Strategic Education (NASDAQ:STRA) Price Target Raised to $145.00 at Truist Financial

Strategic Education (NASDAQ:STRA) had its price objective increased by Truist Financial from $125.00 to $145.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has a buy rating on the health services provider’s stock.

A number of other research analysts have also recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Strategic Education from $103.00 to $123.00 and gave the company an outperform rating in a report on Friday, March 1st. StockNews.com cut shares of Strategic Education from a buy rating to a hold rating in a report on Tuesday, April 9th. Barrington Research lifted their price objective on shares of Strategic Education from $125.00 to $135.00 and gave the stock an outperform rating in a research report on Thursday. TheStreet upgraded shares of Strategic Education from a c+ rating to a b rating in a research note on Thursday, February 29th. Finally, Bank of America upped their price objective on Strategic Education from $104.00 to $124.00 and gave the stock a buy rating in a research report on Tuesday, March 5th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Strategic Education has an average rating of Buy and an average target price of $131.75.

Strategic Education Stock Up 3.4 %

Shares of NASDAQ STRA opened at $121.06 on Friday. Strategic Education has a 52-week low of $64.53 and a 52-week high of $121.29. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 1.40 and a beta of 0.50. The stock has a 50 day moving average price of $101.89 and a 200 day moving average price of $94.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.49.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, April 25th. The health services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.51. The business had revenue of $290.25 million during the quarter, compared to analysts’ expectations of $274.02 million. Strategic Education had a return on equity of 6.78% and a net margin of 8.70%. Sell-side analysts expect that Strategic Education will post 4.61 earnings per share for the current year.

Strategic Education Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 24th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, May 23rd. Strategic Education’s payout ratio is currently 56.87%.

Insider Buying and Selling

In other news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total value of $1,230,591.80. Following the completion of the sale, the chief executive officer now directly owns 161,359 shares of the company’s stock, valued at $15,488,850.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total value of $1,230,591.80. Following the completion of the sale, 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 can be accessed through the SEC website. Also, CFO Daniel Wayne Jackson sold 3,713 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total transaction of $356,262.35. Following the transaction, the chief financial officer now directly owns 71,770 shares in the company, valued at $6,886,331.50. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Strategic Education

A number of institutional investors have recently modified their holdings of STRA. Raymond James Financial Services Advisors Inc. boosted its stake in Strategic Education by 4.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 11,912 shares of the health services provider’s stock valued at $1,240,000 after purchasing an additional 511 shares in the last quarter. Guidance Capital Inc. acquired a new position in Strategic Education during the first quarter worth about $449,000. Goldman Sachs Group Inc. raised its position in Strategic Education by 103.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 253,390 shares of the health services provider’s stock worth $23,406,000 after acquiring an additional 128,961 shares in the last quarter. Burgundy Asset Management Ltd. raised its position in Strategic Education by 2.1% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,137,961 shares of the health services provider’s stock worth $105,113,000 after acquiring an additional 23,794 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its holdings in Strategic Education by 118,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,181 shares of the health services provider’s stock valued at $109,000 after acquiring an additional 1,180 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.