Daniel Wayne Jackson Sells 6,025 Shares of Strategic Education, Inc. (NASDAQ:STRA) Stock

Strategic Education, Inc. (NASDAQ:STRA) CFO Daniel Wayne Jackson sold 6,025 shares of Strategic Education stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total transaction of $589,425.75. Following the sale, the chief financial officer now owns 81,756 shares in the company, valued at $7,998,189.48. This represents a 6.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Strategic Education Stock Performance

Shares of NASDAQ STRA opened at $80.53 on Friday. The stock has a market cap of $1.98 billion, a PE ratio of 15.34, a PEG ratio of 1.22 and a beta of 0.59. The business has a fifty day moving average of $96.33 and a two-hundred day moving average of $94.74. Strategic Education, Inc. has a 52-week low of $78.62 and a 52-week high of $123.62.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Thursday, February 27th. The health services provider reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.10). Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The business had revenue of $311.46 million during the quarter, compared to the consensus estimate of $315.18 million. Analysts predict that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.98%. Strategic Education’s dividend payout ratio is 51.39%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on STRA shares. Barrington Research decreased their price target on shares of Strategic Education from $135.00 to $120.00 and set an “outperform” rating on the stock in a research note on Thursday. StockNews.com raised Strategic Education from a “hold” rating to a “buy” rating in a report on Wednesday. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $122.25.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Burgundy Asset Management Ltd. raised its holdings in shares of Strategic Education by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,258,680 shares of the health services provider’s stock valued at $117,586,000 after buying an additional 20,456 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Strategic Education by 19.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,459 shares of the health services provider’s stock worth $4,527,000 after purchasing an additional 7,926 shares during the last quarter. Two Sigma Advisers LP raised its holdings in Strategic Education by 90.3% during the 4th quarter. Two Sigma Advisers LP now owns 4,425 shares of the health services provider’s stock worth $413,000 after purchasing an additional 2,100 shares during the last quarter. Systematic Financial Management LP raised its holdings in Strategic Education by 31.3% during the 4th quarter. Systematic Financial Management LP now owns 30,820 shares of the health services provider’s stock worth $2,879,000 after purchasing an additional 7,340 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Strategic Education by 6.2% during the 4th quarter. Royal Bank of Canada now owns 589,053 shares of the health services provider’s stock worth $55,029,000 after purchasing an additional 34,608 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

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.