Strategic Education (NASDAQ:STRA) Price Target Increased to $130.00 by Analysts at BMO Capital Markets

Strategic Education (NASDAQ:STRA) had its price target boosted by BMO Capital Markets from $123.00 to $130.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have an outperform rating on the health services provider’s stock.

Other research analysts also recently issued reports about the company. Barrington Research raised their price objective on Strategic Education from $125.00 to $135.00 and gave the company an outperform rating in a research note on Thursday, April 25th. Bank of America boosted their price objective on shares of Strategic Education from $104.00 to $124.00 and gave the stock a buy rating in a research note on Tuesday, March 5th. StockNews.com raised shares of Strategic Education from a hold rating to a buy rating in a report on Friday, April 26th. TheStreet upgraded shares of Strategic Education from a c+ rating to a b rating in a report on Thursday, February 29th. Finally, Truist Financial boosted their target price on shares of Strategic Education from $125.00 to $145.00 and gave the stock a buy rating in a research report on Friday, April 26th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of Buy and a consensus target price of $133.50.

Strategic Education Stock Down 0.1 %

Strategic Education stock opened at $114.75 on Monday. The company has a market capitalization of $2.82 billion, a P/E ratio of 27.19, a P/E/G ratio of 1.34 and a beta of 0.50. Strategic Education has a 1-year low of $64.53 and a 1-year high of $121.29. The firm’s fifty day simple moving average is $102.75 and its 200-day simple moving average is $94.86. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04.

Strategic Education (NASDAQ:STRA) last posted its earnings results on Thursday, April 25th. The health services provider reported $1.11 earnings per share 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 company had revenue of $290.25 million for the quarter, compared to analyst estimates of $274.02 million. Sell-side analysts forecast that Strategic Education will post 4.83 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 24th will be paid a $0.60 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 2.09%. Strategic Education’s payout ratio is 56.87%.

Insider Activity at Strategic Education

In other Strategic Education news, Director Robert R. Grusky sold 462 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $120.99, for a total value of $55,897.38. Following the completion of the sale, the director now directly owns 11,945 shares of the company’s stock, valued at approximately $1,445,225.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Strategic Education news, Director Robert R. Grusky sold 462 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $120.99, for a total value of $55,897.38. Following the completion of the transaction, the director now owns 11,945 shares of the company’s stock, valued at approximately $1,445,225.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Daniel Wayne Jackson sold 3,713 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total value of $356,262.35. Following the completion of the sale, the chief financial officer now owns 71,770 shares of the company’s stock, valued at approximately $6,886,331.50. The disclosure for this sale can be found here. Insiders sold a total of 16,995 shares of company stock worth $1,642,752 in the last ninety days. 3.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Strategic Education

Institutional investors have recently bought and sold shares of the business. Exchange Traded Concepts LLC raised its stake in shares of Strategic Education by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 17,924 shares of the health services provider’s stock valued at $1,656,000 after buying an additional 142 shares in the last quarter. VisionPoint Advisory Group LLC lifted its stake in Strategic Education by 27.8% during the third quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider’s stock worth $82,000 after purchasing an additional 236 shares during the period. Wealthsource Partners LLC lifted its stake in Strategic Education by 5.0% during the third quarter. Wealthsource Partners LLC now owns 5,015 shares of the health services provider’s stock worth $377,000 after purchasing an additional 240 shares during the period. SkyView Investment Advisors LLC boosted its holdings in Strategic Education by 4.3% during the third quarter. SkyView Investment Advisors LLC now owns 7,095 shares of the health services provider’s stock valued at $534,000 after purchasing an additional 292 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Strategic Education by 3.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 11,676 shares of the health services provider’s stock valued at $879,000 after purchasing an additional 349 shares during the period. 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.