Strategic Education, Inc. (NASDAQ:STRA - Get Free Report)'s stock price fell 3.2% during trading on Friday . The stock traded as low as $92.01 and last traded at $92.01. 96,202 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 130,842 shares. The stock had previously closed at $95.08.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. Truist Financial lowered their target price on shares of Strategic Education from $145.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. Barrington Research reaffirmed an "outperform" rating and set a $135.00 price objective on shares of Strategic Education in a research note on Thursday, November 7th. Finally, StockNews.com cut shares of Strategic Education from a "buy" rating to a "hold" rating in a research note on Saturday, October 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $126.00.
Get Our Latest Report on Strategic Education
Strategic Education Stock Performance
The company's 50-day moving average is $94.33 and its 200-day moving average is $99.40. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 1.38 and a beta of 0.59.
Strategic Education (NASDAQ:STRA - Get Free Report) last announced its earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. The company had revenue of $305.96 million for the quarter, compared to analyst estimates of $301.62 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. Strategic Education's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 earnings per share. On average, analysts predict that Strategic Education, Inc. will post 4.79 EPS for the current year.
Strategic Education Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.59%. Strategic Education's payout ratio is 45.71%.
Institutional Investors Weigh In On Strategic Education
A number of institutional investors and hedge funds have recently made changes to their positions in STRA. Daiwa Securities Group Inc. increased its position in Strategic Education by 46.3% in the second quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider's stock worth $44,000 after purchasing an additional 125 shares during the period. Arizona State Retirement System grew its position in shares of Strategic Education by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 6,199 shares of the health services provider's stock worth $686,000 after buying an additional 160 shares during the period. Evergreen Capital Management LLC raised its stake in shares of Strategic Education by 8.7% during the second quarter. Evergreen Capital Management LLC now owns 2,160 shares of the health services provider's stock worth $239,000 after buying an additional 172 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Strategic Education by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the health services provider's stock valued at $1,217,000 after buying an additional 200 shares during the period. Finally, HighTower Advisors LLC boosted its stake in Strategic Education by 9.8% in the third quarter. HighTower Advisors LLC now owns 2,448 shares of the health services provider's stock valued at $228,000 after acquiring an additional 218 shares during the last quarter. Institutional investors own 93.27% of the company's stock.
About Strategic Education
(
Get Free Report)
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.
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