BMO Capital Markets Increases Strategic Education (NASDAQ:STRA) Price Target to $81.00

Strategic Education (NASDAQ:STRAGet Rating) had its target price lifted by BMO Capital Markets from $75.00 to $81.00 in a research note published on Thursday morning, The Fly reports. BMO Capital Markets currently has a maintains rating on the health services provider’s stock.

STRA has been the topic of several other research reports. Barrington Research increased their price target on Strategic Education from $75.00 to $85.00 in a report on Wednesday, July 27th. StockNews.com began coverage on Strategic Education in a report on Thursday, March 31st. They set a hold rating on the stock.

Strategic Education Price Performance

Shares of STRA opened at $71.83 on Thursday. The firm has a market cap of $1.79 billion, a PE ratio of 32.95, a PEG ratio of 1.59 and a beta of 0.44. The firm’s 50 day moving average price is $66.74 and its 200 day moving average price is $63.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.64 and a current ratio of 1.64. Strategic Education has a twelve month low of $48.01 and a twelve month high of $81.66.

Strategic Education (NASDAQ:STRAGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The health services provider reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.12). Strategic Education had a net margin of 4.78% and a return on equity of 5.38%. The business had revenue of $273.56 million for the quarter, compared to the consensus estimate of $275.88 million. During the same period in the previous year, the business posted $1.55 EPS. Strategic Education’s revenue was down 8.6% compared to the same quarter last year. As a group, research analysts expect that Strategic Education will post 2.9 EPS for the current fiscal year.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Friday, September 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $2.40 annualized dividend and a dividend yield of 3.34%. Strategic Education’s payout ratio is 110.09%.

Institutional Investors Weigh In On Strategic Education

Hedge funds and other institutional investors have recently modified their holdings of the stock. National Bank of Canada FI acquired a new stake in shares of Strategic Education in the fourth quarter worth $29,000. Nisa Investment Advisors LLC lifted its position in Strategic Education by 65.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 506 shares of the health services provider’s stock worth $30,000 after purchasing an additional 200 shares during the period. Covestor Ltd bought a new position in Strategic Education in the fourth quarter worth $32,000. Advisor Group Holdings Inc. lifted its position in Strategic Education by 107.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 776 shares of the health services provider’s stock worth $45,000 after purchasing an additional 402 shares during the period. Finally, Gladius Capital Management LP bought a new position in Strategic Education in the fourth quarter worth $55,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

Strategic Education Company Profile

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Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. It operates through three segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services. The company operates Strayer University that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice 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 an executive MBA online through its Jack Welch Management Institute.

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