Strategic Education, Inc. (NASDAQ:STRA) CFO Sells $589,425.75 in Stock

Strategic Education, Inc. (NASDAQ:STRA) CFO Daniel Wayne Jackson sold 6,025 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total transaction of $589,425.75. Following the sale, the chief financial officer now directly owns 81,756 shares of the company’s stock, valued at approximately $7,998,189.48. This trade represents a 6.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Strategic Education Price Performance

Shares of STRA stock opened at $79.80 on Friday. Strategic Education, Inc. has a 12 month low of $79.37 and a 12 month high of $123.62. The firm has a market capitalization of $1.96 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.22 and a beta of 0.59. The company’s fifty day moving average price is $96.58 and its two-hundred day moving average price is $94.83.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Thursday, February 27th. The health services provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.10). Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The firm had revenue of $311.46 million during the quarter, compared to analyst estimates of $315.18 million. On average, sell-side analysts anticipate that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.01%. Strategic Education’s dividend payout ratio is currently 45.71%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on STRA. StockNews.com raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research report on Wednesday. Barrington Research decreased their price target on shares of Strategic Education from $135.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $122.25.

Hedge Funds Weigh In On Strategic Education

A number of institutional investors have recently added to or reduced their stakes in STRA. Wilmington Savings Fund Society FSB acquired a new stake in shares of Strategic Education in the 3rd quarter valued at about $37,000. R Squared Ltd acquired a new stake in shares of Strategic Education in the 4th quarter valued at about $42,000. Smartleaf Asset Management LLC raised its stake in shares of Strategic Education by 394.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 480 shares of the health services provider’s stock valued at $44,000 after purchasing an additional 383 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Strategic Education in the 3rd quarter valued at about $55,000. Finally, Sterling Capital Management LLC raised its stake in shares of Strategic Education by 809.1% in the 4th quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider’s stock valued at $65,000 after purchasing an additional 623 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Company 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.