Victory Capital Management Inc. Boosts Stock Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Victory Capital Management Inc. lifted its stake in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 51.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,345 shares of the health services provider's stock after purchasing an additional 19,483 shares during the quarter. Victory Capital Management Inc. owned 0.23% of Strategic Education worth $5,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its stake in shares of Strategic Education by 83.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,817 shares of the health services provider's stock worth $1,230,000 after buying an additional 5,358 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Strategic Education by 2.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 35,276 shares of the health services provider's stock valued at $3,669,000 after purchasing an additional 770 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Strategic Education in the 1st quarter worth $738,000. SkyView Investment Advisors LLC raised its stake in shares of Strategic Education by 3.2% in the first quarter. SkyView Investment Advisors LLC now owns 7,651 shares of the health services provider's stock worth $797,000 after purchasing an additional 236 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Strategic Education in the 2nd quarter worth about $36,000. Institutional investors own 93.27% of the company's stock.

Strategic Education Stock Performance

Shares of STRA stock opened at $99.40 on Friday. The stock has a fifty day simple moving average of $91.32 and a two-hundred day simple moving average of $101.84. The firm has a market capitalization of $2.44 billion, a PE ratio of 18.93, a PEG ratio of 1.35 and a beta of 0.57. Strategic Education, Inc. has a 52-week low of $85.11 and a 52-week high of $123.62.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its quarterly 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. 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%. Strategic Education's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. On average, sell-side analysts forecast that Strategic Education, Inc. will post 4.76 EPS for the current fiscal year.

Strategic Education Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be issued a $0.60 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.41%. Strategic Education's dividend payout ratio (DPR) is presently 45.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on STRA. BMO Capital Markets dropped their price target on shares of Strategic Education from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Thursday, August 1st. Barrington Research reaffirmed an "outperform" rating and issued a $135.00 price objective on shares of Strategic Education in a report on Thursday, November 7th. Truist Financial decreased their target price on Strategic Education from $145.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. Finally, StockNews.com cut Strategic Education from a "buy" rating to a "hold" rating in a research report 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $126.00.

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.