Nisa Investment Advisors LLC Has $426,000 Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Nisa Investment Advisors LLC lessened its stake in Strategic Education, Inc. (NASDAQ:STRA) by 14.8% in the 4th quarter, HoldingsChannel reports. The fund owned 4,616 shares of the health services provider’s stock after selling 800 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Strategic Education were worth $426,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STRA. T. Rowe Price Investment Management Inc. increased its position in Strategic Education by 30.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,087,347 shares of the health services provider’s stock valued at $163,482,000 after acquiring an additional 484,022 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Strategic Education by 155.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 396,049 shares of the health services provider’s stock valued at $29,803,000 after acquiring an additional 241,168 shares in the last quarter. Norges Bank acquired a new stake in Strategic Education in the 4th quarter valued at about $14,494,000. International Assets Investment Management LLC increased its position in Strategic Education by 6,377.0% in the 4th quarter. International Assets Investment Management LLC now owns 178,182 shares of the health services provider’s stock valued at $16,459,000 after acquiring an additional 175,431 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Strategic Education by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,225,778 shares of the health services provider’s stock valued at $199,942,000 after acquiring an additional 157,880 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Stock Up 1.4 %

Shares of NASDAQ STRA opened at $98.07 on Thursday. The stock has a market cap of $2.41 billion, a P/E ratio of 33.82, a P/E/G ratio of 1.15 and a beta of 0.50. The firm has a 50 day moving average price of $100.79 and a 200 day moving average price of $92.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.57. Strategic Education, Inc. has a 52-week low of $64.53 and a 52-week high of $111.95.

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

Strategic Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 11th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Friday, March 8th. Strategic Education’s dividend payout ratio is currently 82.76%.

Insider Activity at Strategic Education

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

Analysts Set New Price Targets

STRA has been the subject of several analyst reports. TheStreet upgraded shares of Strategic Education from a “c+” rating to a “b” rating in a research report on Thursday, February 29th. StockNews.com cut shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Barrington Research reiterated an “outperform” rating and set a $125.00 price target on shares of Strategic Education in a research report on Tuesday, April 9th. Bank of America lifted their price target on shares of Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, BMO Capital Markets lifted their price target on shares of Strategic Education from $103.00 to $123.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.25.

Strategic Education 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.