Piper Jaffray Companies Reiterates Hold Rating for Strayer Education, Inc. (NASDAQ:STRA)
Piper Jaffray Companies reissued their hold rating on shares of Strayer Education, Inc. (NASDAQ:STRA) in a research note issued to investors on Friday. The firm currently has a $87.00 target price on the health services provider’s stock.
Several other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Strayer Education from a hold rating to a sell rating in a research note on Tuesday, May 16th. BMO Capital Markets reiterated a buy rating and issued a $100.00 target price on shares of Strayer Education in a research note on Thursday, May 4th. First Analysis lifted their target price on Strayer Education from $76.00 to $95.00 and gave the company an equal weight rating in a research note on Monday, May 15th. Finally, BidaskClub downgraded Strayer Education from a strong-buy rating to a buy rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $83.75.
Shares of Strayer Education (STRA) opened at 78.62 on Friday. The stock has a market cap of $841.31 million, a price-to-earnings ratio of 24.42 and a beta of 0.92. The company has a 50-day moving average price of $90.93 and a 200-day moving average price of $84.85. Strayer Education has a 12 month low of $44.58 and a 12 month high of $95.74.
Strayer Education (NASDAQ:STRA) last announced its earnings results on Wednesday, July 26th. The health services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.05. Strayer Education had a return on equity of 17.65% and a net margin of 7.90%. The company had revenue of $112.70 million for the quarter, compared to the consensus estimate of $113.68 million. During the same period last year, the business posted $0.72 EPS. The company’s revenue was up 3.9% on a year-over-year basis. On average, analysts expect that Strayer Education will post $3.40 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Tuesday, September 5th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, September 1st. This represents a $1.00 annualized dividend and a yield of 1.27%. Strayer Education’s dividend payout ratio is presently 31.15%.
In other news, CEO Raymond Karl Mcdonnell sold 43,659 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $90.93, for a total value of $3,969,912.87. Following the completion of the transaction, the chief executive officer now directly owns 193,764 shares of the company’s stock, valued at $17,618,960.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.70% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Strayer Education during the first quarter worth $173,000. State of Alaska Department of Revenue boosted its position in Strayer Education by 79.8% in the second quarter. State of Alaska Department of Revenue now owns 2,068 shares of the health services provider’s stock worth $192,000 after buying an additional 918 shares during the period. Mason Street Advisors LLC boosted its position in Strayer Education by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,438 shares of the health services provider’s stock worth $196,000 after buying an additional 159 shares during the period. Stevens Capital Management LP bought a new position in Strayer Education during the first quarter worth $200,000. Finally, Karp Capital Management Corp bought a new position in Strayer Education during the first quarter worth $239,000. 92.17% of the stock is owned by institutional investors.
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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