Strayer Education, Inc. (NASDAQ:STRA) had its target price hoisted by investment analysts at First Analysis from $76.00 to $95.00 in a research note issued to investors on Monday, May 15th, Marketbeat reports. The brokerage presently has an “equal weight” rating on the health services provider’s stock. First Analysis’ price objective points to a potential upside of 1.96% from the stock’s current price.
Several other equities analysts have also weighed in on the company. BMO Capital Markets raised their target price on Strayer Education from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, March 15th. TheStreet upgraded Strayer Education from a “c” rating to a “b” rating in a report on Thursday, February 16th. Finally, Zacks Investment Research lowered Strayer Education from a “hold” rating to a “strong sell” rating in a report on Monday, February 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.67.
Shares of Strayer Education (NASDAQ:STRA) traded up 0.09% during midday trading on Monday, hitting $93.17. The stock had a trading volume of 107,843 shares. Strayer Education has a 1-year low of $43.50 and a 1-year high of $95.74. The firm has a 50-day moving average price of $90.21 and a 200-day moving average price of $82.60. The firm has a market cap of $991.70 million, a price-to-earnings ratio of 30.88 and a beta of 1.04.
Strayer Education (NASDAQ:STRA) last posted its earnings results on Wednesday, May 3rd. The health services provider reported $0.95 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.95. Strayer Education had a return on equity of 17.27% and a net margin of 7.41%. The company had revenue of $114.90 million for the quarter, compared to analyst estimates of $116.44 million. During the same period last year, the company earned $1.06 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts anticipate that Strayer Education will post $3.47 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 19th. Stockholders of record on Monday, June 5th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, June 1st. Strayer Education’s dividend payout ratio is currently 33.22%.
In other news, CEO Raymond Karl Mcdonnell sold 43,659 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $90.93, for a total value of $3,969,912.87. Following the sale, the chief executive officer now directly owns 193,764 shares of the company’s stock, valued at $17,618,960.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.70% of the company’s stock.
Large investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Strayer Education by 64,392.9% in the first quarter. BlackRock Inc. now owns 1,298,888 shares of the health services provider’s stock valued at $104,548,000 after buying an additional 1,296,874 shares in the last quarter. FMR LLC increased its stake in shares of Strayer Education by 189.6% in the first quarter. FMR LLC now owns 510,907 shares of the health services provider’s stock valued at $41,123,000 after buying an additional 334,472 shares in the last quarter. Norges Bank acquired a new stake in shares of Strayer Education during the fourth quarter valued at about $14,289,000. Rice Hall James & Associates LLC increased its stake in shares of Strayer Education by 2,158.3% in the first quarter. Rice Hall James & Associates LLC now owns 74,411 shares of the health services provider’s stock valued at $5,989,000 after buying an additional 71,116 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Strayer Education during the fourth quarter valued at about $2,927,000. 92.43% of the stock is currently owned by institutional investors.
Strayer Education Company Profile
Strayer Education, Inc is an education services holding company. The Company provides post-secondary education and other academic programs, through its subsidiaries, Strayer University (the University) and New York Code and Design Academy (NYCDA). As of December 31, 2016, the University offered undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration and criminal justice at 74 physical campuses located in the Mid-Atlantic and Southern regions of the United States, and online.
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