Bank of America Raises Strategic Education (NASDAQ:STRA) Price Target to $124.00

Strategic Education (NASDAQ:STRAFree Report) had its price target lifted by Bank of America from $104.00 to $124.00 in a research note published on Tuesday, Benzinga reports. The firm currently has a buy rating on the health services provider’s stock.

Other equities analysts have also recently issued research reports about the company. TheStreet upgraded Strategic Education from a c+ rating to a b rating in a research report on Thursday, February 29th. BMO Capital Markets upped their target price on Strategic Education from $103.00 to $123.00 and gave the company an outperform rating in a research note on Friday, March 1st. Truist Financial upped their target price on Strategic Education from $92.00 to $110.00 and gave the company a hold rating in a research note on Friday, March 1st. StockNews.com lowered Strategic Education from a buy rating to a hold rating in a research note on Friday, March 1st. Finally, Barrington Research upped their target price on Strategic Education from $100.00 to $125.00 and gave the company an outperform rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Strategic Education has an average rating of Moderate Buy and an average price target of $120.50.

Check Out Our Latest Analysis on Strategic Education

Strategic Education Stock Down 1.1 %

Shares of NASDAQ STRA opened at $103.77 on Tuesday. The stock has a market cap of $2.53 billion, a P/E ratio of 35.78, a PEG ratio of 1.29 and a beta of 0.51. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. Strategic Education has a 12-month low of $64.53 and a 12-month high of $111.95. The business’s fifty day simple moving average is $96.06 and its 200-day simple moving average is $87.91.

Strategic Education (NASDAQ:STRAGet Free Report) last posted its quarterly earnings results on Thursday, February 29th. The health services provider reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.34. Strategic Education had a return on equity of 5.52% and a net margin of 6.16%. The company had revenue of $302.70 million for the quarter, compared to analysts’ expectations of $297.48 million. During the same period last year, the firm earned $0.78 earnings per share. Strategic Education’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities analysts predict that Strategic Education will post 4.53 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Monday, March 11th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.40 annualized dividend and a dividend yield of 2.31%. Strategic Education’s payout ratio is currently 82.76%.

Insiders Place Their Bets

In other news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the transaction, the chief executive officer now owns 161,359 shares in the company, valued at approximately $15,488,850.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the transaction, the chief executive officer now owns 161,359 shares in the company, valued at approximately $15,488,850.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Daniel Wayne Jackson sold 3,713 shares of Strategic Education stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total transaction of $356,262.35. Following the sale, the chief financial officer now owns 71,770 shares in the company, valued at $6,886,331.50. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Strategic Education

Several large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in Strategic Education by 103.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 253,390 shares of the health services provider’s stock worth $23,406,000 after purchasing an additional 128,961 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Strategic Education by 7.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,809 shares of the health services provider’s stock valued at $5,249,000 after purchasing an additional 4,097 shares in the last quarter. Virtus Fund Advisers LLC bought a new stake in shares of Strategic Education in the 4th quarter valued at $65,000. Virtus Investment Advisers Inc. acquired a new position in shares of Strategic Education during the 4th quarter valued at $973,000. Finally, Barclays PLC raised its holdings in Strategic Education by 221.0% during the fourth quarter. Barclays PLC now owns 35,448 shares of the health services provider’s stock worth $3,274,000 after buying an additional 24,406 shares during the last quarter. Institutional investors own 97.53% of the company’s stock.

Strategic Education Company Profile

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Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. It operates through three segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services. The company 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.

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