Strategic Education, Inc. (NASDAQ:STRA) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in shares of Strategic Education, Inc. (NASDAQ:STRA) by 94.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 287 shares of the health services provider’s stock after selling 4,530 shares during the period. Nisa Investment Advisors LLC’s holdings in Strategic Education were worth $27,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Strategic Education by 76.7% during the third quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock worth $36,941,000 after acquiring an additional 173,225 shares during the last quarter. Principal Financial Group Inc. increased its position in Strategic Education by 11.5% during the 3rd quarter. Principal Financial Group Inc. now owns 120,628 shares of the health services provider’s stock worth $11,164,000 after purchasing an additional 12,437 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Strategic Education in the third quarter valued at approximately $37,000. SkyView Investment Advisors LLC lifted its position in Strategic Education by 4.3% during the third quarter. SkyView Investment Advisors LLC now owns 8,907 shares of the health services provider’s stock valued at $824,000 after buying an additional 364 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Strategic Education during the third quarter worth approximately $206,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Strategic Education Price Performance

Strategic Education stock opened at $98.23 on Friday. The firm’s fifty day moving average price is $96.39 and its 200 day moving average price is $96.09. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.15 and a beta of 0.58. Strategic Education, Inc. has a 12-month low of $85.11 and a 12-month high of $123.62.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The business had revenue of $305.96 million for the quarter, compared to analyst estimates of $301.62 million. During the same period in the previous year, the company earned $0.97 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts forecast that Strategic Education, Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.44%. The ex-dividend date was Monday, December 2nd. Strategic Education’s dividend payout ratio (DPR) is currently 45.71%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on STRA. Truist Financial cut their target price on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Barrington Research reissued an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a research report on Tuesday, January 21st. Finally, StockNews.com downgraded Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Strategic Education presently has an average rating of “Moderate Buy” and a consensus price target of $126.00.

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.