Disciplined Growth Investors Inc. MN Grows Stake in Strategic Education, Inc. (NASDAQ:STRA)

Disciplined Growth Investors Inc. MN lifted its stake in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 461,012 shares of the health services provider's stock after purchasing an additional 10,084 shares during the quarter. Disciplined Growth Investors Inc. MN owned about 1.88% of Strategic Education worth $42,667,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in shares of Strategic Education in the 2nd quarter worth $36,000. CWM LLC increased its position in Strategic Education by 2,650.0% during the second quarter. CWM LLC now owns 330 shares of the health services provider's stock worth $37,000 after purchasing an additional 318 shares during the last quarter. Rothschild Investment LLC purchased a new position in Strategic Education during the second quarter worth about $38,000. Innealta Capital LLC acquired a new position in Strategic Education in the 2nd quarter valued at about $38,000. Finally, Daiwa Securities Group Inc. grew its stake in shares of Strategic Education by 46.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider's stock valued at $44,000 after buying an additional 125 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Strategic Education Stock Performance

Strategic Education stock traded up $1.06 during midday trading on Tuesday, hitting $99.66. 25,631 shares of the company's stock were exchanged, compared to its average volume of 130,931. The firm's 50 day simple moving average is $92.69 and its 200 day simple moving average is $100.04. 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 $2.45 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 1.37 and a beta of 0.59.

Strategic Education (NASDAQ:STRA - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.35. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The firm had revenue of $305.96 million for the quarter, compared to analysts' expectations of $301.62 million. During the same quarter in the previous year, the firm posted $0.97 EPS. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts forecast that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.40 annualized dividend and a yield of 2.41%. Strategic Education's dividend payout ratio is currently 45.71%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on STRA. Barrington Research reissued an "outperform" rating and set a $135.00 target price on shares of Strategic Education in a research note on Thursday, November 7th. StockNews.com lowered Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, October 5th. Finally, Truist Financial dropped their price objective on shares of Strategic Education from $145.00 to $120.00 and set a "buy" rating on the stock 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 data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $126.00.

Strategic Education Company Profile

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.