Vanguard Group Inc. lowered its position in shares of Strayer Education, Inc. (NASDAQ:STRA) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,107,792 shares of the health services provider’s stock after selling 13,827 shares during the period. Vanguard Group Inc. owned 10.44% of Strayer Education worth $89,167,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in STRA. Smith Asset Management Group LP raised its stake in shares of Strayer Education by 22.0% in the first quarter. Smith Asset Management Group LP now owns 42,440 shares of the health services provider’s stock worth $3,416,000 after buying an additional 7,640 shares during the last quarter. Comerica Bank raised its stake in shares of Strayer Education by 3.8% in the first quarter. Comerica Bank now owns 11,515 shares of the health services provider’s stock worth $1,011,000 after buying an additional 418 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Strayer Education by 14.5% in the first quarter. Bank of New York Mellon Corp now owns 147,119 shares of the health services provider’s stock worth $11,842,000 after buying an additional 18,611 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in shares of Strayer Education during the first quarter worth $264,000. Finally, Great West Life Assurance Co. Can raised its stake in shares of Strayer Education by 3.5% in the first quarter. Great West Life Assurance Co. Can now owns 14,487 shares of the health services provider’s stock worth $1,165,000 after buying an additional 489 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.
Strayer Education, Inc. (NASDAQ:STRA) traded down 0.78% during midday trading on Friday, hitting $77.25. 81,570 shares of the stock traded hands. The company’s 50-day moving average is $85.74 and its 200 day moving average is $84.68. Strayer Education, Inc. has a 12-month low of $44.63 and a 12-month high of $95.74. The firm has a market cap of $826.65 million, a P/E ratio of 24.00 and a beta of 0.90.
Strayer Education (NASDAQ:STRA) last issued its quarterly earnings results on Wednesday, July 26th. The health services provider reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The business had revenue of $112.70 million for the quarter, compared to analysts’ expectations of $113.68 million. Strayer Education had a net margin of 7.90% and a return on equity of 17.65%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 earnings per share. On average, analysts anticipate that Strayer Education, Inc. will post $3.33 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, September 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. Strayer Education’s dividend payout ratio is presently 31.15%.
A number of equities research analysts recently weighed in on the stock. BMO Capital Markets reiterated a “buy” rating and set a $100.00 price objective on shares of Strayer Education in a report on Thursday, July 20th. Piper Jaffray Companies reiterated a “hold” rating on shares of Strayer Education in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Strayer Education from a “sell” rating to a “hold” rating in a report on Monday, July 17th. First Analysis boosted their price target on shares of Strayer Education from $76.00 to $95.00 and gave the company an “equal weight” rating in a report on Monday, May 15th. Finally, BidaskClub lowered shares of Strayer Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $83.75.
About Strayer Education
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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