Analysts Set Strategic Education, Inc. (NASDAQ:STRA) Price Target at $126.00

Shares of Strategic Education, Inc. (NASDAQ:STRA) have been given an average rating of “Buy” by the four research firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $126.00.

A number of equities research analysts have recently commented on STRA shares. Barrington Research reiterated an “outperform” rating and set a $135.00 target price on shares of Strategic Education in a research note on Tuesday. Truist Financial dropped 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. Finally, StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th.

Hedge Funds Weigh In On Strategic Education

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans raised its stake in shares of Strategic Education by 19.7% during the third quarter. Thrivent Financial for Lutherans now owns 43,755 shares of the health services provider’s stock worth $4,050,000 after acquiring an additional 7,203 shares in the last quarter. JPMorgan Chase & Co. raised its position 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. Principal Financial Group Inc. lifted its stake in Strategic Education by 11.5% in the third 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 during the last quarter. Intech Investment Management LLC bought a new position in shares of Strategic Education during the third quarter valued at about $702,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Strategic Education by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 313,727 shares of the health services provider’s stock worth $29,035,000 after buying an additional 20,389 shares during the period. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Stock Down 1.1 %

Shares of NASDAQ STRA opened at $96.44 on Wednesday. The company’s fifty day simple moving average is $96.23 and its 200 day simple moving average is $96.52. The firm has a market cap of $2.37 billion, a PE ratio of 18.37, a P/E/G ratio of 1.15 and a beta of 0.58. Strategic Education has a 12-month low of $85.11 and a 12-month high of $123.62.

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

Strategic Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a dividend of $0.60 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.49%. Strategic Education’s dividend payout ratio (DPR) is 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.