California Public Employees Retirement System decreased its position in shares of Strayer Education, Inc. (NASDAQ:STRA) by 8.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 56,712 shares of the health services provider’s stock after selling 5,400 shares during the period. California Public Employees Retirement System owned about 0.53% of Strayer Education worth $4,565,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of STRA. Quantbot Technologies LP bought a new stake in shares of Strayer Education during the first quarter worth about $173,000. Mason Street Advisors LLC raised its stake in Strayer Education by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,438 shares of the health services provider’s stock valued at $196,000 after buying an additional 159 shares during the last quarter. Stevens Capital Management LP acquired a new stake in Strayer Education during the first quarter valued at $200,000. Karp Capital Management Corp acquired a new stake in Strayer Education during the first quarter valued at $239,000. Finally, Chicago Equity Partners LLC acquired a new stake in Strayer Education during the first quarter valued at $264,000. 92.27% of the stock is currently owned by institutional investors and hedge funds.
Strayer Education, Inc. (NASDAQ STRA) traded up 0.11% during trading on Tuesday, reaching $81.51. The company had a trading volume of 34,772 shares. Strayer Education, Inc. has a 52-week low of $44.58 and a 52-week high of $95.74. The company has a 50 day moving average price of $89.51 and a 200 day moving average price of $84.77. The company has a market capitalization of $872.24 million, a PE ratio of 25.32 and a beta of 0.90.
Strayer Education (NASDAQ:STRA) last released its earnings results on Wednesday, July 26th. The health services provider reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.05. Strayer Education had a return on equity of 17.65% and a net margin of 7.90%. The business had revenue of $112.70 million during the quarter, compared to the consensus estimate of $113.68 million. During the same period last year, the business posted $0.72 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts forecast that Strayer Education, Inc. will post $3.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Friday, September 1st. Strayer Education’s dividend payout ratio is currently 31.15%.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Strayer Education from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. BMO Capital Markets reissued a “buy” rating and issued a $100.00 price target on shares of Strayer Education in a report on Thursday, May 4th. First Analysis upped their price target on shares of Strayer Education from $76.00 to $95.00 and gave the company an “equal weight” rating in a report on Monday, May 15th. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Strayer Education in a research note on Friday, July 21st. Finally, BidaskClub lowered shares of Strayer Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $83.75.
About Strayer Education
Strayer Education, Inc is an education services holding company. The Company provides post-secondary education and other academic programs, through its subsidiaries, Strayer University (the University) and New York Code and Design Academy (NYCDA). As of December 31, 2016, the University offered undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration and criminal justice at 74 physical campuses located in the Mid-Atlantic and Southern regions of the United States, and online.
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