State Street Corp lifted its position in Strayer Education, Inc. (NASDAQ:STRA) by 4.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 256,274 shares of the health services provider’s stock after purchasing an additional 10,450 shares during the quarter. State Street Corp owned 2.39% of Strayer Education worth $23,892,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors boosted its holdings in shares of Strayer Education by 0.4% in the 2nd quarter. Capital World Investors now owns 724,200 shares of the health services provider’s stock worth $67,510,000 after purchasing an additional 3,095 shares in the last quarter. AHL Partners LLP bought a new stake in shares of Strayer Education in the 2nd quarter valued at about $698,000. Stifel Financial Corp bought a new stake in shares of Strayer Education in the 2nd quarter valued at about $202,000. Voya Investment Management LLC lifted its stake in shares of Strayer Education by 12.3% in the 2nd quarter. Voya Investment Management LLC now owns 5,070 shares of the health services provider’s stock valued at $473,000 after acquiring an additional 554 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Strayer Education by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 441,117 shares of the health services provider’s stock valued at $41,121,000 after acquiring an additional 2,295 shares during the last quarter. Hedge funds and other institutional investors own 97.06% of the company’s stock.
Shares of Strayer Education, Inc. (STRA) opened at $92.95 on Wednesday. Strayer Education, Inc. has a 52 week low of $66.68 and a 52 week high of $100.72. The firm has a market capitalization of $1,004.73, a PE ratio of 29.71, a PEG ratio of 2.77 and a beta of 0.90.
Strayer Education (NASDAQ:STRA) last released its quarterly earnings results on Monday, October 30th. The health services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The business had revenue of $108.50 million for the quarter, compared to the consensus estimate of $107.54 million. Strayer Education had a net margin of 8.52% and a return on equity of 17.27%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. equities analysts anticipate that Strayer Education, Inc. will post 3.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, December 1st. Strayer Education’s payout ratio is 28.57%.
A number of equities research analysts have recently weighed in on STRA shares. BMO Capital Markets reissued a “buy” rating and issued a $100.00 target price on shares of Strayer Education in a research note on Thursday, July 20th. Piper Jaffray Companies reissued a “hold” rating on shares of Strayer Education in a research note on Friday, July 21st. BidaskClub lowered Strayer Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research lowered Strayer Education from a “hold” rating to a “strong sell” rating in a research note on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $99.50.
Strayer Education 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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