Schwab Charles Investment Management Inc. lowered its position in shares of Strayer Education Inc (NASDAQ:STRA) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 95,928 shares of the health services provider’s stock after selling 1,862 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.86% of Strayer Education worth $8,594,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Voya Investment Management LLC increased its stake in Strayer Education by 12.3% in the 2nd quarter. Voya Investment Management LLC now owns 5,070 shares of the health services provider’s stock valued at $473,000 after buying an additional 554 shares during the period. Stifel Financial Corp bought a new stake in Strayer Education in the 2nd quarter valued at $202,000. State Street Corp boosted its holdings in Strayer Education by 4.3% in the 2nd quarter. State Street Corp now owns 256,274 shares of the health services provider’s stock valued at $23,892,000 after purchasing an additional 10,450 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Strayer Education in the 3rd quarter valued at $203,000. Finally, Prudential Financial Inc. boosted its holdings in Strayer Education by 6.2% in the 3rd quarter. Prudential Financial Inc. now owns 19,135 shares of the health services provider’s stock valued at $1,670,000 after purchasing an additional 1,120 shares during the period. Institutional investors own 98.15% of the company’s stock.
A number of brokerages have commented on STRA. Zacks Investment Research lowered shares of Strayer Education from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 30th. Piper Jaffray Companies restated a “hold” rating and set a $96.00 target price on shares of Strayer Education in a report on Monday, December 4th. ValuEngine downgraded shares of Strayer Education from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub downgraded shares of Strayer Education from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, BMO Capital Markets lowered their target price on shares of Strayer Education from $112.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, March 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Strayer Education currently has a consensus rating of “Buy” and an average price target of $100.75.
Shares of Strayer Education Inc (STRA) traded up $0.01 during midday trading on Wednesday, reaching $101.44. The company’s stock had a trading volume of 70,614 shares, compared to its average volume of 96,641. Strayer Education Inc has a 12-month low of $75.84 and a 12-month high of $103.25. The firm has a market capitalization of $1,133.20, a P/E ratio of 55.96 and a beta of 0.92.
Strayer Education (NASDAQ:STRA) last released its quarterly earnings results on Thursday, March 1st. The health services provider reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.20). The company had revenue of $118.70 million during the quarter, compared to analysts’ expectations of $121.50 million. Strayer Education had a net margin of 4.53% and a return on equity of 17.75%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.07 earnings per share. analysts predict that Strayer Education Inc will post 4.03 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Monday, March 12th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.99%. Strayer Education’s dividend payout ratio is 54.95%.
In other news, CAO Thomas J. Aprahamian sold 2,964 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $91.11, for a total transaction of $270,050.04. Following the transaction, the chief accounting officer now directly owns 13,980 shares of the company’s stock, valued at $1,273,717.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel Wayne Jackson sold 19,097 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $93.39, for a total value of $1,783,468.83. Following the transaction, the chief financial officer now directly owns 58,015 shares in the company, valued at $5,418,020.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,804 shares of company stock worth $2,851,230. 6.70% of the stock is currently owned by insiders.
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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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