Strategic Education (NASDAQ:STRA) PT Lowered to $120.00 at Truist Financial

Strategic Education (NASDAQ:STRA) had its price target reduced by Truist Financial from $145.00 to $120.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the health services provider’s stock.

Other analysts have also recently issued reports about the stock. BMO Capital Markets decreased their price objective on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Barrington Research reaffirmed an “outperform” rating and set a $135.00 price target on shares of Strategic Education in a report on Thursday, September 26th. Finally, StockNews.com lowered Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

Strategic Education Trading Down 0.5 %

Shares of STRA opened at $88.34 on Wednesday. The stock has a 50 day simple moving average of $93.04 and a 200-day simple moving average of $104.47. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.17 billion, a PE ratio of 20.93, a PEG ratio of 1.26 and a beta of 0.56. Strategic Education has a 1 year low of $76.94 and a 1 year high of $123.62.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Wednesday, July 31st. The health services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. Strategic Education had a return on equity of 7.47% and a net margin of 9.84%. The company had revenue of $312.30 million during the quarter, compared to analysts’ expectations of $308.16 million. During the same period last year, the business earned $0.82 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Strategic Education will post 4.65 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, September 6th. Strategic Education’s dividend payout ratio is currently 56.87%.

Insiders Place Their Bets

In other news, Director Viet D. Dinh bought 5,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of $95.59 per share, with a total value of $477,950.00. Following the purchase, the director now owns 20,020 shares of the company’s stock, valued at approximately $1,913,711.80. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of STRA. Meeder Asset Management Inc. bought a new stake in shares of Strategic Education during the second quarter worth approximately $36,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Strategic Education during the 2nd quarter worth $36,000. CWM LLC raised its position in shares of Strategic Education by 2,650.0% during the 2nd quarter. CWM LLC now owns 330 shares of the health services provider’s stock valued at $37,000 after acquiring an additional 318 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Strategic Education in the 2nd quarter valued at $38,000. Finally, Innealta Capital LLC acquired a new position in shares of Strategic Education in the 2nd quarter valued at $38,000. Institutional investors 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.