Strategic Education (NASDAQ:STRA) PT Lowered to $125.00 at BMO Capital Markets

Strategic Education (NASDAQ:STRA) had its price objective decreased by BMO Capital Markets from $130.00 to $125.00 in a research report released on Thursday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the health services provider’s stock.

A number of other equities analysts also recently issued reports on the stock. Truist Financial raised their price objective on shares of Strategic Education from $125.00 to $145.00 and gave the stock a buy rating in a report on Friday, April 26th. StockNews.com raised shares of Strategic Education from a hold rating to a buy rating in a report on Friday, April 26th. Finally, Barrington Research raised their price objective on shares of Strategic Education from $125.00 to $135.00 and gave the stock an outperform rating in a report on Thursday, April 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $132.25.

Strategic Education Stock Performance

Shares of NASDAQ STRA opened at $94.84 on Thursday. The firm’s 50-day moving average price is $111.73 and its 200-day moving average price is $106.80. The company has a quick ratio of 1.49, a current ratio of 1.57 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.33 billion, a PE ratio of 22.47, a PEG ratio of 0.94 and a beta of 0.57. Strategic Education has a 52-week low of $72.44 and a 52-week high of $123.62.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Wednesday, July 31st. The health services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. The firm had revenue of $312.30 million for the quarter, compared to the consensus estimate of $308.16 million. Strategic Education had a net margin of 9.84% and a return on equity of 7.47%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 EPS. As a group, analysts anticipate that Strategic Education will post 4.96 EPS for the current year.

Strategic Education Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Friday, September 6th. Strategic Education’s dividend payout ratio is currently 56.87%.

Hedge Funds Weigh In On Strategic Education

Several large investors have recently added to or reduced their stakes in the company. Jackson Creek Investment Advisors LLC purchased a new position in Strategic Education during the second quarter valued at approximately $1,000,000. Guidance Capital Inc. lifted its holdings in Strategic Education by 6.7% during the second quarter. Guidance Capital Inc. now owns 4,921 shares of the health services provider’s stock valued at $519,000 after purchasing an additional 309 shares in the last quarter. Ingalls & Snyder LLC raised its position in shares of Strategic Education by 6.7% during the second quarter. Ingalls & Snyder LLC now owns 21,284 shares of the health services provider’s stock valued at $2,355,000 after buying an additional 1,335 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Strategic Education during the second quarter valued at approximately $38,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Strategic Education during the second quarter valued at approximately $211,000. 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.