Daniel Wayne Jackson Sells 6,025 Shares of Strategic Education, Inc. (NASDAQ:STRA) Stock

Strategic Education, Inc. (NASDAQ:STRA - Get Free Report) CFO Daniel Wayne Jackson sold 6,025 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total transaction of $589,425.75. Following the completion of the sale, the chief financial officer now directly owns 81,756 shares of the company's stock, valued at $7,998,189.48. This trade represents a 6.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Strategic Education Stock Performance

Shares of STRA stock traded up $0.68 during mid-day trading on Monday, reaching $81.21. 267,343 shares of the company were exchanged, compared to its average volume of 128,591. Strategic Education, Inc. has a fifty-two week low of $78.62 and a fifty-two week high of $123.62. The company has a market capitalization of $2.00 billion, a P/E ratio of 15.47, a P/E/G ratio of 1.22 and a beta of 0.59. The business's 50 day simple moving average is $96.11 and its 200 day simple moving average is $94.65.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The health services provider reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.10). Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The firm had revenue of $311.46 million for the quarter, compared to the consensus estimate of $315.18 million. On average, analysts forecast that Strategic Education, Inc. will post 4.79 EPS for the current year.

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Strategic Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.96%. The ex-dividend date is Monday, March 10th. Strategic Education's dividend payout ratio (DPR) is presently 51.39%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on STRA. StockNews.com raised shares of Strategic Education from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. BMO Capital Markets decreased their price target on shares of Strategic Education from $114.00 to $97.00 and set an "outperform" rating for the company in a research report on Monday. Finally, Barrington Research decreased their price target on shares of Strategic Education from $135.00 to $120.00 and set an "outperform" rating for the company in a research report on Thursday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Strategic Education presently has an average rating of "Buy" and a consensus target price of $115.25.

Institutional Investors Weigh In On Strategic Education

A number of hedge funds have recently added to or reduced their stakes in the stock. Burgundy Asset Management Ltd. lifted its stake in Strategic Education by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,258,680 shares of the health services provider's stock valued at $117,586,000 after buying an additional 20,456 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Strategic Education by 19.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,459 shares of the health services provider's stock valued at $4,527,000 after buying an additional 7,926 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Strategic Education by 90.3% in the fourth quarter. Two Sigma Advisers LP now owns 4,425 shares of the health services provider's stock valued at $413,000 after buying an additional 2,100 shares during the last quarter. Systematic Financial Management LP lifted its stake in Strategic Education by 31.3% in the fourth quarter. Systematic Financial Management LP now owns 30,820 shares of the health services provider's stock valued at $2,879,000 after buying an additional 7,340 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Strategic Education by 6.2% in the fourth quarter. Royal Bank of Canada now owns 589,053 shares of the health services provider's stock valued at $55,029,000 after buying an additional 34,608 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

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.