6 days Ago By ABMN Staff
Strategic Education ( NASDAQ:STRA – Free Report ) had its price target raised by BMO Capital Markets from $97.00 to $98.00 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. STRA has been the topic of several other reports. Barrington Research reiterated an “outperform” rating and set a $120.
00 target price on shares of Strategic Education in a research report on Tuesday, April 15th. Truist Financial set a $105.00 price objective on Strategic Education in a research note on Thursday.
Finally, StockNews.com raised Strategic Education from a “hold” rating to a “buy” rating in a research note on Friday. Check Out Our Latest Stock Analysis on STRA Strategic Education Stock Performance Strategic Education ( NASDAQ:STRA – Get Free Report ) last released its earnings results on Thursday, April 24th.
The health services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.
29. The company had revenue of $303.59 million for the quarter, compared to the consensus estimate of $300.
67 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.
44%. Strategic Education’s quarterly revenue was up 4.6% compared to the same quarter last year.
During the same period in the previous year, the business earned $1.11 earnings per share. On average, sell-side analysts forecast that Strategic Education will post 4.
79 EPS for the current year. Strategic Education Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd will be paid a $0.
60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.
99%. The ex-dividend date is Friday, May 23rd. Strategic Education’s dividend payout ratio (DPR) is 51.
28%. Insider Activity at Strategic Education In related news, CEO Raymond Karl Mcdonnell sold 31,855 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $97.
83, for a total transaction of $3,116,374.65. Following the completion of the transaction, the chief executive officer now directly owns 140,281 shares of the company’s stock, valued at approximately $13,723,690.
23. This represents a 18.51 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Also, CFO Daniel Wayne Jackson sold 6,025 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $97.
83, for a total value of $589,425.75. Following the transaction, the chief financial officer now directly owns 81,756 shares of the company’s stock, valued at approximately $7,998,189.
48. The trade was a 6.86 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Over the last three months, insiders sold 40,826 shares of company stock valued at $3,945,093. Insiders own 3.
30% of the company’s stock. Institutional Investors Weigh In On Strategic Education Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in Strategic Education during the third quarter valued at approximately $37,000.
R Squared Ltd purchased a new stake in Strategic Education during the fourth quarter valued at approximately $42,000. Smartleaf Asset Management LLC raised its position in Strategic Education by 394.8% during the fourth quarter.
Smartleaf Asset Management LLC now owns 480 shares of the health services provider’s stock valued at $44,000 after purchasing an additional 383 shares during the period. Sterling Capital Management LLC raised its position in Strategic Education by 809.1% during the fourth quarter.
Sterling Capital Management LLC now owns 700 shares of the health services provider’s stock valued at $65,000 after purchasing an additional 623 shares during the period. Finally, Pacer Advisors Inc. purchased a new stake in Strategic Education during the fourth quarter valued at approximately $96,000.
93.27% of the stock is currently owned by hedge funds and other institutional investors. About Strategic Education ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Strategic Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strategic Education and related companies with MarketBeat.com's FREE daily email newsletter .
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