Strategic Education Inc. (NASDAQ:STRA - Get Free Report) CFO Daniel Wayne Jackson sold 13,000 shares of the firm's stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $82.37, for a total value of $1,070,810.00. Following the completion of the transaction, the chief financial officer owned 100,096 shares in the company, valued at $8,244,907.52. This represents a 11.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Strategic Education Trading Up 1.8%
Shares of Strategic Education stock opened at $85.92 on Wednesday. The stock has a fifty day simple moving average of $81.26 and a 200 day simple moving average of $80.86. Strategic Education Inc. has a 12-month low of $72.17 and a 12-month high of $93.45. The company has a market capitalization of $1.95 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 0.82 and a beta of 0.56.
Strategic Education (NASDAQ:STRA - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The health services provider reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.27. The business had revenue of $311.46 million for the quarter, compared to analysts' expectations of $322.29 million. Strategic Education had a return on equity of 8.75% and a net margin of 9.98%.The business's revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $1.27 EPS. On average, analysts predict that Strategic Education Inc. will post 4.79 EPS for the current year.
Strategic Education Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, March 9th. Strategic Education's dividend payout ratio (DPR) is presently 44.28%.
Institutional Investors Weigh In On Strategic Education
Hedge funds have recently modified their holdings of the stock. Sankala Group LLC purchased a new position in Strategic Education in the fourth quarter valued at approximately $37,000. Pacer Advisors Inc. bought a new stake in shares of Strategic Education in the fourth quarter valued at $5,059,000. Vident Advisory LLC lifted its position in shares of Strategic Education by 10.9% during the 4th quarter. Vident Advisory LLC now owns 28,385 shares of the health services provider's stock valued at $2,276,000 after buying an additional 2,785 shares during the last quarter. State of Tennessee Department of Treasury grew its stake in shares of Strategic Education by 72.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 9,281 shares of the health services provider's stock worth $789,000 after acquiring an additional 3,907 shares during the period. Finally, NewEdge Advisors LLC purchased a new stake in Strategic Education in the 4th quarter worth about $226,000. Institutional investors own 93.27% of the company's stock.
Analysts Set New Price Targets
STRA has been the subject of several analyst reports. Wall Street Zen upgraded shares of Strategic Education from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Zacks Research raised Strategic Education from a "hold" rating to a "strong-buy" rating in a research report on Monday. Weiss Ratings reiterated a "hold (c)" rating on shares of Strategic Education in a report on Thursday, January 22nd. Finally, Barrington Research reissued an "outperform" rating and issued a $105.00 price objective on shares of Strategic Education in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Strategic Education presently has a consensus rating of "Buy" and a consensus target price of $99.33.
View Our Latest Analysis on STRA
Strategic Education Company Profile
(
Get Free Report)
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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