Strategic Education (NASDAQ:STRA) Rating Reiterated by BMO Capital Markets

BMO Capital Markets reaffirmed their outperform rating on shares of Strategic Education (NASDAQ:STRA) in a report issued on Monday, Benzinga reports. BMO Capital Markets currently has a $130.00 price objective on the health services provider’s stock.

Other equities research analysts have also issued reports about the company. StockNews.com upgraded Strategic Education from a hold rating to a buy rating in a report on Friday, April 26th. Truist Financial upped their price objective on shares of Strategic Education from $125.00 to $145.00 and gave the stock a buy rating in a report on Friday, April 26th. Finally, Barrington Research lifted their target price on shares of Strategic Education from $125.00 to $135.00 and gave the stock an outperform rating in a report on Thursday, April 25th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $133.50.

Strategic Education Trading Down 1.2 %

Strategic Education stock opened at $117.59 on Monday. Strategic Education has a 12 month low of $67.75 and a 12 month high of $123.62. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.89 billion, a P/E ratio of 27.86, a P/E/G ratio of 1.15 and a beta of 0.57. The company’s fifty day simple moving average is $112.77 and its 200-day simple moving average is $104.89.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Thursday, April 25th. The health services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.60 by $0.51. Strategic Education had a return on equity of 6.78% and a net margin of 8.70%. The business had revenue of $290.25 million during the quarter, compared to analysts’ expectations of $274.02 million. As a group, sell-side analysts forecast that Strategic Education will post 4.96 EPS for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 24th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, May 23rd. Strategic Education’s dividend payout ratio is 56.87%.

Insider Transactions at Strategic Education

In other Strategic Education news, Director Robert R. Grusky sold 250 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $118.55, for a total transaction of $29,637.50. Following the completion of the transaction, the director now directly owns 11,695 shares in the company, valued at $1,386,442.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Robert R. Grusky sold 350 shares of Strategic Education stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $122.50, for a total value of $42,875.00. Following the completion of the transaction, the director now owns 11,345 shares in the company, valued at $1,389,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert R. Grusky sold 250 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $118.55, for a total value of $29,637.50. Following the completion of the transaction, the director now directly owns 11,695 shares in the company, valued at $1,386,442.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,062 shares of company stock valued at $128,410. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its position in Strategic Education by 6,377.0% in the 4th quarter. International Assets Investment Management LLC now owns 178,182 shares of the health services provider’s stock worth $16,459,000 after purchasing an additional 175,431 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Strategic Education by 103.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 253,390 shares of the health services provider’s stock worth $23,406,000 after acquiring an additional 128,961 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Strategic Education by 24.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,711 shares of the health services provider’s stock valued at $435,000 after acquiring an additional 924 shares during the period. Benjamin F. Edwards & Company Inc. bought a new position in Strategic Education in the fourth quarter valued at about $272,000. Finally, Quest Partners LLC acquired a new stake in Strategic Education in the fourth quarter worth about $601,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.