Strayer Education (STRA) Earns Outperform Rating from Analysts at Barrington Research
Barrington Research started coverage on shares of Strayer Education (NASDAQ:STRA) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage issued an outperform rating and a $160.00 price objective on the health services provider’s stock. Barrington Research also issued estimates for Strayer Education’s Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $1.46 EPS, FY2018 earnings at $4.13 EPS and FY2019 earnings at $6.00 EPS.
Other research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Strayer Education from a buy rating to a hold rating in a research report on Wednesday, May 9th. Zacks Investment Research downgraded shares of Strayer Education from a buy rating to a hold rating in a research report on Tuesday, June 12th. ValuEngine downgraded shares of Strayer Education from a buy rating to a hold rating in a research report on Tuesday, August 7th. Finally, BMO Capital Markets lifted their price objective on shares of Strayer Education from $107.00 to $118.00 and gave the company an outperform rating in a research report on Thursday, May 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $142.40.
Strayer Education stock opened at $136.01 on Tuesday. The firm has a market capitalization of $1.56 billion, a P/E ratio of 43.73, a price-to-earnings-growth ratio of 2.91 and a beta of 0.90. Strayer Education has a 1-year low of $76.41 and a 1-year high of $138.84.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Friday, August 31st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, August 30th. This is an increase from Strayer Education’s previous quarterly dividend of $0.25. Strayer Education’s dividend payout ratio (DPR) is 32.15%.
In other news, insider J Kevin Gilligan sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $135.79, for a total transaction of $678,950.00. Following the completion of the sale, the insider now owns 128,744 shares in the company, valued at approximately $17,482,147.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Robert S. Silberman sold 33,000 shares of the firm’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $123.86, for a total transaction of $4,087,380.00. The disclosure for this sale can be found here. In the last three months, insiders sold 182,238 shares of company stock valued at $22,534,313. Insiders own 6.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of STRA. Schroder Investment Management Group raised its stake in Strayer Education by 3.5% in the 2nd quarter. Schroder Investment Management Group now owns 92,553 shares of the health services provider’s stock worth $10,446,000 after purchasing an additional 3,115 shares in the last quarter. Castleark Management LLC acquired a new stake in Strayer Education in the 2nd quarter worth about $10,526,000. Zebra Capital Management LLC raised its stake in Strayer Education by 100.2% in the 2nd quarter. Zebra Capital Management LLC now owns 5,609 shares of the health services provider’s stock worth $634,000 after purchasing an additional 2,807 shares in the last quarter. ValueAct Holdings L.P. acquired a new stake in Strayer Education in the 2nd quarter worth about $21,862,000. Finally, Vident Investment Advisory LLC acquired a new stake in Strayer Education in the 2nd quarter worth about $599,000. Institutional investors own 96.83% of the company’s stock.
About Strayer Education
Strayer Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.
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