Strategic Education (NASDAQ:STRA) Price Target Raised to $130.00 at BMO Capital Markets

Strategic Education (NASDAQ:STRA) had its target price raised by BMO Capital Markets from $123.00 to $130.00 in a research report report published on Monday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the health services provider’s stock.

A number of other research firms have also issued reports on STRA. Bank of America upped their target price on Strategic Education from $104.00 to $124.00 and gave the company a buy rating in a research note on Tuesday, March 5th. TheStreet upgraded shares of Strategic Education from a c+ rating to a b rating in a report on Thursday, February 29th. Truist Financial raised their target price on Strategic Education from $125.00 to $145.00 and gave the company a buy rating in a research note on Friday. StockNews.com upgraded shares of Strategic Education from a hold rating to a buy rating in a research note on Friday. Finally, Barrington Research upped their price objective on Strategic Education from $125.00 to $135.00 and gave the company an outperform rating in a research note on Thursday, April 25th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Strategic Education has an average rating of Buy and a consensus price target of $133.50.

Strategic Education Stock Performance

Shares of Strategic Education stock opened at $117.82 on Monday. The firm’s 50 day moving average is $102.34 and its two-hundred day moving average is $94.62. The firm has a market capitalization of $2.90 billion, a P/E ratio of 27.92, a P/E/G ratio of 1.40 and a beta of 0.50. Strategic Education has a 52 week low of $64.53 and a 52 week high of $121.29. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.04.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, April 25th. The health services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.51. The company had revenue of $290.25 million for the quarter, compared to analysts’ expectations of $274.02 million. Strategic Education had a net margin of 8.70% and a return on equity of 6.78%. Research analysts forecast that Strategic Education will post 4.75 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 3rd. Stockholders of record on Friday, May 24th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.04%. Strategic Education’s payout ratio is currently 56.87%.

Insider Activity at Strategic Education

In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through this link. In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the transaction, the chief executive officer now owns 161,359 shares in the company, valued at $15,488,850.41. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Daniel Wayne Jackson sold 3,713 shares of Strategic Education stock in a transaction that occurred 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 directly owns 71,770 shares in the company, valued at approximately $6,886,331.50. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Strategic Education

A number of hedge funds have recently bought and sold shares of the company. Exchange Traded Concepts LLC grew its position in Strategic Education by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 17,924 shares of the health services provider’s stock worth $1,656,000 after purchasing an additional 142 shares during the last quarter. VisionPoint Advisory Group LLC grew its position 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. Wealthsource Partners LLC increased its stake in Strategic Education by 5.0% during the third quarter. Wealthsource Partners LLC now owns 5,015 shares of the health services provider’s stock valued at $377,000 after acquiring an additional 240 shares during the period. SkyView Investment Advisors LLC raised its holdings in Strategic Education by 4.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 7,095 shares of the health services provider’s stock valued at $534,000 after acquiring an additional 292 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Strategic Education by 3.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 11,676 shares of the health services provider’s stock worth $879,000 after acquiring an additional 349 shares during the period. 93.27% of the stock is currently owned by institutional investors.

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.