Schwab Charles Investment Management Inc. decreased its holdings in shares of Strayer Education Inc (NASDAQ:STRA) by 3.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,790 shares of the health services provider’s stock after selling 3,710 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.91% of Strayer Education worth $8,535,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System lifted its holdings in shares of Strayer Education by 1.8% during the second quarter. Arizona State Retirement System now owns 5,519 shares of the health services provider’s stock worth $514,000 after buying an additional 100 shares in the last quarter. Victory Capital Management Inc. raised its stake in Strayer Education by 15.1% in the second quarter. Victory Capital Management Inc. now owns 1,680 shares of the health services provider’s stock valued at $157,000 after purchasing an additional 221 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Strayer Education by 0.9% in the second quarter. TIAA CREF Investment Management LLC now owns 28,454 shares of the health services provider’s stock valued at $2,652,000 after purchasing an additional 255 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Strayer Education by 0.7% in the second quarter. Ameriprise Financial Inc. now owns 54,986 shares of the health services provider’s stock valued at $5,126,000 after purchasing an additional 385 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in Strayer Education by 8.0% in the second quarter. Thrivent Financial For Lutherans now owns 6,310 shares of the health services provider’s stock valued at $588,000 after purchasing an additional 470 shares in the last quarter. 93.73% of the stock is owned by institutional investors.
Strayer Education Inc (NASDAQ STRA) opened at $89.58 on Tuesday. The company has a market capitalization of $1,000.38, a PE ratio of 25.59 and a beta of 0.90. Strayer Education Inc has a 52 week low of $71.31 and a 52 week high of $100.72.
Strayer Education (NASDAQ:STRA) last posted its quarterly earnings results on Monday, October 30th. The health services provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). Strayer Education had a net margin of 8.52% and a return on equity of 17.27%. The company had revenue of $108.50 million during the quarter, compared to analyst estimates of $107.54 million. During the same period last year, the firm earned $0.25 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities research analysts predict that Strayer Education Inc will post 3.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Monday, December 4th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Friday, December 1st. Strayer Education’s dividend payout ratio is presently 28.57%.
STRA has been the subject of a number of analyst reports. Zacks Investment Research downgraded Strayer Education from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 30th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $96.00 price target on shares of Strayer Education in a research note on Monday, December 4th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $118.00 price target (up previously from $99.00) on shares of Strayer Education in a research note on Tuesday, October 31st. BidaskClub downgraded Strayer Education from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, ValuEngine downgraded Strayer Education from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $104.75.
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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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