Strategic Education, Inc. (NASDAQ:STRA) Shares Bought by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN raised its stake in shares of Strategic Education, Inc. (NASDAQ:STRA) by 0.6% in the second quarter, Holdings Channel.com reports. The fund owned 450,928 shares of the health services provider’s stock after purchasing an additional 2,749 shares during the period. Disciplined Growth Investors Inc. MN’s holdings in Strategic Education were worth $49,900,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Strategic Education in the 2nd quarter valued at approximately $36,000. Meeder Asset Management Inc. purchased a new position in shares of Strategic Education during the second quarter worth $36,000. CWM LLC grew its stake in shares of Strategic Education by 2,650.0% in the second quarter. CWM LLC now owns 330 shares of the health services provider’s stock valued at $37,000 after buying an additional 318 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Strategic Education in the 2nd quarter valued at $38,000. Finally, Rothschild Investment LLC acquired a new position in Strategic Education during the 2nd quarter worth about $38,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STRA has been the subject of several research reports. StockNews.com raised Strategic Education from a “hold” rating to a “buy” rating in a research report on Friday. Barrington Research restated an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a report on Thursday. Finally, BMO Capital Markets cut their target price on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $132.25.

Strategic Education Stock Performance

Shares of Strategic Education stock opened at $92.72 on Friday. The business has a 50-day simple moving average of $98.16 and a 200-day simple moving average of $105.74. 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 one year low of $74.43 and a one year high of $123.62. The company has a market cap of $2.28 billion, a PE ratio of 21.97, a P/E/G ratio of 1.32 and a beta of 0.56.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings results on Wednesday, July 31st. The health services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.19 by $0.14. Strategic Education had a net margin of 9.84% and a return on equity of 7.47%. The company had revenue of $312.30 million during the quarter, compared to analysts’ expectations of $308.16 million. During the same quarter in the previous year, the business posted $0.82 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Strategic Education, Inc. will post 4.65 EPS for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.59%. The ex-dividend date was Friday, September 6th. Strategic Education’s dividend payout ratio (DPR) is presently 56.87%.

Insider Buying and Selling at Strategic Education

In other Strategic Education news, Director Viet D. Dinh acquired 5,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of $95.59 per share, with a total value of $477,950.00. Following the transaction, the director now owns 20,020 shares in the company, valued at approximately $1,913,711.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.10% of the stock is owned by insiders.

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.