Strategic Education, Inc. (NASDAQ:STRA) Given Average Rating of “Buy” by Brokerages

Shares of Strategic Education, Inc. (NASDAQ:STRA) have been assigned an average rating of “Buy” from the four research firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have covered the stock in the last year is $126.00.

STRA has been the topic of a number of recent analyst reports. StockNews.com downgraded Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Barrington Research reissued an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a research note on Tuesday, January 21st. Finally, Truist Financial cut their price objective on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th.

Strategic Education Price Performance

STRA opened at $97.68 on Wednesday. Strategic Education has a fifty-two week low of $85.11 and a fifty-two week high of $123.62. The business has a 50-day moving average of $96.33 and a 200-day moving average of $96.17. The company has a market capitalization of $2.40 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.15 and a beta of 0.58.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The company had revenue of $305.96 million during the quarter, compared to the consensus estimate of $301.62 million. During the same period last year, the business earned $0.97 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities research analysts expect that Strategic Education will post 4.79 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Monday, December 2nd. Strategic Education’s dividend payout ratio (DPR) is currently 45.71%.

Institutional Trading of Strategic Education

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshfield Associates grew its holdings in Strategic Education by 0.5% in the 3rd quarter. Marshfield Associates now owns 1,829,622 shares of the health services provider’s stock valued at $169,332,000 after buying an additional 9,001 shares during the last quarter. State Street Corp grew its holdings in Strategic Education by 6.1% in the 3rd quarter. State Street Corp now owns 890,133 shares of the health services provider’s stock valued at $82,382,000 after buying an additional 50,980 shares during the last quarter. Geode Capital Management LLC grew its holdings in Strategic Education by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 561,274 shares of the health services provider’s stock valued at $51,956,000 after buying an additional 28,082 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in Strategic Education by 2.2% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 461,012 shares of the health services provider’s stock valued at $42,667,000 after buying an additional 10,084 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Strategic Education by 76.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock valued at $36,941,000 after buying an additional 173,225 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.