BMO Capital Markets Reaffirms “Buy” Rating for Strayer Education (STRA)

BMO Capital Markets reissued their buy rating on shares of Strayer Education (NASDAQ:STRA) in a research report released on Wednesday. BMO Capital Markets currently has a $107.00 price target on the health services provider’s stock.

STRA has been the topic of several other reports. BidaskClub lowered Strayer Education from a hold rating to a sell rating in a research report on Friday, January 19th. Piper Jaffray raised Strayer Education from a neutral rating to an overweight rating in a research report on Monday, March 5th. TheStreet lowered Strayer Education from a b rating to a c+ rating in a research report on Tuesday, March 13th. First Analysis raised Strayer Education from an equal weight rating to an overweight rating and raised their price objective for the company from $105.00 to $112.00 in a research report on Sunday, March 4th. Finally, Zacks Investment Research lowered Strayer Education from a buy rating to a hold rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $103.75.

NASDAQ:STRA opened at $104.89 on Wednesday. Strayer Education has a 12 month low of $76.40 and a 12 month high of $109.82. The stock has a market capitalization of $1,147.82, a price-to-earnings ratio of 33.59, a P/E/G ratio of 2.60 and a beta of 0.84.



Strayer Education (NASDAQ:STRA) last released its quarterly earnings data on Thursday, March 1st. The health services provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.20). Strayer Education had a net margin of 4.53% and a return on equity of 17.75%. The company had revenue of $118.70 million during the quarter, compared to analysts’ expectations of $121.50 million. During the same period last year, the business earned $1.07 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. equities research analysts anticipate that Strayer Education will post 3.96 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Monday, March 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, March 9th. Strayer Education’s payout ratio is 32.15%.

In other news, CFO Daniel Wayne Jackson sold 19,097 shares of Strayer Education stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $93.39, for a total transaction of $1,783,468.83. Following the sale, the chief financial officer now directly owns 58,015 shares of the company’s stock, valued at $5,418,020.85. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Thomas J. Aprahamian sold 2,964 shares of Strayer Education stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $91.11, for a total value of $270,050.04. Following the sale, the chief accounting officer now directly owns 13,980 shares in the company, valued at $1,273,717.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,043 shares of company stock worth $3,181,155. Corporate insiders own 6.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in STRA. TimesSquare Capital Management LLC increased its position in shares of Strayer Education by 110.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 550,270 shares of the health services provider’s stock worth $49,293,000 after acquiring an additional 289,065 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in shares of Strayer Education by 40.9% during the fourth quarter. Burgundy Asset Management Ltd. now owns 483,142 shares of the health services provider’s stock worth $43,280,000 after acquiring an additional 140,146 shares during the last quarter. Two Sigma Investments LP purchased a new stake in shares of Strayer Education during the fourth quarter worth about $5,049,000. Rice Hall James & Associates LLC increased its position in shares of Strayer Education by 29.5% during the fourth quarter. Rice Hall James & Associates LLC now owns 167,728 shares of the health services provider’s stock worth $15,025,000 after acquiring an additional 38,216 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Strayer Education by 2.7% during the fourth quarter. BlackRock Inc. now owns 1,326,663 shares of the health services provider’s stock worth $118,843,000 after acquiring an additional 35,340 shares during the last quarter. 98.15% of the stock is currently owned by institutional investors and hedge funds.

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About Strayer Education

Strayer Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.

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