Strategic Education (NASDAQ:STRA) Price Target Increased to $135.00 by Analysts at Barrington Research

Strategic Education (NASDAQ:STRA) had its price objective boosted by Barrington Research from $125.00 to $135.00 in a report issued on Thursday morning, Benzinga reports. Barrington Research currently has an outperform rating on the health services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Bank of America raised 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 Strategic Education from a c+ rating to a b rating in a research note on Thursday, February 29th. StockNews.com cut shares of Strategic Education from a buy rating to a hold rating in a research note on Tuesday, April 9th. Truist Financial upgraded shares of Strategic Education from a hold rating to a buy rating and lifted their price objective for the company from $110.00 to $125.00 in a research note on Wednesday, April 17th. Finally, BMO Capital Markets lifted their price target on Strategic Education from $103.00 to $123.00 and gave the stock an outperform rating in a research note on Friday, March 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $131.75.

Strategic Education Stock Performance

Strategic Education stock traded up $3.18 during mid-day trading on Thursday, reaching $120.22. The company’s stock had a trading volume of 166,035 shares, compared to its average volume of 96,117. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 41.00, a PEG ratio of 1.20 and a beta of 0.50. The business has a 50 day moving average price of $101.37 and a 200-day moving average price of $93.90. 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 has a twelve month low of $64.53 and a twelve month high of $120.83.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Thursday, April 25th. The health services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.51. The firm had revenue of $290.25 million during the quarter, compared to the consensus estimate of $274.02 million. Strategic Education had a net margin of 6.16% and a return on equity of 5.52%. Sell-side analysts predict that Strategic Education will post 4.61 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. Shareholders of record on Friday, May 24th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, May 23rd. This represents a $2.40 annualized dividend and a yield of 2.00%. Strategic Education’s dividend payout ratio (DPR) is presently 82.76%.

Insider Buying and Selling at Strategic Education

In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total value of $1,230,591.80. Following the sale, the chief executive officer now directly owns 161,359 shares in the company, valued at $15,488,850.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total value of $1,230,591.80. Following the completion of the sale, the chief executive officer now directly owns 161,359 shares in the company, valued at $15,488,850.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel Wayne Jackson sold 3,713 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total value of $356,262.35. Following the completion of the sale, the chief financial officer now owns 71,770 shares of the company’s stock, valued at $6,886,331.50. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Strategic Education

Several large investors have recently modified their holdings of STRA. Exchange Traded Concepts LLC grew its holdings in shares of Strategic Education by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 17,924 shares of the health services provider’s stock worth $1,656,000 after buying an additional 142 shares in the last quarter. VisionPoint Advisory Group LLC grew its holdings in shares of 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 grew its holdings in shares of Strategic Education by 5.0% during the third quarter. Wealthsource Partners LLC now owns 5,015 shares of the health services provider’s stock worth $377,000 after buying an additional 240 shares in the last quarter. SkyView Investment Advisors LLC grew its holdings in shares of Strategic Education by 4.3% during the third quarter. SkyView Investment Advisors LLC now owns 7,095 shares of the health services provider’s stock worth $534,000 after buying an additional 292 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Strategic Education by 3.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 11,676 shares of the health services provider’s stock worth $879,000 after buying an additional 349 shares in the last quarter. 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.