Bank of New York Mellon Corp Purchases 12,961 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Bank of New York Mellon Corp raised its holdings in Strategic Education, Inc. (NASDAQ:STRA) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,253 shares of the health services provider’s stock after purchasing an additional 12,961 shares during the period. Bank of New York Mellon Corp owned 1.11% of Strategic Education worth $25,434,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Marshfield Associates boosted its holdings 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 buying an additional 9,001 shares during the period. State Street Corp grew its position in shares of Strategic Education by 6.1% in 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. Geode Capital Management LLC raised its stake in shares of Strategic Education by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 561,274 shares of the health services provider’s stock valued at $51,956,000 after purchasing an additional 28,082 shares during the period. Disciplined Growth Investors Inc. MN lifted its holdings in Strategic Education by 2.2% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 461,012 shares of the health services provider’s stock worth $42,667,000 after purchasing an additional 10,084 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Strategic Education by 76.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock worth $36,941,000 after purchasing an additional 173,225 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets lowered their price target on shares of Strategic Education from $114.00 to $97.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Barrington Research decreased their target price on shares of Strategic Education from $135.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Finally, StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Thursday.

Insider Buying and Selling

In related news, CEO Raymond Karl Mcdonnell sold 31,855 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $3,116,374.65. Following the completion of the sale, the chief executive officer now owns 140,281 shares in the company, valued at $13,723,690.23. The trade was a 18.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Daniel Wayne Jackson sold 6,025 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $589,425.75. Following the completion of the sale, the chief financial officer now directly owns 81,756 shares of the company’s stock, valued at approximately $7,998,189.48. This represents a 6.86 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

Strategic Education Stock Up 0.0 %

NASDAQ:STRA opened at $83.33 on Monday. The stock has a market cap of $2.04 billion, a P/E ratio of 15.87, a PEG ratio of 1.22 and a beta of 0.59. The business’s 50-day moving average price is $95.22 and its two-hundred day moving average price is $94.27. Strategic Education, Inc. has a twelve month low of $78.43 and a twelve month high of $123.62.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Thursday, February 27th. The health services provider reported $1.27 earnings per share 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 company had revenue of $311.46 million during the quarter, compared to analysts’ expectations of $315.18 million. On average, equities research analysts expect that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Monday, March 10th. Strategic Education’s dividend payout ratio is currently 51.39%.

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.