6,595 Shares in Strategic Education Inc. (NASDAQ:STRA) Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. acquired a new stake in Strategic Education Inc. (NASDAQ:STRA) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,595 shares of the health services provider’s stock, valued at approximately $554,000.

Several other large investors also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC raised its stake in shares of Strategic Education by 809.1% during the fourth quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider’s stock valued at $65,000 after acquiring an additional 623 shares in the last quarter. Covestor Ltd grew its stake in Strategic Education by 44.0% in the fourth quarter. Covestor Ltd now owns 1,431 shares of the health services provider’s stock worth $134,000 after purchasing an additional 437 shares in the last quarter. Significant Wealth Partners LLC increased its holdings in Strategic Education by 17.3% during the 1st quarter. Significant Wealth Partners LLC now owns 2,689 shares of the health services provider’s stock worth $226,000 after purchasing an additional 396 shares during the period. HighTower Advisors LLC raised its position in Strategic Education by 13.4% during the 4th quarter. HighTower Advisors LLC now owns 2,777 shares of the health services provider’s stock valued at $259,000 after purchasing an additional 329 shares in the last quarter. Finally, NBC Securities Inc. raised its position in Strategic Education by 105,000.0% during the 1st quarter. NBC Securities Inc. now owns 3,153 shares of the health services provider’s stock valued at $264,000 after purchasing an additional 3,150 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Truist Financial set a $105.00 price target on Strategic Education in a research report on Thursday, April 24th. BMO Capital Markets increased their target price on shares of Strategic Education from $97.00 to $98.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Barrington Research reissued an “outperform” rating and set a $105.00 target price on shares of Strategic Education in a research report on Tuesday, July 22nd. Finally, Wall Street Zen raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research report on Friday, April 25th.

Strategic Education Trading Up 0.7%

Shares of NASDAQ STRA opened at $79.45 on Wednesday. Strategic Education Inc. has a 12-month low of $74.28 and a 12-month high of $121.49. The stock’s fifty day simple moving average is $84.24 and its two-hundred day simple moving average is $86.91. The stock has a market capitalization of $1.92 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 0.92 and a beta of 0.52.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 23rd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Friday, May 23rd. Strategic Education’s payout ratio is currently 51.28%.

Strategic Education 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.