Brokerages Set Strategic Education, Inc. (NASDAQ:STRA) Target Price at $126.00

Strategic Education, Inc. (NASDAQ:STRA) has been given a consensus rating of “Buy” by the four research firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $126.00.

A number of equities research analysts have commented on the stock. Truist Financial decreased their target price on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. StockNews.com cut shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Finally, Barrington Research restated an “outperform” rating and set a $135.00 target price on shares of Strategic Education in a research note on Thursday, November 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans grew its holdings in shares of Strategic Education by 19.7% in the third quarter. Thrivent Financial for Lutherans now owns 43,755 shares of the health services provider’s stock valued at $4,050,000 after purchasing an additional 7,203 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Strategic Education in the second quarter valued at $1,357,000. Envestnet Asset Management Inc. grew its holdings in shares of Strategic Education by 7.4% in the second quarter. Envestnet Asset Management Inc. now owns 369,728 shares of the health services provider’s stock valued at $40,914,000 after purchasing an additional 25,455 shares in the last quarter. Beck Bode LLC purchased a new position in shares of Strategic Education in the second quarter valued at $1,028,000. Finally, Intech Investment Management LLC purchased a new position in shares of Strategic Education in the third quarter valued at $702,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Strategic Education Stock Down 1.1 %

Shares of NASDAQ:STRA opened at $98.83 on Tuesday. The firm’s 50 day moving average price is $92.31 and its 200-day moving average price is $100.53. Strategic Education has a twelve month low of $85.11 and a twelve month high of $123.62. The stock has a market capitalization of $2.43 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.39 and a beta of 0.59.

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

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Monday, December 2nd. Strategic Education’s dividend payout ratio (DPR) is presently 45.71%.

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.