Prudential Financial Inc. boosted its stake in shares of Strayer Education, Inc. (NASDAQ:STRA) by 7.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,283 shares of the health services provider’s stock after buying an additional 1,490 shares during the period. Prudential Financial Inc. owned approximately 0.20% of Strayer Education worth $1,713,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Strayer Education during the fourth quarter valued at approximately $14,289,000. FMR LLC raised its position 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 during the period. Rice Hall James & Associates LLC raised its position 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 during the period. Russell Investments Group Ltd. bought a new position in shares of Strayer Education during the fourth quarter valued at approximately $2,927,000. Finally, Bank of New York Mellon Corp raised its position 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 during the period. 92.27% of the stock is owned by institutional investors and hedge funds.
Strayer Education, Inc. (NASDAQ:STRA) traded up 0.11% during mid-day trading on Tuesday, reaching $81.51. 34,772 shares of the company’s stock were exchanged. The firm has a market capitalization of $872.24 million, a P/E ratio of 25.32 and a beta of 0.90. Strayer Education, Inc. has a one year low of $44.58 and a one year high of $95.74. The company’s 50-day moving average is $89.51 and its 200 day moving average is $84.77.
Strayer Education (NASDAQ:STRA) last announced its earnings results on Wednesday, July 26th. The health services provider reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.05. The business had revenue of $112.70 million during the quarter, compared to the consensus estimate of $113.68 million. Strayer Education had a net margin of 7.90% and a return on equity of 17.65%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. Equities analysts predict that Strayer Education, Inc. will post $3.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th will be issued 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 1.23%. Strayer Education’s dividend payout ratio is presently 31.15%.
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Several research analysts have commented on STRA shares. BMO Capital Markets restated a “buy” rating and issued a $100.00 price objective on shares of Strayer Education in a report on Thursday, May 4th. First Analysis upped their price objective 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. Zacks Investment Research lowered shares of Strayer Education from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Piper Jaffray Companies reiterated a “hold” rating on shares of Strayer Education in a research note on Friday, July 21st. Finally, BidaskClub lowered shares of Strayer Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. One 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’s stock. The company presently 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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