OppenheimerFunds Inc. increased its position in shares of Strayer Education, Inc. (NASDAQ:STRA) by 25.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,263 shares of the health services provider’s stock after buying an additional 859 shares during the period. OppenheimerFunds Inc.’s holdings in Strayer Education were worth $343,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in STRA. Norges Bank bought a new stake in Strayer Education during the fourth quarter worth approximately $14,289,000. FMR LLC raised its stake in shares of Strayer Education by 540.8% in the fourth quarter. FMR LLC now owns 176,435 shares of the health services provider’s stock valued at $14,226,000 after buying an additional 148,900 shares in the last quarter. Rice Hall James & Associates LLC raised its stake in shares of Strayer Education by 2,158.3% in the first quarter. Rice Hall James & Associates LLC now owns 74,411 shares of the health services provider’s stock valued at $5,989,000 after buying an additional 71,116 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 in the last quarter. Finally, Quantitative Investment Management LLC acquired a new stake in shares of Strayer Education during the first quarter valued at about $1,408,000. 92.42% of the stock is owned by institutional investors and hedge funds.
Strayer Education, Inc. (NASDAQ:STRA) traded up 0.28% on Wednesday, hitting $79.66. The stock had a trading volume of 50,842 shares. The company has a market capitalization of $852.44 million, a price-to-earnings ratio of 24.75 and a beta of 0.90. The firm has a 50-day moving average of $87.04 and a 200 day moving average of $84.80. Strayer Education, Inc. has a 52 week low of $44.63 and a 52 week high of $95.74.
Strayer Education (NASDAQ:STRA) last posted its quarterly earnings results on Wednesday, July 26th. The health services provider reported $0.92 earnings per share for the quarter, topping 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 firm had revenue of $112.70 million during the quarter, compared to analysts’ expectations of $113.68 million. During the same quarter in the previous year, the business earned $0.72 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. On average, analysts predict that Strayer Education, Inc. will post $3.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Tuesday, September 5th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Friday, September 1st. Strayer Education’s dividend payout ratio (DPR) is presently 31.15%.
Several brokerages have recently issued reports on STRA. BidaskClub lowered Strayer Education from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered Strayer Education from a “hold” rating to a “strong sell” rating in a research report on Friday, July 28th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $87.00 target price on shares of Strayer Education in a research report on Friday, July 28th. BMO Capital Markets reaffirmed a “buy” rating and set a $100.00 target price on shares of Strayer Education in a research report on Thursday, July 20th. Finally, First Analysis raised their target price on Strayer Education from $76.00 to $95.00 and gave the company an “equal weight” rating in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Strayer Education has a consensus rating of “Hold” and a consensus target price 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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