Piper Jaffray Companies Reiterates Hold Rating for Strayer Education, Inc. (STRA)
Strayer Education, Inc. (NASDAQ:STRA)‘s stock had its “hold” rating restated by Piper Jaffray Companies in a research report issued on Wednesday. They currently have a $91.00 target price on the health services provider’s stock. Piper Jaffray Companies’ price objective would indicate a potential downside of 3.98% from the stock’s current price.
Several other equities analysts have also recently commented on STRA. Zacks Investment Research raised shares of Strayer Education from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. BMO Capital Markets reissued a “buy” rating and set a $100.00 target price on shares of Strayer Education in a research report on Thursday, July 20th. Finally, BidaskClub cut shares of Strayer Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $99.50.
Strayer Education (NASDAQ:STRA) last posted its earnings results on Monday, October 30th. The health services provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $108.50 million for the quarter, compared to the consensus estimate of $107.54 million. During the same period in the prior year, the business earned $0.25 EPS. Strayer Education’s quarterly revenue was up 6.2% compared to the same quarter last year.
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Several hedge funds have recently modified their holdings of STRA. Karp Capital Management Corp purchased a new stake in shares of Strayer Education during the 1st quarter worth approximately $239,000. Prudential Financial Inc. increased its stake in shares of Strayer Education by 7.5% during the 1st quarter. Prudential Financial Inc. now owns 21,283 shares of the health services provider’s stock worth $1,713,000 after purchasing an additional 1,490 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of Strayer Education by 25.2% during the 1st quarter. OppenheimerFunds Inc. now owns 4,263 shares of the health services provider’s stock worth $343,000 after purchasing an additional 859 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Strayer Education by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 79,414 shares of the health services provider’s stock worth $6,392,000 after purchasing an additional 345 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Strayer Education by 189.6% during the 1st quarter. FMR LLC now owns 510,907 shares of the health services provider’s stock worth $41,123,000 after purchasing an additional 334,472 shares during the last quarter. Institutional investors own 92.99% of the company’s stock.
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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