Strategic Education, Inc. (NASDAQ:STRA) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Strategic Education, Inc. (NASDAQ:STRA) by 24.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,711 shares of the health services provider’s stock after purchasing an additional 924 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Strategic Education were worth $435,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Burgundy Asset Management Ltd. grew its holdings in Strategic Education by 0.9% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 1,114,167 shares of the health services provider’s stock valued at $83,841,000 after purchasing an additional 10,124 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Strategic Education by 155.7% during the third quarter. Envestnet Asset Management Inc. now owns 396,049 shares of the health services provider’s stock valued at $29,803,000 after acquiring an additional 241,168 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Strategic Education by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 272,101 shares of the health services provider’s stock worth $20,476,000 after acquiring an additional 6,390 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Strategic Education by 6,377.0% in the fourth quarter. International Assets Investment Management LLC now owns 178,182 shares of the health services provider’s stock worth $16,459,000 after acquiring an additional 175,431 shares in the last quarter. Finally, Brandywine Global Investment Management LLC boosted its holdings in Strategic Education by 13.3% in the third quarter. Brandywine Global Investment Management LLC now owns 73,207 shares of the health services provider’s stock valued at $5,509,000 after purchasing an additional 8,604 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert R. Grusky sold 462 shares of Strategic Education stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $120.99, for a total transaction of $55,897.38. Following the sale, the director now owns 11,945 shares of the company’s stock, valued at $1,445,225.55. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Robert R. Grusky sold 462 shares of the firm’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 sale, the director now directly owns 11,945 shares in the company, valued at approximately $1,445,225.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel Wayne Jackson sold 3,713 shares of the business’s stock in a transaction 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 transaction, 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. In the last 90 days, insiders sold 16,995 shares of company stock worth $1,642,752. Insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

STRA has been the topic of a number of recent analyst reports. StockNews.com raised Strategic Education from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. TheStreet upgraded shares of Strategic Education from a “c+” rating to a “b” rating in a research note on Thursday, February 29th. BMO Capital Markets boosted their target price on shares of Strategic Education from $123.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Truist Financial increased their price target 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. Finally, Bank of America boosted their price objective on Strategic Education from $104.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Strategic Education has an average rating of “Buy” and an average target price of $133.50.

Strategic Education Trading Up 2.3 %

Strategic Education stock opened at $120.65 on Friday. Strategic Education, Inc. has a 1 year low of $64.53 and a 1 year high of $121.29. The firm’s 50-day moving average is $103.64 and its 200-day moving average is $95.16. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market cap of $2.97 billion, a P/E ratio of 28.59, a PEG ratio of 1.30 and a beta of 0.45.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, April 25th. The health services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.51. The company had revenue of $290.25 million during the quarter, compared to the consensus estimate of $274.02 million. Strategic Education had a return on equity of 6.78% and a net margin of 8.70%. On average, equities analysts expect that Strategic Education, Inc. will post 4.83 earnings per share for the current year.

Strategic Education Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 24th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, May 23rd. Strategic Education’s payout ratio is 56.87%.

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.