Insider Selling: Strategic Education, Inc. (NASDAQ:STRA) CFO Sells 6,025 Shares of Stock

Strategic Education, Inc. (NASDAQ:STRA) CFO Daniel Wayne Jackson sold 6,025 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $589,425.75. Following the sale, the chief financial officer now directly owns 81,756 shares of the company’s stock, valued at $7,998,189.48. This represents a 6.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Strategic Education Trading Up 0.9 %

Strategic Education stock opened at $80.53 on Friday. The business has a 50-day moving average of $96.33 and a 200-day moving average of $94.74. Strategic Education, Inc. has a 1 year low of $78.62 and a 1 year high of $123.62. The firm has a market capitalization of $1.98 billion, a P/E ratio of 15.34, a PEG ratio of 1.22 and a beta of 0.59.

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

Strategic Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.98%. Strategic Education’s dividend payout ratio is presently 51.39%.

Analyst Ratings Changes

Several research firms have recently issued reports on STRA. Barrington Research decreased their target price on Strategic Education from $135.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday. StockNews.com upgraded Strategic Education from a “hold” rating to a “buy” rating in a research report on Wednesday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $122.25.

Hedge Funds Weigh In On Strategic Education

Several institutional investors and hedge funds have recently modified their holdings of STRA. International Assets Investment Management LLC grew its position in shares of Strategic Education by 10,374.4% in the 3rd quarter. International Assets Investment Management LLC now owns 199,538 shares of the health services provider’s stock valued at $18,467,000 after purchasing an additional 197,633 shares during the period. JPMorgan Chase & Co. lifted its stake in Strategic Education by 76.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock valued at $36,941,000 after acquiring an additional 173,225 shares in the last quarter. Norges Bank bought a new stake in Strategic Education in the 4th quarter valued at approximately $15,715,000. Arrowstreet Capital Limited Partnership lifted its stake in Strategic Education by 207.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 175,141 shares of the health services provider’s stock valued at $16,362,000 after acquiring an additional 118,151 shares in the last quarter. Finally, Barclays PLC lifted its stake in Strategic Education by 202.3% in the 4th quarter. Barclays PLC now owns 114,765 shares of the health services provider’s stock valued at $10,720,000 after acquiring an additional 76,804 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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.