Strayer Education (STRA) Downgraded by BidaskClub

BidaskClub downgraded shares of Strayer Education (NASDAQ:STRA) from a buy rating to a hold rating in a research report sent to investors on Wednesday, May 9th.

A number of other analysts have also recently commented on the company. BMO Capital Markets boosted their price objective on Strayer Education from $107.00 to $118.00 and gave the company an outperform rating in a research report on Thursday, May 3rd. TheStreet lowered Strayer Education from a b rating to a c+ rating in a research note on Tuesday, March 13th. Piper Jaffray raised Strayer Education from a neutral rating to an overweight rating in a research note on Monday, March 5th. First Analysis raised Strayer Education from an equal weight rating to an overweight rating and upped their price target for the company from $105.00 to $112.00 in a research note on Sunday, March 4th. Finally, ValuEngine upgraded Strayer Education from a hold rating to a buy rating in a report on Thursday, March 1st. One research analyst has 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 price target of $109.50.

Shares of STRA stock opened at $103.27 on Wednesday. The stock has a market cap of $1.14 billion, a P/E ratio of 28.28, a P/E/G ratio of 2.52 and a beta of 0.84. Strayer Education has a 1-year low of $100.50 and a 1-year high of $101.92.

Strayer Education (NASDAQ:STRA) last announced its quarterly earnings data on Wednesday, May 2nd. The health services provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.08. The firm had revenue of $116.50 million during the quarter, compared to analysts’ expectations of $116.16 million. Strayer Education had a return on equity of 18.90% and a net margin of 4.27%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. equities analysts expect that Strayer Education will post 4.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 18th. Stockholders of record on Monday, June 4th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, June 1st. Strayer Education’s dividend payout ratio (DPR) is 32.15%.

In other news, CEO Raymond Karl Mcdonnell sold 28,361 shares of the firm’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $106.59, for a total transaction of $3,022,998.99. Following the sale, the chief executive officer now owns 178,903 shares in the company, valued at $19,069,270.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas J. Aprahamian sold 2,964 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $91.11, for a total value of $270,050.04. Following the sale, the chief accounting officer now owns 13,980 shares in the company, valued at approximately $1,273,717.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,417 shares of company stock valued at $9,872,310. Company insiders own 6.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of STRA. TimesSquare Capital Management LLC boosted its holdings in Strayer Education by 110.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 550,270 shares of the health services provider’s stock valued at $49,293,000 after acquiring an additional 289,065 shares during the last quarter. Burgundy Asset Management Ltd. lifted its stake in shares of Strayer Education by 40.9% during the fourth quarter. Burgundy Asset Management Ltd. now owns 483,142 shares of the health services provider’s stock worth $43,280,000 after purchasing an additional 140,146 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of Strayer Education during the fourth quarter worth about $5,049,000. Tygh Capital Management Inc. acquired a new position in shares of Strayer Education during the first quarter worth about $4,245,000. Finally, Rice Hall James & Associates LLC lifted its stake in shares of Strayer Education by 29.5% during the fourth quarter. Rice Hall James & Associates LLC now owns 167,728 shares of the health services provider’s stock worth $15,025,000 after purchasing an additional 38,216 shares in the last quarter. Hedge funds and other institutional investors own 98.69% 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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