State of New Jersey Common Pension Fund D Boosts Stake in Strategic Education, Inc. (NASDAQ:STRA)

State of New Jersey Common Pension Fund D grew its position in shares of Strategic Education, Inc. (NASDAQ:STRA) by 22.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,353 shares of the health services provider’s stock after buying an additional 3,744 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.08% of Strategic Education worth $1,884,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in Strategic Education by 11.5% in the third quarter. Principal Financial Group Inc. now owns 120,628 shares of the health services provider’s stock worth $11,164,000 after purchasing an additional 12,437 shares during the last quarter. Amalgamated Bank raised its stake in shares of Strategic Education by 5.3% during the 3rd quarter. Amalgamated Bank now owns 7,086 shares of the health services provider’s stock worth $656,000 after purchasing an additional 354 shares during the period. US Bancorp DE boosted its holdings in shares of Strategic Education by 12.8% in the 3rd quarter. US Bancorp DE now owns 1,938 shares of the health services provider’s stock worth $179,000 after buying an additional 220 shares during the last quarter. New York State Teachers Retirement System increased its holdings in Strategic Education by 2.5% during the third quarter. New York State Teachers Retirement System now owns 37,830 shares of the health services provider’s stock worth $3,501,000 after buying an additional 932 shares during the last quarter. Finally, Semanteon Capital Management LP increased its holdings in Strategic Education by 581.0% during the third quarter. Semanteon Capital Management LP now owns 12,435 shares of the health services provider’s stock worth $1,151,000 after buying an additional 10,609 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Strategic Education Price Performance

Strategic Education stock opened at $95.78 on Tuesday. The firm has a market capitalization of $2.35 billion, a P/E ratio of 18.24, a PEG ratio of 1.34 and a beta of 0.57. Strategic Education, Inc. has a one year low of $85.11 and a one year high of $123.62. The business has a fifty day moving average price of $91.02 and a 200-day moving average price of $102.27.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, topping the consensus estimate of $0.81 by $0.35. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The business had revenue of $305.96 million during the quarter, compared to the consensus estimate of $301.62 million. During the same quarter last year, the company earned $0.97 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Sell-side analysts expect that Strategic Education, Inc. will post 4.76 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Monday, December 2nd. Strategic Education’s dividend payout ratio (DPR) is presently 45.71%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on STRA. StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Barrington Research reissued an “outperform” rating and set a $135.00 price objective on shares of Strategic Education in a report on Thursday, November 7th. BMO Capital Markets lowered their target price on Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Finally, Truist Financial cut their price target on Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Strategic Education has a consensus rating of “Moderate Buy” and an average target price of $126.00.

About Strategic Education

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.