State of New Jersey Common Pension Fund D lessened its stake in shares of Strategic Education, Inc. (NASDAQ:STRA – Free Report) by 40.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,609 shares of the health services provider’s stock after selling 11,144 shares during the period. State of New Jersey Common Pension Fund D owned 0.07% of Strategic Education worth $1,838,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Strategic Education in the second quarter valued at approximately $36,000. CWM LLC lifted its holdings in Strategic Education by 2,650.0% in the 2nd quarter. CWM LLC now owns 330 shares of the health services provider’s stock valued at $37,000 after purchasing an additional 318 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Strategic Education during the second quarter worth $38,000. Innealta Capital LLC acquired a new stake in shares of Strategic Education in the second quarter valued at about $38,000. Finally, Daiwa Securities Group Inc. boosted its position in Strategic Education by 46.3% during the second quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider’s stock worth $44,000 after acquiring an additional 125 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Strategic Education

In related news, Director Viet D. Dinh acquired 5,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $95.59 per share, for a total transaction of $477,950.00. Following the acquisition, the director now owns 20,020 shares in the company, valued at approximately $1,913,711.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.10% of the company’s stock.

Strategic Education Stock Performance

Strategic Education stock opened at $92.48 on Tuesday. The firm has a 50 day simple moving average of $100.26 and a 200-day simple moving average of $106.08. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 1.36 and a beta of 0.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.57 and a quick ratio of 1.57. Strategic Education, Inc. has a 1-year low of $74.43 and a 1-year high of $123.62.

Strategic Education (NASDAQ:STRA – Get Free Report) last posted its earnings results on Wednesday, July 31st. The health services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.14. Strategic Education had a return on equity of 7.47% and a net margin of 9.84%. The company had revenue of $312.30 million during the quarter, compared to analysts’ expectations of $308.16 million. During the same quarter last year, the firm earned $0.82 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts expect that Strategic Education, Inc. will post 4.65 EPS for the current year.

Strategic Education Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Friday, September 6th. Strategic Education’s dividend payout ratio (DPR) is presently 56.87%.

Analysts Set New Price Targets

A number of research analysts have weighed in on STRA shares. StockNews.com raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. BMO Capital Markets reduced their price objective on Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Strategic Education currently has a consensus rating of “Buy” and a consensus target price of $132.25.

Read Our Latest Stock Analysis on STRA

Strategic Education Profile

(Free Report)

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.

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