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

Strategic Education, Inc. (NASDAQ:STRA - Get Free Report) has been given an average rating of "Buy" by the four brokerages that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $126.00.

Several research firms have recently commented on STRA. Barrington Research restated an "outperform" rating and issued a $135.00 price target on shares of Strategic Education in a report on Thursday, November 7th. StockNews.com cut Strategic Education from a "buy" rating to a "hold" rating in a research report on Saturday, October 5th. Finally, Truist Financial decreased their price objective 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.

Hedge Funds Weigh In On Strategic Education

Several hedge funds have recently modified their holdings of STRA. Bank of New York Mellon Corp raised its holdings in shares of Strategic Education by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 269,867 shares of the health services provider's stock worth $29,864,000 after buying an additional 8,432 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Strategic Education by 11.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,238 shares of the health services provider's stock valued at $580,000 after purchasing an additional 527 shares during the period. Innealta Capital LLC purchased a new position in shares of Strategic Education in the second quarter worth about $38,000. International Assets Investment Management LLC purchased a new stake in Strategic Education in the second quarter valued at approximately $211,000. Finally, Rothschild Investment LLC purchased a new position in Strategic Education during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 93.27% of the company's stock.

Strategic Education Trading Down 1.3 %

Shares of NASDAQ STRA traded down $1.20 during trading hours on Friday, reaching $92.81. The stock had a trading volume of 88,127 shares, compared to its average volume of 131,601. Strategic Education has a 52-week low of $85.11 and a 52-week high of $123.62. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 1.38 and a beta of 0.59. The business's fifty day moving average price is $94.93 and its two-hundred day moving average price is $98.57.

Strategic Education (NASDAQ:STRA - Get Free Report) last issued its earnings results 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 analysts' expectations of $301.62 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 EPS. Equities research analysts anticipate that Strategic Education will post 4.79 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.59%. The ex-dividend date was Monday, December 2nd. Strategic Education's dividend payout ratio is presently 45.71%.

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.