BMO Capital Markets Boosts Strategic Education (NASDAQ:STRA) Price Target to $130.00

Strategic Education (NASDAQ:STRA) had its price objective lifted by BMO Capital Markets from $123.00 to $130.00 in a report released on Monday morning, Benzinga reports. They currently have an outperform rating on the health services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. Bank of America boosted their price objective on Strategic Education from $104.00 to $124.00 and gave the company a buy rating in a research note on Tuesday, March 5th. Truist Financial increased their price target on shares of Strategic Education from $125.00 to $145.00 and gave the stock a buy rating in a research note on Friday, April 26th. Barrington Research lifted their price objective on shares of Strategic Education from $125.00 to $135.00 and gave the company an outperform rating in a research note on Thursday, April 25th. TheStreet upgraded shares of Strategic Education from a c+ rating to a b rating in a research note on Thursday, February 29th. Finally, StockNews.com raised Strategic Education from a hold rating to a buy rating in a report on Friday, April 26th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Strategic Education presently has a consensus rating of Buy and an average price target of $133.50.

Strategic Education Trading Down 0.1 %

NASDAQ STRA opened at $114.75 on Monday. The firm’s fifty day moving average price is $102.75 and its 200 day moving average price is $94.86. Strategic Education has a 12 month low of $64.53 and a 12 month high of $121.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 1.34 and a beta of 0.50.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Thursday, April 25th. The health services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.51. Strategic Education had a return on equity of 6.78% and a net margin of 8.70%. The company had revenue of $290.25 million for the quarter, compared to analyst estimates of $274.02 million. On average, sell-side analysts expect that Strategic Education will post 4.83 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 24th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, May 23rd. Strategic Education’s dividend payout ratio (DPR) is presently 56.87%.

Insider Activity

In related news, CFO Daniel Wayne Jackson sold 3,713 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total transaction of $356,262.35. Following the completion of the transaction, the chief financial officer now directly owns 71,770 shares of the company’s stock, valued at $6,886,331.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Daniel Wayne Jackson sold 3,713 shares of Strategic Education stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total value of $356,262.35. Following the sale, the chief financial officer now directly owns 71,770 shares in the company, valued at $6,886,331.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert R. Grusky sold 462 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $120.99, for a total value of $55,897.38. Following the transaction, the director now directly owns 11,945 shares in the company, valued at approximately $1,445,225.55. The disclosure for this sale can be found here. Insiders have sold a total of 16,995 shares of company stock valued at $1,642,752 over the last quarter. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of Strategic Education

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in Strategic Education during the fourth quarter worth about $73,000. VisionPoint Advisory Group LLC grew its holdings in shares of Strategic Education by 27.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider’s stock worth $82,000 after acquiring an additional 236 shares during the period. TFO Wealth Partners LLC increased its stake in Strategic Education by 118,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,181 shares of the health services provider’s stock valued at $109,000 after purchasing an additional 1,180 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Strategic Education during the third quarter worth $234,000. Finally, Everence Capital Management Inc. acquired a new position in Strategic Education during the fourth quarter worth $236,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.