Strategic Education, Inc. (NASDAQ:STRA) Position Raised by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its position in shares of Strategic Education, Inc. (NASDAQ:STRA) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,129 shares of the health services provider’s stock after purchasing an additional 1,776 shares during the period. State of New Jersey Common Pension Fund D owned 0.09% of Strategic Education worth $2,067,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STRA. Wilmington Savings Fund Society FSB bought a new position in shares of Strategic Education in the third quarter valued at $37,000. R Squared Ltd bought a new position in shares of Strategic Education in the fourth quarter valued at $42,000. Allspring Global Investments Holdings LLC bought a new position in shares of Strategic Education in the third quarter valued at $55,000. Pacer Advisors Inc. bought a new position in shares of Strategic Education in the fourth quarter valued at $96,000. Finally, KBC Group NV increased its holdings in shares of Strategic Education by 53.3% in the fourth quarter. KBC Group NV now owns 1,044 shares of the health services provider’s stock valued at $98,000 after buying an additional 363 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Strategic Education Stock Down 1.7 %

Strategic Education stock opened at $101.72 on Friday. The company’s fifty day simple moving average is $96.94 and its 200-day simple moving average is $94.84. Strategic Education, Inc. has a 12 month low of $85.11 and a 12 month high of $123.62. The stock has a market cap of $2.50 billion, a P/E ratio of 19.38, a P/E/G ratio of 1.22 and a beta of 0.59.

Strategic Education Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Monday, December 2nd. Strategic Education’s dividend payout ratio is currently 45.71%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Strategic Education in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

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.