Raymond James Financial Services Advisors Inc. Sells 275 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Raymond James Financial Services Advisors Inc. trimmed its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA) by 2.4% during the 4th quarter, Holdings Channel reports. The fund owned 11,401 shares of the health services provider’s stock after selling 275 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Strategic Education were worth $1,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STRA. State of Wyoming bought a new position in Strategic Education during the 4th quarter worth about $33,000. Tower Research Capital LLC TRC grew its holdings in Strategic Education by 140.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 656 shares of the health services provider’s stock worth $49,000 after acquiring an additional 383 shares in the last quarter. VisionPoint Advisory Group LLC lifted its position in shares of Strategic Education by 27.8% during the third quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider’s stock valued at $82,000 after buying an additional 236 shares during the last quarter. US Bancorp DE lifted its position in shares of Strategic Education by 585.2% during the first quarter. US Bancorp DE now owns 1,295 shares of the health services provider’s stock valued at $86,000 after buying an additional 1,106 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Strategic Education by 16.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the health services provider’s stock valued at $95,000 after buying an additional 199 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

STRA has been the subject of several analyst reports. TheStreet raised shares of Strategic Education from a “c+” rating to a “b” rating in a research report on Thursday, February 29th. Bank of America increased their price target on shares of Strategic Education from $104.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Truist Financial increased their price target on shares of Strategic Education from $92.00 to $110.00 and gave the company a “hold” rating in a research report on Friday, March 1st. BMO Capital Markets increased their price target on shares of Strategic Education from $103.00 to $123.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, Barrington Research reissued an “outperform” rating and set a $125.00 price target on shares of Strategic Education in a research report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $120.50.

Insiders Place Their Bets

In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the completion of the transaction, the chief executive officer now directly owns 161,359 shares of the company’s stock, valued at approximately $15,488,850.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the completion of the transaction, the chief executive officer now directly owns 161,359 shares of the company’s stock, valued at approximately $15,488,850.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel Wayne Jackson sold 3,713 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total transaction of $356,262.35. Following the transaction, the chief financial officer now directly owns 71,770 shares of the company’s stock, valued at $6,886,331.50. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Strategic Education Stock Performance

Shares of Strategic Education stock opened at $98.45 on Monday. The firm has a market capitalization of $2.42 billion, a P/E ratio of 33.95, a PEG ratio of 1.17 and a beta of 0.50. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average price of $100.67 and a 200 day moving average price of $92.63. Strategic Education, Inc. has a 52 week low of $64.53 and a 52 week high of $111.95.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, February 29th. The health services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.34 by $0.34. The firm had revenue of $302.70 million during the quarter, compared to analyst estimates of $297.48 million. Strategic Education had a net margin of 6.16% and a return on equity of 5.52%. Strategic Education’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm posted $0.78 EPS. Sell-side analysts expect that Strategic Education, Inc. will post 4.6 EPS for the current year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 11th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Friday, March 8th. Strategic Education’s dividend payout ratio is presently 82.76%.

Strategic Education Company 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.