Strategic Education, Inc. (NASDAQ:STRA) Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System grew its holdings in shares of Strategic Education, Inc. (NASDAQ:STRAGet Rating) by 5.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 9,864 shares of the health services provider’s stock after acquiring an additional 475 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Strategic Education were worth $696,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Clear Street Markets LLC acquired a new position in Strategic Education during the 2nd quarter worth $42,000. US Bancorp DE boosted its position in Strategic Education by 585.2% during the 1st quarter. US Bancorp DE now owns 1,295 shares of the health services provider’s stock worth $86,000 after acquiring an additional 1,106 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Strategic Education by 16.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the health services provider’s stock worth $95,000 after buying an additional 199 shares in the last quarter. GHE LLC bought a new stake in shares of Strategic Education in the 2nd quarter worth $142,000. Finally, KBC Group NV bought a new stake in shares of Strategic Education in the 2nd quarter worth $142,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Strategic Education Stock Up 0.2 %

Shares of Strategic Education stock opened at $79.82 on Friday. The stock’s fifty day moving average is $67.44 and its 200-day moving average is $66.93. The firm has a market capitalization of $1.95 billion, a PE ratio of 38.56, a price-to-earnings-growth ratio of 1.98 and a beta of 0.49. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.09. Strategic Education, Inc. has a 12-month low of $48.01 and a 12-month high of $81.04.

Strategic Education (NASDAQ:STRAGet Rating) last announced its earnings results on Thursday, November 3rd. The health services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. Strategic Education had a return on equity of 4.14% and a net margin of 4.69%. The company had revenue of $263.10 million for the quarter, compared to analyst estimates of $260.41 million. During the same period in the previous year, the firm earned $0.59 earnings per share. Strategic Education’s revenue for the quarter was down 2.6% compared to the same quarter last year. Equities analysts anticipate that Strategic Education, Inc. will post 2.67 earnings per share for the current year.

Strategic Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Stockholders of record on Monday, November 28th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, November 25th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.01%. Strategic Education’s dividend payout ratio is 115.94%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Truist Financial boosted their price objective on Strategic Education from $65.00 to $75.00 in a research note on Thursday, July 28th. Barrington Research boosted their price objective on Strategic Education from $75.00 to $85.00 in a research note on Wednesday, July 27th. BMO Capital Markets boosted their price objective on Strategic Education from $82.00 to $88.00 in a research note on Friday, November 11th. Finally, StockNews.com raised Strategic Education from a “hold” rating to a “buy” rating in a research report on Thursday, November 3rd.

About Strategic Education

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Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. It operates through three segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services. The company operates Strayer University that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice 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 an executive MBA online through its Jack Welch Management Institute.

See Also

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Institutional Ownership by Quarter for Strategic Education (NASDAQ:STRA)

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