Invesco Ltd. Has $14.28 Million Position in Strategic Education, Inc. (NASDAQ:STRA)

Invesco Ltd. increased its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,828 shares of the health services provider's stock after buying an additional 7,923 shares during the quarter. Invesco Ltd. owned 0.62% of Strategic Education worth $14,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in Strategic Education during the third quarter valued at $37,000. R Squared Ltd bought a new stake in Strategic Education in the 4th quarter valued at $42,000. Smartleaf Asset Management LLC increased its holdings in shares of Strategic Education by 394.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 480 shares of the health services provider's stock worth $44,000 after purchasing an additional 383 shares during the period. Pacer Advisors Inc. bought a new position in shares of Strategic Education during the 4th quarter worth about $96,000. Finally, KBC Group NV lifted its stake in shares of Strategic Education by 53.3% in the fourth quarter. KBC Group NV now owns 1,044 shares of the health services provider's stock valued at $98,000 after buying an additional 363 shares during the period. Institutional investors and hedge funds own 93.27% of the company's stock.

Strategic Education Stock Up 1.1 %

NASDAQ:STRA traded up $0.91 during trading hours on Friday, reaching $80.93. The company had a trading volume of 221,119 shares, compared to its average volume of 152,924. The firm has a market capitalization of $2.00 billion, a PE ratio of 15.42, a PEG ratio of 1.22 and a beta of 0.58. The stock has a 50-day moving average of $83.28 and a two-hundred day moving average of $91.06. Strategic Education, Inc. has a one year low of $74.28 and a one year high of $123.62.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The health services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.29. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The firm had revenue of $303.59 million during the quarter, compared to the consensus estimate of $300.67 million. As a group, sell-side analysts expect that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 23rd will be issued a $0.60 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.97%. Strategic Education's dividend payout ratio is 51.39%.

Insider Buying and Selling

In other Strategic Education news, CFO Daniel Wayne Jackson sold 6,025 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total transaction of $589,425.75. Following the completion of the sale, the chief financial officer now directly owns 81,756 shares of the company's stock, valued at approximately $7,998,189.48. The trade was a 6.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Raymond Karl Mcdonnell sold 31,855 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total transaction of $3,116,374.65. Following the completion of the transaction, the chief executive officer now directly owns 140,281 shares in the company, valued at approximately $13,723,690.23. The trade was a 18.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,826 shares of company stock worth $3,945,093 in the last 90 days. Corporate insiders own 3.30% of the company's stock.

Wall Street Analysts Forecast Growth

STRA has been the subject of several recent research reports. StockNews.com raised Strategic Education from a "hold" rating to a "buy" rating in a report on Friday. Barrington Research reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Strategic Education in a research report on Tuesday, April 15th. Truist Financial set a $105.00 price objective on shares of Strategic Education in a research note on Thursday. Finally, BMO Capital Markets decreased their target price on shares of Strategic Education from $114.00 to $97.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd.

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.