Strategic Education (NASDAQ:STRA) Price Target Increased to $130.00 by Analysts at BMO Capital Markets

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

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

Strategic Education Stock Up 2.8 %

Shares of NASDAQ:STRA opened at $117.97 on Monday. Strategic Education has a 1 year low of $64.53 and a 1 year high of $121.29. The company has a market cap of $2.90 billion, a PE ratio of 27.19, a P/E/G ratio of 1.31 and a beta of 0.45. 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 stock’s 50-day moving average is $103.17 and its 200 day moving average is $95.00.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Thursday, April 25th. The health services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $274.02 million. Sell-side analysts anticipate that Strategic Education will post 4.83 EPS for the current year.

Strategic Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 24th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.03%. Strategic Education’s payout ratio is 56.87%.

Insider Activity

In related news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 161,359 shares of the company’s stock, valued at approximately $15,488,850.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Strategic Education news, CFO Daniel Wayne Jackson sold 3,713 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total value of $356,262.35. Following the completion of the sale, 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 can be accessed through the SEC website. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the completion of the sale, the chief executive officer now directly owns 161,359 shares of the company’s stock, valued at approximately $15,488,850.41. The disclosure for this sale can be found here. Insiders sold a total of 16,995 shares of company stock worth $1,642,752 over the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of Strategic Education

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in shares of Strategic Education during the fourth quarter valued at approximately $73,000. VisionPoint Advisory Group LLC raised its stake 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 acquiring an additional 236 shares in the last quarter. TFO Wealth Partners LLC raised its stake in shares of Strategic Education by 118,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,181 shares of the health services provider’s stock valued at $109,000 after acquiring an additional 1,180 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of Strategic Education during the fourth quarter valued at approximately $236,000. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in shares of Strategic Education during the fourth quarter valued at approximately $272,000. 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.