Thrivent Financial For Lutherans raised its stake in Strayer Education, Inc. (NASDAQ:STRA) by 4.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,840 shares of the health services provider’s stock after buying an additional 270 shares during the period. Thrivent Financial For Lutherans owned 0.06% of Strayer Education worth $470,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its position in Strayer Education by 189.6% in the first quarter. FMR LLC now owns 510,907 shares of the health services provider’s stock valued at $41,123,000 after buying an additional 334,472 shares during the period. Dimensional Fund Advisors LP increased its position in Strayer Education by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 435,060 shares of the health services provider’s stock valued at $35,079,000 after buying an additional 16,980 shares during the period. State Street Corp increased its position in Strayer Education by 7.1% in the fourth quarter. State Street Corp now owns 229,473 shares of the health services provider’s stock valued at $18,502,000 after buying an additional 15,179 shares during the period. Norges Bank acquired a new position in Strayer Education during the fourth quarter valued at approximately $14,289,000. Finally, Bank of New York Mellon Corp increased its position in Strayer Education by 14.5% in the first quarter. Bank of New York Mellon Corp now owns 147,119 shares of the health services provider’s stock valued at $11,842,000 after buying an additional 18,611 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Strayer Education, Inc. (NASDAQ:STRA) traded up 0.28% during mid-day trading on Wednesday, reaching $79.66. 50,842 shares of the company traded hands. The firm has a market capitalization of $852.44 million, a P/E ratio of 24.75 and a beta of 0.90. The company’s 50 day moving average price is $87.04 and its 200 day moving average price is $84.80. Strayer Education, Inc. has a 12-month low of $44.63 and a 12-month high of $95.74.
Strayer Education (NASDAQ:STRA) last released its quarterly earnings results on Wednesday, July 26th. The health services provider reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.05. Strayer Education had a return on equity of 17.65% and a net margin of 7.90%. The company had revenue of $112.70 million for the quarter, compared to analyst estimates of $113.68 million. During the same quarter in the prior year, the firm posted $0.72 EPS. Strayer Education’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts predict that Strayer Education, Inc. will post $3.33 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th will be paid a $0.25 dividend. The ex-dividend date is Friday, September 1st. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. Strayer Education’s payout ratio is 31.15%.
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Several research analysts have recently issued reports on STRA shares. Zacks Investment Research upgraded shares of Strayer Education from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Piper Jaffray Companies restated a “hold” rating on shares of Strayer Education in a report on Friday, July 21st. BMO Capital Markets restated a “buy” rating and issued a $100.00 target price on shares of Strayer Education in a report on Thursday, May 4th. First Analysis raised their target price on shares of Strayer Education from $76.00 to $95.00 and gave the stock an “equal weight” rating in a report on Monday, May 15th. Finally, BidaskClub cut shares of Strayer Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $83.75.
About Strayer Education
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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