Strategic Education’s (STRA) Outperform Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Strategic Education (NASDAQ:STRA) in a research report report published on Tuesday,Benzinga reports. They currently have a $135.00 price target on the health services provider’s stock.

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

Strategic Education Stock Up 0.3 %

NASDAQ STRA opened at $97.50 on Tuesday. The company has a 50-day simple moving average of $96.22 and a two-hundred day simple moving average of $96.61. Strategic Education has a 12-month low of $85.11 and a 12-month high of $123.62. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 1.15 and a beta of 0.58.

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

Strategic Education Announces Dividend

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

Hedge Funds Weigh In On Strategic Education

A number of hedge funds have recently bought and sold shares of STRA. Wilmington Savings Fund Society FSB purchased a new position in Strategic Education in the third quarter worth about $37,000. R Squared Ltd bought a new stake in shares of Strategic Education during the fourth quarter valued at approximately $42,000. Allspring Global Investments Holdings LLC purchased a new position in Strategic Education in the 3rd quarter worth approximately $55,000. Pacer Advisors Inc. bought a new position in Strategic Education in the 4th quarter valued at approximately $96,000. Finally, KBC Group NV boosted its stake in Strategic Education by 53.3% during the 4th quarter. KBC Group NV now owns 1,044 shares of the health services provider’s stock valued at $98,000 after purchasing an additional 363 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Strategic Education Company 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.