Daniel Wayne Jackson Buys 1,900 Shares of Strategic Education (NASDAQ:STRA) Stock

Key Points

• Daniel Wayne Jackson, CFO of Strategic Education, acquired 1,900 shares at an average price of $81.50, increasing his total ownership to 104,136 shares valued at approximately $8.49 million.
• Strategic Education reported $1.52 earnings per share for the last quarter, exceeding estimates, with revenue reaching $321.47 million, slightly below analyst expectations.
• The company announced a quarterly dividend of $0.60, providing a yield of 2.9%, with the dividend payout ratio currently at 49.90%.

Strategic Education Inc. (NASDAQ:STRA - Get Free Report) CFO Daniel Wayne Jackson acquired 1,900 shares of the firm's stock in a transaction dated Friday, August 29th. The stock was purchased at an average cost of $81.50 per share, with a total value of $154,850.00. Following the transaction, the chief financial officer owned 104,136 shares in the company, valued at approximately $8,487,084. This trade represents a 1.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Strategic Education Stock Performance

STRA traded up $0.31 during trading hours on Tuesday, reaching $81.66. The company's stock had a trading volume of 55,861 shares, compared to its average volume of 170,158. The firm has a market cap of $1.95 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 0.96 and a beta of 0.69. The company's 50-day moving average is $79.95 and its 200-day moving average is $83.50. Strategic Education Inc. has a 52 week low of $72.25 and a 52 week high of $104.51.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The health services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. The firm had revenue of $321.47 million for the quarter, compared to analysts' expectations of $322.84 million. Strategic Education had a return on equity of 7.52% and a net margin of 9.27%.The company's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.33 EPS. Equities analysts anticipate that Strategic Education Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, September 5th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.40 annualized dividend and a yield of 2.9%. Strategic Education's dividend payout ratio is presently 49.90%.

Hedge Funds Weigh In On Strategic Education

Several hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in Strategic Education by 148.9% in the 2nd quarter. GAMMA Investing LLC now owns 331 shares of the health services provider's stock worth $28,000 after purchasing an additional 198 shares during the period. Assetmark Inc. increased its position in shares of Strategic Education by 54.3% during the second quarter. Assetmark Inc. now owns 395 shares of the health services provider's stock valued at $34,000 after buying an additional 139 shares during the period. Kestra Investment Management LLC purchased a new position in Strategic Education during the first quarter valued at approximately $82,000. Canada Pension Plan Investment Board purchased a new stake in shares of Strategic Education in the second quarter worth $94,000. Finally, EverSource Wealth Advisors LLC raised its stake in Strategic Education by 192.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,162 shares of the health services provider's stock valued at $99,000 after purchasing an additional 765 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on STRA shares. Barrington Research reaffirmed an "outperform" rating and set a $105.00 target price on shares of Strategic Education in a research report on Wednesday, July 30th. Wall Street Zen cut shares of Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, BMO Capital Markets reduced their price target on shares of Strategic Education from $98.00 to $88.00 and set an "outperform" rating for the company in a research report on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $99.33.

About Strategic Education

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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