Strategic Education’s (STRA) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research reiterated their outperform rating on shares of Strategic Education (NASDAQ:STRA) in a report issued on Tuesday morning,Benzinga reports. Barrington Research currently has a $135.00 target price on the health services provider’s stock.

Other research analysts have also recently issued reports about the company. Truist Financial dropped their target price on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Strategic Education has an average rating of “Moderate Buy” and a consensus price target of $126.00.

Strategic Education Stock Up 0.3 %

Shares of Strategic Education stock opened at $97.50 on Tuesday. Strategic Education has a twelve month low of $85.11 and a twelve month high of $123.62. The company’s 50 day moving average is $96.22 and its 200 day moving average is $96.61. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.15 and a beta of 0.58.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.35. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The firm had revenue of $305.96 million for the quarter, compared to analysts’ expectations of $301.62 million. During the same period in the prior year, the firm earned $0.97 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. Sell-side analysts expect that Strategic Education will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.46%. Strategic Education’s dividend payout ratio is currently 45.71%.

Institutional Trading of Strategic Education

Several hedge funds have recently bought and sold shares of STRA. Wilmington Savings Fund Society FSB bought a new stake in shares of Strategic Education in the third quarter worth about $37,000. R Squared Ltd purchased a new position in Strategic Education during the 4th quarter valued at approximately $42,000. Allspring Global Investments Holdings LLC purchased a new position in Strategic Education during the 3rd quarter valued at approximately $55,000. Pacer Advisors Inc. bought a new stake in Strategic Education in the 4th quarter worth approximately $96,000. Finally, KBC Group NV raised its holdings in shares of Strategic Education by 53.3% during the 4th quarter. KBC Group NV now owns 1,044 shares of the health services provider’s stock worth $98,000 after acquiring an additional 363 shares in the last quarter. Hedge funds and other 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.