2,550 Shares in Strategic Education, Inc. (NASDAQ:STRA) Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. bought a new position in shares of Strategic Education, Inc. (NASDAQ:STRA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,550 shares of the health services provider’s stock, valued at approximately $236,000.

A number of other large investors have also recently added to or reduced their stakes in STRA. State of Wyoming bought a new stake in Strategic Education during the fourth quarter worth approximately $33,000. Tower Research Capital LLC TRC boosted its holdings in Strategic Education by 140.3% during the third quarter. Tower Research Capital LLC TRC now owns 656 shares of the health services provider’s stock worth $49,000 after buying an additional 383 shares in the last quarter. VisionPoint Advisory Group LLC boosted its holdings in Strategic Education by 27.8% during 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. US Bancorp DE boosted its holdings in Strategic Education by 585.2% during the first quarter. US Bancorp DE now owns 1,295 shares of the health services provider’s stock worth $86,000 after buying an additional 1,106 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Strategic Education by 16.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the health services provider’s stock worth $95,000 after buying an additional 199 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

Insider Activity at Strategic Education

In related news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were 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 approximately $15,488,850.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were 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 approximately $15,488,850.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel Wayne Jackson sold 3,713 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total transaction of $356,262.35. Following the completion of the transaction, the chief financial officer now owns 71,770 shares in the company, valued at $6,886,331.50. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

Strategic Education Stock Up 0.0 %

Strategic Education stock opened at $98.11 on Friday. The company has a market capitalization of $2.41 billion, a P/E ratio of 33.83, a P/E/G ratio of 1.17 and a beta of 0.50. The firm’s fifty day simple moving average is $100.81 and its 200-day simple moving average is $93.00. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. Strategic Education, Inc. has a 1-year low of $64.53 and a 1-year high of $111.95.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Thursday, February 29th. The health services provider reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.34. The business had revenue of $302.70 million for the quarter, compared to the consensus estimate of $297.48 million. Strategic Education had a net margin of 6.16% and a return on equity of 5.52%. Strategic Education’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 EPS. Sell-side analysts forecast that Strategic Education, Inc. will post 4.6 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 11th were paid a $0.60 dividend. The ex-dividend date was Friday, March 8th. This represents a $2.40 dividend on an annualized basis and a yield of 2.45%. Strategic Education’s payout ratio is presently 82.76%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on STRA shares. Barrington Research restated an “outperform” rating and set a $125.00 target price on shares of Strategic Education in a report on Tuesday, April 9th. Bank of America upped their price target on shares of Strategic Education from $104.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. BMO Capital Markets upped their price target on shares of Strategic Education from $103.00 to $123.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Truist Financial upgraded shares of Strategic Education from a “hold” rating to a “buy” rating and upped their price target for the company from $110.00 to $125.00 in a research report on Wednesday. Finally, StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Strategic Education presently has an average rating of “Moderate Buy” and a consensus price target of $124.25.

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.