327.55 million. Strategic Education had a net margin of 10.46% and a return on equity of 8.98%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company posted $1.54 EPS. As a group, research analysts forecast that Strategic Education Inc. will post 7.23 EPS for the current fiscal year.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Friday, September 4th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, September 4th. Strategic Education’s payout ratio is currently 40.00%.

Institutional Investors Weigh In On Strategic Education

Large investors have recently bought and sold shares of the stock. Axiom Investment Management LLC acquired a new position in shares of Strategic Education in the first quarter worth $25,000. Sankala Group LLC purchased a new stake in Strategic Education during the 4th quarter worth about $37,000. Rockefeller Capital Management L.P. increased its position in Strategic Education by 305.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 616 shares of the health services provider’s stock worth $49,000 after purchasing an additional 464 shares in the last quarter. Allworth Financial LP acquired a new position in Strategic Education in the 2nd quarter valued at about $49,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Strategic Education in the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Company Profile

(Get Free Report)

Strategic Education, Inc is a postsecondary education company that provides career-focused academic programs and education services in the United States. The company operates primarily through Strayer University and Capella University, serving working adults and other students through online learning, physical campuses and flexible academic formats.

Strayer University offers undergraduate and graduate degree programs, professional certificates and other career-oriented courses in areas such as business, information technology, healthcare, criminal justice and education.

Further Reading

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