Strategic Education Inc. $STRA Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its position in Strategic Education Inc. (NASDAQ:STRA) by 17.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,387 shares of the health services provider’s stock after purchasing an additional 6,513 shares during the period. American Century Companies Inc. owned 0.18% of Strategic Education worth $3,727,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of STRA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Strategic Education by 2.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,708 shares of the health services provider’s stock worth $1,467,000 after purchasing an additional 336 shares in the last quarter. Significant Wealth Partners LLC boosted its position in shares of Strategic Education by 17.3% during the 1st quarter. Significant Wealth Partners LLC now owns 2,689 shares of the health services provider’s stock worth $226,000 after acquiring an additional 396 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Strategic Education by 3.7% during the 1st quarter. D.A. Davidson & CO. now owns 11,107 shares of the health services provider’s stock worth $933,000 after acquiring an additional 399 shares in the last quarter. Wakefield Asset Management LLLP increased its holdings in shares of Strategic Education by 8.0% in the 1st quarter. Wakefield Asset Management LLLP now owns 8,357 shares of the health services provider’s stock valued at $702,000 after acquiring an additional 619 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Strategic Education by 36.7% during the 1st quarter. International Assets Investment Management LLC now owns 3,251 shares of the health services provider’s stock worth $273,000 after acquiring an additional 872 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STRA has been the subject of a number of research analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $105.00 price target on shares of Strategic Education in a report on Wednesday, July 30th. BMO Capital Markets reduced their price objective on shares of Strategic Education from $98.00 to $88.00 and set an “outperform” rating for the company in a research report on Friday, August 1st. Finally, Wall Street Zen downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $99.33.

Strategic Education Trading Down 0.2%

Shares of NASDAQ STRA opened at $81.35 on Friday. The stock has a market cap of $1.94 billion, a P/E ratio of 16.91, a P/E/G ratio of 0.96 and a beta of 0.58. Strategic Education Inc. has a twelve month low of $72.25 and a twelve month high of $104.51. The stock has a 50 day moving average of $80.07 and a two-hundred day moving average of $83.77.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Wednesday, July 30th. The health services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Strategic Education had a net margin of 9.27% and a return on equity of 7.52%. The business had revenue of $321.47 million for the quarter, compared to analyst estimates of $322.84 million. During the same period last year, the firm posted $1.33 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, research analysts predict that Strategic Education Inc. will post 4.79 earnings per share for the current year.

Strategic Education Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, September 5th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.0%. Strategic Education’s dividend payout ratio (DPR) is currently 49.90%.

Insider Transactions at Strategic Education

In other Strategic Education news, Director G Thomas Waite III sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $81.69, for a total transaction of $57,183.00. Following the completion of the sale, the director directly owned 15,926 shares of the company’s stock, valued at $1,300,994.94. This represents a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is owned by company insiders.

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.