7,808 Shares in Strategic Education, Inc. (NASDAQ:STRA) Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. purchased a new position in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,808 shares of the health services provider's stock, valued at approximately $723,000.

Other large investors have also modified their holdings of the company. Marshfield Associates boosted its holdings in Strategic Education by 0.5% in the second quarter. Marshfield Associates now owns 1,820,621 shares of the health services provider's stock worth $201,470,000 after purchasing an additional 9,171 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Strategic Education by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,447,810 shares of the health services provider's stock valued at $160,212,000 after buying an additional 48,462 shares during the last quarter. Burgundy Asset Management Ltd. raised its stake in Strategic Education by 2.1% during the second quarter. Burgundy Asset Management Ltd. now owns 1,209,100 shares of the health services provider's stock worth $133,799,000 after acquiring an additional 25,269 shares during the period. Disciplined Growth Investors Inc. MN lifted its holdings in Strategic Education by 0.6% in the second quarter. Disciplined Growth Investors Inc. MN now owns 450,928 shares of the health services provider's stock worth $49,900,000 after acquiring an additional 2,749 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Strategic Education by 7.4% in the second quarter. Envestnet Asset Management Inc. now owns 369,728 shares of the health services provider's stock valued at $40,914,000 after acquiring an additional 25,455 shares during the period. Institutional investors own 93.27% of the company's stock.

Strategic Education Trading Down 0.7 %

STRA stock traded down $0.69 during trading hours on Friday, hitting $98.14. 74,904 shares of the stock traded hands, compared to its average volume of 160,868. Strategic Education, Inc. has a one year low of $85.11 and a one year high of $123.62. The stock has a 50-day simple moving average of $92.57 and a 200 day simple moving average of $100.27. The company has a market cap of $2.41 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.39 and a beta of 0.59.

Strategic Education (NASDAQ:STRA - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.35. The business had revenue of $305.96 million during the quarter, compared to analyst estimates of $301.62 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The company's revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.97 EPS. Analysts forecast that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.45%. Strategic Education's dividend payout ratio is currently 45.71%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on STRA shares. StockNews.com cut Strategic Education from a "buy" rating to a "hold" rating in a research report on Saturday, October 5th. Barrington Research reaffirmed an "outperform" rating and issued a $135.00 target price on shares of Strategic Education in a research report on Thursday, November 7th. Finally, Truist Financial reduced their price objective on Strategic Education from $145.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Strategic Education currently has an average rating of "Moderate Buy" and an average price target 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.