Piper Jaffray Companies reiterated their hold rating on shares of Strayer Education, Inc. (NASDAQ:STRA) in a research report sent to investors on Friday morning.
STRA has been the topic of a number of other research reports. First Analysis boosted their price target on Strayer Education from $76.00 to $95.00 and gave the stock an equal weight rating in a research note on Monday, May 15th. BMO Capital Markets restated a buy rating and set a $100.00 price target on shares of Strayer Education in a research note on Thursday, May 4th. Finally, Zacks Investment Research upgraded Strayer Education from a sell rating to a hold rating in a research note on Monday, July 17th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Strayer Education presently has a consensus rating of Hold and an average target price of $82.67.
Strayer Education (NASDAQ:STRA) opened at 92.48 on Friday. Strayer Education has a 1-year low of $43.50 and a 1-year high of $95.74. The firm’s 50-day moving average is $92.16 and its 200 day moving average is $84.69. The company has a market cap of $984.36 million, a PE ratio of 30.65 and a beta of 0.92.
Strayer Education (NASDAQ:STRA) last issued its quarterly earnings results on Wednesday, May 3rd. The health services provider reported $0.95 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.95. Strayer Education had a return on equity of 17.27% and a net margin of 7.41%. The business had revenue of $114.90 million for the quarter, compared to analyst estimates of $116.44 million. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. Analysts predict that Strayer Education will post $3.47 earnings per share for the current fiscal year.
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In related news, CEO Raymond Karl Mcdonnell sold 43,659 shares of Strayer Education stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $90.93, for a total transaction of $3,969,912.87. Following the completion of the sale, the chief executive officer now owns 193,764 shares of the company’s stock, valued at $17,618,960.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.70% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in STRA. Quantbot Technologies LP purchased a new stake in Strayer Education during the first quarter worth approximately $173,000. State of Alaska Department of Revenue increased its stake in Strayer Education by 79.8% in the second quarter. State of Alaska Department of Revenue now owns 2,068 shares of the health services provider’s stock worth $192,000 after buying an additional 918 shares during the period. Mason Street Advisors LLC increased its stake in Strayer Education by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,438 shares of the health services provider’s stock worth $196,000 after buying an additional 159 shares during the period. Stevens Capital Management LP purchased a new stake in Strayer Education during the first quarter worth approximately $200,000. Finally, Karp Capital Management Corp purchased a new stake in Strayer Education during the first quarter worth approximately $239,000. 92.44% of the stock is owned by hedge funds and other 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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