T. Rowe Price Investment Management Inc. Sells 147,125 Shares of Strategic Education, Inc. (NASDAQ:STRA)

T. Rowe Price Investment Management Inc. lowered its position in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,265,964 shares of the health services provider's stock after selling 147,125 shares during the period. T. Rowe Price Investment Management Inc. owned 9.22% of Strategic Education worth $211,687,000 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 STRA. JPMorgan Chase & Co. increased its stake in Strategic Education by 76.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider's stock worth $36,941,000 after acquiring an additional 173,225 shares during the period. Norges Bank bought a new position in shares of Strategic Education in the 4th quarter valued at $15,715,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Strategic Education by 207.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 175,141 shares of the health services provider's stock valued at $16,362,000 after purchasing an additional 118,151 shares during the last quarter. Barclays PLC increased its stake in shares of Strategic Education by 202.3% in the 4th quarter. Barclays PLC now owns 114,765 shares of the health services provider's stock valued at $10,720,000 after purchasing an additional 76,804 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its stake in shares of Strategic Education by 12.9% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 618,286 shares of the health services provider's stock valued at $57,760,000 after purchasing an additional 70,743 shares during the last quarter. Institutional investors own 93.27% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CFO Daniel Wayne Jackson sold 6,025 shares of Strategic Education stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $589,425.75. Following the completion of the sale, the chief financial officer now owns 81,756 shares of the company's stock, valued at approximately $7,998,189.48. This trade represents a 6.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Lizette Benedi Herraiz sold 1,452 shares of Strategic Education stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $82.21, for a total value of $119,368.92. Following the completion of the sale, the general counsel now directly owns 61,716 shares of the company's stock, valued at approximately $5,073,672.36. This trade represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,826 shares of company stock valued at $3,945,093 in the last ninety days. 3.30% of the stock is currently owned by insiders.

Strategic Education Stock Performance

Shares of Strategic Education stock traded up $1.40 on Tuesday, reaching $81.80. 88,422 shares of the company's stock were exchanged, compared to its average volume of 152,137. Strategic Education, Inc. has a 52 week low of $74.28 and a 52 week high of $123.62. The firm's 50-day moving average is $82.84 and its two-hundred day moving average is $91.06. The company has a market capitalization of $2.02 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58.

Strategic Education (NASDAQ:STRA - Get Free Report) last issued its earnings results on Thursday, April 24th. The health services provider reported $1.30 earnings per share (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 company had revenue of $303.59 million for the quarter, compared to analysts' expectations of $300.67 million. During the same period last year, the business earned $1.11 EPS. Strategic Education's quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts expect that Strategic Education, Inc. will post 4.79 EPS 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. Stockholders of record on Friday, May 23rd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Friday, May 23rd. Strategic Education's dividend payout ratio is presently 51.28%.

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.