State Street Corp Acquires 50,980 Shares of Strategic Education, Inc. (NASDAQ:STRA)

State Street Corp boosted its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA) by 6.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 890,133 shares of the health services provider’s stock after acquiring an additional 50,980 shares during the quarter. State Street Corp owned approximately 3.62% of Strategic Education worth $82,382,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in Strategic Education during the second quarter valued at approximately $36,000. CWM LLC raised its position in shares of Strategic Education by 2,650.0% in the second quarter. CWM LLC now owns 330 shares of the health services provider’s stock valued at $37,000 after purchasing an additional 318 shares during the period. Rothschild Investment LLC bought a new position in shares of Strategic Education in the second quarter valued at approximately $38,000. Innealta Capital LLC bought a new position in shares of Strategic Education in the second quarter valued at approximately $38,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Strategic Education by 46.3% in the second quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider’s stock valued at $44,000 after purchasing an additional 125 shares during the period. Institutional investors own 93.27% of the company’s stock.

Strategic Education Trading Up 2.6 %

Shares of Strategic Education stock opened at $101.62 on Tuesday. The company’s fifty day simple moving average is $93.79 and its 200-day simple moving average is $99.56. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.38 and a beta of 0.59. Strategic Education, Inc. has a 1 year low of $85.11 and a 1 year high of $123.62.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.35. The business had revenue of $305.96 million for the quarter, compared to the consensus estimate of $301.62 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. Strategic Education’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $0.97 earnings per share. As a group, research analysts forecast that Strategic Education, Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.36%. Strategic Education’s dividend payout ratio is currently 45.71%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on STRA shares. Barrington Research reissued an “outperform” rating and issued a $135.00 price target on shares of Strategic Education in a research report on Thursday, November 7th. Truist Financial dropped their price target on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Strategic Education currently has an average rating of “Moderate Buy” and a consensus 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.