Strayer Education (STRA) Rating Increased to Overweight at First Analysis

Strayer Education (NASDAQ:STRA) was upgraded by analysts at First Analysis from an “equal weight” rating to an “overweight” rating in a research note issued on Sunday, March 4th, Marketbeat reports. The firm currently has a $112.00 price target on the health services provider’s stock, up from their prior price target of $105.00. First Analysis’ price target would suggest a potential upside of 10.84% from the company’s previous close. First Analysis also issued estimates for Strayer Education’s Q1 2018 earnings at $1.07 EPS, Q2 2018 earnings at $0.86 EPS and FY2019 earnings at $4.70 EPS.

Other analysts also recently issued reports about the company. Zacks Investment Research downgraded Strayer Education from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 30th. Piper Jaffray reiterated a “hold” rating and issued a $96.00 price target on shares of Strayer Education in a research note on Monday, December 4th. ValuEngine downgraded Strayer Education from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub downgraded Strayer Education from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Strayer Education currently has an average rating of “Buy” and a consensus price target of $100.75.

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Shares of Strayer Education stock traded up $1.78 during trading on Friday, hitting $101.05. The company’s stock had a trading volume of 80,725 shares, compared to its average volume of 97,142. The stock has a market cap of $1,116.35, a price-to-earnings ratio of 55.60, a PEG ratio of 2.53 and a beta of 0.92. Strayer Education has a one year low of $75.84 and a one year high of $104.85.

Strayer Education (NASDAQ:STRA) last issued its earnings results on Thursday, March 1st. The health services provider reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.20). Strayer Education had a return on equity of 17.75% and a net margin of 4.53%. The firm had revenue of $118.70 million during the quarter, compared to analysts’ expectations of $121.50 million. During the same period last year, the business posted $1.07 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. equities research analysts expect that Strayer Education will post 3.96 earnings per share for the current fiscal year.

In other news, CAO Thomas J. Aprahamian sold 2,964 shares of Strayer Education stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $91.11, for a total transaction of $270,050.04. Following the sale, the chief accounting officer now owns 13,980 shares of the company’s stock, valued at $1,273,717.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Daniel Wayne Jackson sold 19,097 shares of Strayer Education stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $93.39, for a total value of $1,783,468.83. Following the sale, the chief financial officer now directly owns 58,015 shares in the company, valued at approximately $5,418,020.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,043 shares of company stock worth $3,181,155. Corporate insiders own 6.70% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Voya Investment Management LLC grew its position in Strayer Education by 12.3% during the 2nd quarter. Voya Investment Management LLC now owns 5,070 shares of the health services provider’s stock worth $473,000 after purchasing an additional 554 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of Strayer Education by 2.8% during the 3rd quarter. D.A. Davidson & CO. now owns 20,388 shares of the health services provider’s stock valued at $1,779,000 after buying an additional 560 shares during the period. US Bancorp DE boosted its stake in shares of Strayer Education by 40.2% during the 4th quarter. US Bancorp DE now owns 2,248 shares of the health services provider’s stock valued at $201,000 after buying an additional 645 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Strayer Education by 0.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 145,593 shares of the health services provider’s stock valued at $12,706,000 after buying an additional 729 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Strayer Education by 25.1% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 4,930 shares of the health services provider’s stock valued at $442,000 after buying an additional 990 shares during the period. 98.15% of the stock is currently owned by institutional investors.

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Strayer Education Company Profile

Strayer Education, Inc is an education services holding company. The Company provides post-secondary education and other academic programs, through its subsidiaries, Strayer University (the University) and New York Code and Design Academy (NYCDA). As of December 31, 2016, the University offered undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration and criminal justice at 74 physical campuses located in the Mid-Atlantic and Southern regions of the United States, and online.

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