Piper Jaffray Companies restated their hold rating on shares of Strayer Education (NASDAQ:STRA) in a research report sent to investors on Monday morning. The firm currently has a $96.00 target price on the health services provider’s stock.
Other equities research analysts have also recently issued reports about the company. ValuEngine cut Strayer Education from a buy rating to a hold rating in a research note on Friday. BMO Capital Markets reiterated an outperform rating and issued a $118.00 price target (up from $99.00) on shares of Strayer Education in a research note on Tuesday, October 31st. Finally, Zacks Investment Research upgraded Strayer Education from a hold rating to a strong-buy rating and set a $110.00 price target for the company in a research note on Wednesday, November 29th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Strayer Education has a consensus rating of Hold and a consensus target price of $104.75.
Strayer Education (NASDAQ STRA) traded down $2.84 during midday trading on Monday, reaching $95.04. The company’s stock had a trading volume of 196,700 shares, compared to its average volume of 77,261. Strayer Education has a 12-month low of $71.31 and a 12-month high of $100.72. The company has a market capitalization of $1,047.43, a PE ratio of 30.98 and a beta of 0.89.
Strayer Education (NASDAQ:STRA) last released its earnings results on Monday, October 30th. The health services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). Strayer Education had a return on equity of 17.27% and a net margin of 8.52%. The business had revenue of $108.50 million for the quarter, compared to the consensus estimate of $107.54 million. During the same quarter in the previous year, the company earned $0.25 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. research analysts predict that Strayer Education will post 3.35 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 4th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Friday, December 1st. Strayer Education’s payout ratio is 28.57%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Aperio Group LLC grew its position in shares of Strayer Education by 1.4% during the 2nd quarter. Aperio Group LLC now owns 3,012 shares of the health services provider’s stock valued at $281,000 after purchasing an additional 42 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Strayer Education by 2.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 4,300 shares of the health services provider’s stock worth $401,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Strayer Education by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 5,519 shares of the health services provider’s stock worth $514,000 after acquiring an additional 100 shares during the last quarter. Texas Permanent School Fund lifted its holdings in shares of Strayer Education by 1.4% during the 2nd quarter. Texas Permanent School Fund now owns 7,659 shares of the health services provider’s stock worth $714,000 after acquiring an additional 109 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Strayer Education by 15.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,680 shares of the health services provider’s stock worth $157,000 after acquiring an additional 221 shares during the last quarter. Institutional investors own 97.76% of the company’s stock.
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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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