State Street Corp Has $82.38 Million Holdings in Strategic Education, Inc. (NASDAQ:STRA)

State Street Corp increased its position in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 6.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 890,133 shares of the health services provider's stock after acquiring an additional 50,980 shares during the quarter. State Street Corp owned 3.62% of Strategic Education worth $82,382,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in STRA. CWM LLC raised its stake in Strategic Education by 2,650.0% during the 2nd quarter. CWM LLC now owns 330 shares of the health services provider's stock valued at $37,000 after purchasing an additional 318 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Strategic Education by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the health services provider's stock worth $1,217,000 after acquiring an additional 200 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Strategic Education by 3.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 269,867 shares of the health services provider's stock worth $29,864,000 after purchasing an additional 8,432 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Strategic Education by 11.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,238 shares of the health services provider's stock valued at $580,000 after acquiring an additional 527 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in Strategic Education in the second quarter worth approximately $38,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Strategic Education Price Performance

Shares of STRA stock traded down $1.86 on Tuesday, reaching $99.76. 164,459 shares of the stock were exchanged, compared to its average volume of 130,889. Strategic Education, Inc. has a one year low of $85.11 and a one year high of $123.62. The stock has a market cap of $2.45 billion, a PE ratio of 19.00, a P/E/G ratio of 1.38 and a beta of 0.59. The stock has a 50 day moving average price of $94.02 and a 200 day moving average price of $99.46.

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

Strategic Education Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Truist Financial decreased their price target on Strategic Education from $145.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Barrington Research reissued an "outperform" rating and set a $135.00 target price on shares of Strategic Education in a research report on Thursday, November 7th. Finally, StockNews.com lowered shares of Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, October 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently 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.