Brokerages Set Strategic Education, Inc. (NASDAQ:STRA) Target Price at $126.00

Strategic Education, Inc. (NASDAQ:STRA - Get Free Report) has been given an average rating of "Buy" by the four analysts that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have covered the stock in the last year is $126.00.

A number of analysts have weighed in on STRA shares. Truist Financial decreased their target price on shares of Strategic Education from $145.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, October 16th. StockNews.com cut Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, October 5th. Finally, Barrington Research reissued an "outperform" rating and set a $135.00 price target on shares of Strategic Education in a research note on Tuesday.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new stake in shares of Strategic Education in the 4th quarter valued at $96,000. KBC Group NV boosted its position in Strategic Education by 53.3% during the fourth quarter. KBC Group NV now owns 1,044 shares of the health services provider's stock valued at $98,000 after acquiring an additional 363 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Strategic Education by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 8,113 shares of the health services provider's stock worth $758,000 after acquiring an additional 205 shares during the period. JPMorgan Chase & Co. raised its position in shares of Strategic Education by 76.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider's stock worth $36,941,000 after acquiring an additional 173,225 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Strategic Education by 11.5% in the 3rd quarter. Principal Financial Group Inc. now owns 120,628 shares of the health services provider's stock valued at $11,164,000 after purchasing an additional 12,437 shares during the period. Institutional investors own 93.27% of the company's stock.

Strategic Education Stock Performance

Shares of Strategic Education stock traded down $0.04 during trading on Wednesday, reaching $97.17. 98,154 shares of the company's stock were exchanged, compared to its average volume of 100,196. Strategic Education has a 1-year low of $85.11 and a 1-year high of $123.62. The company has a market cap of $2.39 billion, a P/E ratio of 18.51, a PEG ratio of 1.15 and a beta of 0.58. The firm's 50-day moving average price is $96.20 and its 200 day moving average price is $96.60.

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

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 paid a $0.60 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.47%. Strategic Education's payout ratio is 45.71%.

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.