Strategic Education (NASDAQ:STRA) Price Target Raised to $90.00

Strategic Education (NASDAQ:STRA) had its price target raised by Truist Financial from $80.00 to $90.00 in a research report released on Thursday,Benzinga reports. They currently have a hold rating on the health services provider’s stock.

Several other research firms have also recently weighed in on STRA. Weiss Ratings restated a “hold (c)” rating on shares of Strategic Education in a research report on Friday, July 17th. Zacks Research cut Strategic Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Wall Street Zen downgraded Strategic Education from a “buy” rating to a “hold” rating in a research report on Wednesday, June 24th. Barrington Research set a $105.00 price target on Strategic Education in a research note on Wednesday. Finally, BMO Capital Markets lifted their price target on Strategic Education from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $95.33.

Strategic Education Price Performance

Shares of STRA opened at $82.00 on Thursday. The firm’s 50 day simple moving average is $79.01 and its 200 day simple moving average is $80.18. The company has a market capitalization of $1.82 billion, a P/E ratio of 13.67, a P/E/G ratio of 0.76 and a beta of 0.50. Strategic Education has a 1-year low of $69.70 and a 1-year high of $89.73.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Wednesday, July 29th. The health services provider reported $1.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.04). Strategic Education had a net margin of 10.46% and a return on equity of 8.98%. The company had revenue of $321.60 million for the quarter, compared to the consensus estimate of $327.55 million. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts anticipate that Strategic Education will post 7.21 earnings per share for the current year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, September 4th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, September 4th. Strategic Education’s payout ratio is presently 40.00%.

Insider Activity at Strategic Education

In related news, insider Christa Hokenson sold 2,000 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $80.00, for a total transaction of $160,000.00. Following the transaction, the insider owned 65,195 shares of the company’s stock, valued at approximately $5,215,600. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of Strategic Education

Several institutional investors have recently added to or reduced their stakes in STRA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Strategic Education by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,195 shares of the health services provider’s stock worth $1,360,000 after buying an additional 487 shares during the period. Jane Street Group LLC grew its position in Strategic Education by 40.2% during the 1st quarter. Jane Street Group LLC now owns 43,433 shares of the health services provider’s stock worth $3,647,000 after acquiring an additional 12,444 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Strategic Education by 192.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,162 shares of the health services provider’s stock worth $99,000 after acquiring an additional 765 shares during the last quarter. First Trust Advisors LP grew its position in Strategic Education by 20.0% during the 2nd quarter. First Trust Advisors LP now owns 24,657 shares of the health services provider’s stock worth $2,099,000 after acquiring an additional 4,118 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in Strategic Education in the 2nd quarter worth approximately $246,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

About Strategic Education

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.