Strategic Education, Inc. (NASDAQ:STRA) Given Consensus Recommendation of “Buy” by Analysts

Strategic Education, Inc. (NASDAQ:STRA) has received an average recommendation of “Buy” from the four analysts that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $126.00.

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

Institutional Investors Weigh In On Strategic Education

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC increased its holdings in Strategic Education by 10,374.4% in the 3rd quarter. International Assets Investment Management LLC now owns 199,538 shares of the health services provider’s stock valued at $18,467,000 after buying an additional 197,633 shares during the period. JPMorgan Chase & Co. increased its stake in Strategic Education by 76.7% in the third quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock valued at $36,941,000 after acquiring an additional 173,225 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Strategic Education in the second quarter worth about $12,231,000. Weiss Asset Management LP bought a new position in Strategic Education during the third quarter worth about $5,635,000. Finally, State Street Corp boosted its holdings 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 purchasing an additional 50,980 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Stock Performance

Shares of NASDAQ STRA opened at $97.21 on Wednesday. The firm has a market cap of $2.39 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 1.15 and a beta of 0.58. Strategic Education has a 1 year low of $85.11 and a 1 year high of $123.62. The firm’s 50 day moving average price is $96.23 and its 200 day moving average price is $96.60.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings results on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, beating the consensus estimate of $0.81 by $0.35. The company had revenue of $305.96 million during the quarter, compared to analysts’ expectations of $301.62 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 EPS. As a group, equities analysts predict that Strategic Education will post 4.79 EPS for the current year.

Strategic Education Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Monday, December 2nd. Strategic Education’s dividend payout ratio is currently 45.71%.

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.