Wells Fargo & Company MN Grows Stock Position in Strategic Education, Inc. (NASDAQ:STRA)

Wells Fargo & Company MN boosted its position in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 21.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,603 shares of the health services provider's stock after buying an additional 6,935 shares during the quarter. Wells Fargo & Company MN owned 0.16% of Strategic Education worth $3,700,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of Strategic Education by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the health services provider's stock worth $281,000 after acquiring an additional 191 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Strategic Education by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 8,113 shares of the health services provider's stock valued at $758,000 after purchasing an additional 205 shares during the period. HighTower Advisors LLC grew 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 worth $228,000 after purchasing an additional 218 shares in the last quarter. Swiss National Bank increased its holdings in Strategic Education by 0.7% during the 4th quarter. Swiss National Bank now owns 46,038 shares of the health services provider's stock worth $4,301,000 after purchasing an additional 300 shares during the period. Finally, Semanteon Capital Management LP raised its position in Strategic Education by 2.7% during the 4th quarter. Semanteon Capital Management LP now owns 12,771 shares of the health services provider's stock valued at $1,193,000 after purchasing an additional 336 shares in the last quarter. Institutional investors own 93.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on STRA shares. Barrington Research restated an "outperform" rating and set a $120.00 price target on shares of Strategic Education in a research note on Tuesday, April 15th. BMO Capital Markets cut their target price on shares of Strategic Education from $114.00 to $97.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Finally, StockNews.com cut shares of Strategic Education from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th.

Strategic Education Trading Up 1.4 %

STRA opened at $78.73 on Wednesday. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 1.22 and a beta of 0.58. Strategic Education, Inc. has a 12 month low of $74.28 and a 12 month high of $123.62. The stock has a fifty day moving average price of $84.61 and a 200-day moving average price of $91.23.

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

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.05%. Strategic Education's payout ratio is 51.39%.

Insider Buying and Selling at Strategic Education

In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 31,855 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $3,116,374.65. Following the completion of the sale, the chief executive officer now directly owns 140,281 shares in the company, valued at approximately $13,723,690.23. This trade represents a 18.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel Wayne Jackson sold 6,025 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value 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 approximately $7,998,189.48. This represents a 6.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,332 shares of company stock worth $3,825,169 over the last three months. Corporate insiders own 3.30% of the company's stock.

Strategic Education 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.

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