Strategic Education, Inc. (NASDAQ:STRA) CFO Daniel Wayne Jackson Sells 6,025 Shares

Strategic Education, Inc. (NASDAQ:STRA) CFO Daniel Wayne Jackson sold 6,025 shares of Strategic Education stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $589,425.75. Following the transaction, the chief financial officer now 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 Securities & Exchange Commission, which is available at this link.

Strategic Education Stock Performance

STRA stock opened at $79.80 on Friday. The stock has a market capitalization of $1.96 billion, a P/E ratio of 15.20, a PEG ratio of 1.22 and a beta of 0.59. Strategic Education, Inc. has a one year low of $79.37 and a one year high of $123.62. The company has a 50 day moving average price of $96.58 and a two-hundred day moving average price of $94.83.

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

Strategic Education Announces Dividend

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

Institutional Trading of Strategic Education

Several institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its stake in shares of Strategic Education by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the health services provider’s stock valued at $281,000 after buying an additional 191 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Strategic Education by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 8,113 shares of the health services provider’s stock valued at $758,000 after buying an additional 205 shares during the period. HighTower Advisors LLC grew its stake in shares of Strategic Education by 9.8% during the 3rd quarter. HighTower Advisors LLC now owns 2,448 shares of the health services provider’s stock valued at $228,000 after buying an additional 218 shares during the period. US Bancorp DE grew its stake in shares of Strategic Education by 12.8% during the 3rd quarter. US Bancorp DE now owns 1,938 shares of the health services provider’s stock valued at $179,000 after buying an additional 220 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of Strategic Education by 7.5% during the 4th quarter. Bank of Montreal Can now owns 3,542 shares of the health services provider’s stock valued at $331,000 after buying an additional 246 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STRA has been the subject of several research reports. StockNews.com upgraded Strategic Education from a “hold” rating to a “buy” rating in a research report on Wednesday. Barrington Research cut their price objective on Strategic Education from $135.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $122.25.

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.