Strategic Education, Inc. (NASDAQ:STRA) Shares Bought by US Bancorp DE

US Bancorp DE boosted its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA) by 12.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,938 shares of the health services provider’s stock after buying an additional 220 shares during the quarter. US Bancorp DE’s holdings in Strategic Education were worth $179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Marshfield Associates raised its holdings in shares of Strategic Education by 0.5% during the second quarter. Marshfield Associates now owns 1,820,621 shares of the health services provider’s stock worth $201,470,000 after purchasing an additional 9,171 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Strategic Education by 3.5% during the 2nd 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 period. Burgundy Asset Management Ltd. raised its stake in shares of Strategic Education by 2.1% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,209,100 shares of the health services provider’s stock valued at $133,799,000 after buying an additional 25,269 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in shares of Strategic Education by 0.6% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 450,928 shares of the health services provider’s stock valued at $49,900,000 after buying an additional 2,749 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Strategic Education by 7.4% in the second quarter. Envestnet Asset Management Inc. now owns 369,728 shares of the health services provider’s stock worth $40,914,000 after buying an additional 25,455 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Strategic Education Price Performance

Shares of NASDAQ:STRA opened at $96.64 on Friday. The business’s 50 day moving average price is $90.90 and its 200-day moving average price is $102.76. Strategic Education, Inc. has a 1 year low of $85.11 and a 1 year high of $123.62. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.37 and a beta of 0.57.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.35. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The business had revenue of $305.96 million for the quarter, compared to the consensus estimate of $301.62 million. During the same period last year, the firm posted $0.97 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts expect that Strategic Education, Inc. will post 4.76 earnings per share for the current year.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.48%. Strategic Education’s payout ratio is currently 45.71%.

Analysts Set New Price Targets

Several research analysts recently weighed in on STRA shares. Truist Financial reduced their price target on Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. Barrington Research reissued an “outperform” rating and set a $135.00 price target on shares of Strategic Education in a report on Thursday, November 7th. Finally, BMO Capital Markets cut their price objective on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.