Analysts Set Strategic Education, Inc. (NASDAQ:STRA) PT at $126.00

Strategic Education, Inc. (NASDAQ:STRA) has been assigned a consensus rating of “Buy” from the four ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $126.00.

STRA has been the subject of several research reports. StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Truist Financial decreased their price target on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Barrington Research reissued an “outperform” rating and set a $135.00 price objective on shares of Strategic Education in a research report on Thursday, November 7th.

Strategic Education Stock Performance

Shares of NASDAQ:STRA opened at $93.42 on Friday. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 1.38 and a beta of 0.59. The business has a 50-day simple moving average of $95.32 and a two-hundred day simple moving average of $98.15. Strategic Education has a fifty-two week low of $85.11 and a fifty-two week high of $123.62.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.35. The firm had revenue of $305.96 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 earnings per share. As a group, research analysts predict that Strategic Education will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.57%. Strategic Education’s payout ratio is 45.71%.

Hedge Funds Weigh In On Strategic Education

Several large investors have recently made changes to their positions in the business. Marshfield Associates lifted its stake in Strategic Education by 0.5% in the 3rd quarter. Marshfield Associates now owns 1,829,622 shares of the health services provider’s stock worth $169,332,000 after purchasing an additional 9,001 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Strategic Education by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,447,810 shares of the health services provider’s stock worth $160,212,000 after purchasing an additional 48,462 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in shares of Strategic Education by 2.1% in the second quarter. Burgundy Asset Management Ltd. now owns 1,209,100 shares of the health services provider’s stock worth $133,799,000 after buying an additional 25,269 shares in the last quarter. State Street Corp boosted its stake in Strategic Education by 6.1% during the third quarter. State Street Corp now owns 890,133 shares of the health services provider’s stock valued at $82,382,000 after buying an additional 50,980 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Strategic Education by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 561,274 shares of the health services provider’s stock worth $51,956,000 after acquiring an additional 28,082 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

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.