Analysts Set Strategic Education Inc. (NASDAQ:STRA) PT at $95.33

Strategic Education Inc. (NASDAQ:STRA) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $95.3333.

STRA has been the subject of several analyst reports. Truist Financial upped their price objective on Strategic Education from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Barrington Research set a $105.00 price target on Strategic Education in a report on Wednesday, July 29th. BMO Capital Markets lifted their price objective on Strategic Education from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Zacks Research lowered shares of Strategic Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a report on Friday, July 17th.

Strategic Education Stock Down 1.6%

Strategic Education stock opened at $78.53 on Tuesday. Strategic Education has a 52-week low of $69.70 and a 52-week high of $89.73. The company has a market cap of $1.74 billion, a P/E ratio of 13.09, a P/E/G ratio of 0.74 and a beta of 0.49. The business has a 50-day simple moving average of $81.42 and a two-hundred day simple moving average of $80.50.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Wednesday, July 29th. The health services provider reported $1.76 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.04). The business had revenue of $321.60 million during the quarter, compared to the consensus estimate of $327.55 million. Strategic Education had a return on equity of 8.98% and a net margin of 10.46%.Strategic Education’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $1.54 EPS. Research analysts anticipate that Strategic Education will post 7.23 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Friday, September 4th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 3.1%. Strategic Education’s dividend payout ratio (DPR) is currently 40.00%.

Hedge Funds Weigh In On Strategic Education

A number of hedge funds have recently made changes to their positions in STRA. BlackRock Inc. purchased a new position in Strategic Education during the second quarter valued at $291,189,000. Dimensional Fund Advisors LP boosted its holdings in shares of Strategic Education by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,458,740 shares of the health services provider’s stock worth $121,017,000 after purchasing an additional 7,346 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Strategic Education by 30.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 454,509 shares of the health services provider’s stock worth $37,706,000 after buying an additional 106,487 shares during the last quarter. Algert Global LLC increased its position in Strategic Education by 26.6% during the second quarter. Algert Global LLC now owns 275,342 shares of the health services provider’s stock valued at $21,097,000 after acquiring an additional 57,824 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Strategic Education in the second quarter valued at $16,778,000. Institutional investors own 93.27% of the company’s stock.

Strategic Education Company Profile

Strategic Education, Inc is a provider of postsecondary education serving working adults and other learners primarily in the United States. The company delivers academic programs through its Strayer University and Capella University institutions, using online instruction as well as campus-based and blended learning formats.

Its offerings include associate, bachelor’s, master’s and doctoral degree programs, along with certificates and other professional learning opportunities. Areas of study include business, information technology, healthcare, education, public administration and other career-focused disciplines.