Strategic Education, Inc. (NASDAQ:STRA) Shares Purchased by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. raised its position in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,258,680 shares of the health services provider's stock after acquiring an additional 20,456 shares during the quarter. Burgundy Asset Management Ltd. owned approximately 5.12% of Strategic Education worth $117,586,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of STRA. R Squared Ltd acquired a new position in Strategic Education in the 4th quarter valued at about $42,000. Smartleaf Asset Management LLC grew its position in Strategic Education by 394.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 480 shares of the health services provider's stock valued at $44,000 after acquiring an additional 383 shares in the last quarter. Sterling Capital Management LLC grew its position in Strategic Education by 809.1% in the 4th quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider's stock valued at $65,000 after acquiring an additional 623 shares in the last quarter. Pacer Advisors Inc. acquired a new position in Strategic Education in the 4th quarter valued at about $96,000. Finally, KBC Group NV grew its position in Strategic Education by 53.3% in the 4th quarter. KBC Group NV now owns 1,044 shares of the health services provider's stock valued at $98,000 after acquiring an additional 363 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen raised Strategic Education from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Truist Financial set a $105.00 target price on Strategic Education in a research report on Thursday, April 24th. BMO Capital Markets boosted their price objective on Strategic Education from $97.00 to $98.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Finally, Barrington Research reissued an "outperform" rating and set a $120.00 price objective on shares of Strategic Education in a research report on Tuesday, April 15th.

Insider Buying and Selling

In related news, Director Robert R. Grusky sold 1,494 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $80.27, for a total transaction of $119,923.38. Following the completion of the sale, the director now owns 11,349 shares in the company, valued at $910,984.23. The trade was a 11.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Raymond Karl Mcdonnell sold 31,855 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $3,116,374.65. Following the sale, the chief executive officer now owns 140,281 shares of the company's stock, valued at approximately $13,723,690.23. The trade was a 18.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,826 shares of company stock worth $3,945,093 over the last 90 days. 3.30% of the stock is owned by insiders.

Strategic Education Stock Performance

Shares of Strategic Education stock opened at $87.57 on Friday. Strategic Education, Inc. has a one year low of $74.28 and a one year high of $121.60. The company has a market cap of $2.12 billion, a PE ratio of 16.68, a P/E/G ratio of 1.22 and a beta of 0.52. The business has a 50-day simple moving average of $83.24 and a 200-day simple moving average of $91.01.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The health services provider reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.29. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The business had revenue of $303.59 million during the quarter, compared to the consensus estimate of $300.67 million. During the same period in the previous year, the company posted $1.11 earnings per share. The business's revenue for the quarter was up 4.6% on a year-over-year basis. On average, sell-side analysts predict that Strategic Education, Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 23rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, May 23rd. Strategic Education's payout ratio is 51.28%.

Strategic Education 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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