Strategic Education, Inc. (NASDAQ:STRA) Receives $133.50 Average PT from Brokerages

Shares of Strategic Education, Inc. (NASDAQ:STRA - Get Free Report) have been assigned an average rating of "Buy" from the four research firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have covered the stock in the last year is $133.50.

STRA has been the subject of a number of research analyst reports. Barrington Research lifted their target price on Strategic Education from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday, April 25th. Truist Financial lifted their target price on Strategic Education from $125.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, April 26th. TheStreet raised Strategic Education from a "c+" rating to a "b" rating in a report on Thursday, February 29th. Bank of America lifted their price objective on Strategic Education from $104.00 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. Finally, StockNews.com raised Strategic Education from a "hold" rating to a "buy" rating in a report on Friday, April 26th.

Strategic Education Stock Down 0.6 %

NASDAQ:STRA traded down $0.75 during trading hours on Friday, reaching $119.09. 142,904 shares of the company traded hands, compared to its average volume of 107,716. The business's 50-day moving average price is $107.64 and its two-hundred day moving average price is $98.25. The stock has a market capitalization of $2.93 billion, a P/E ratio of 28.22, a P/E/G ratio of 1.22 and a beta of 0.45. Strategic Education has a 1 year low of $64.53 and a 1 year high of $123.62. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its earnings results on Thursday, April 25th. The health services provider reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.51. The business had revenue of $290.25 million during the quarter, compared to analyst estimates of $274.02 million. Strategic Education had a return on equity of 6.78% and a net margin of 8.70%. Analysts predict that Strategic Education will post 4.96 earnings per share for the current year.

Strategic Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 24th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, May 23rd. Strategic Education's dividend payout ratio is presently 56.87%.

Insider Buying and Selling at Strategic Education

In other Strategic Education news, Director Robert R. Grusky sold 462 shares of the business's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $120.99, for a total transaction of $55,897.38. Following the completion of the sale, the director now owns 11,945 shares of the company's stock, valued at $1,445,225.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total value of $1,230,591.80. Following the transaction, the chief executive officer now directly owns 161,359 shares in the company, valued at $15,488,850.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert R. Grusky sold 462 shares of the business's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $120.99, for a total value of $55,897.38. Following the completion of the transaction, the director now owns 11,945 shares in the company, valued at $1,445,225.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,595 shares of company stock valued at $1,715,264. Company insiders own 3.10% of the company's stock.

Hedge Funds Weigh In On Strategic Education

Large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. purchased a new position in shares of Strategic Education in the fourth quarter valued at about $73,000. Covestor Ltd lifted its position in shares of Strategic Education by 32.8% in the first quarter. Covestor Ltd now owns 984 shares of the health services provider's stock worth $103,000 after buying an additional 243 shares in the last quarter. VisionPoint Advisory Group LLC lifted its position in shares of Strategic Education by 27.8% in the third quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider's stock worth $82,000 after buying an additional 236 shares in the last quarter. TFO Wealth Partners LLC lifted its position in shares of Strategic Education by 118,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,181 shares of the health services provider's stock worth $109,000 after buying an additional 1,180 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of Strategic Education in the fourth quarter worth about $236,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Company 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.