Strategic Education, Inc. (NASDAQ:STRA) Stake Lessened by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in Strategic Education, Inc. (NASDAQ:STRA) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,616 shares of the health services provider’s stock after selling 800 shares during the period. Nisa Investment Advisors LLC’s holdings in Strategic Education were worth $426,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC boosted its holdings in shares of Strategic Education by 6,377.0% in the fourth quarter. International Assets Investment Management LLC now owns 178,182 shares of the health services provider’s stock valued at $16,459,000 after acquiring an additional 175,431 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Strategic Education by 4.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 16,246 shares of the health services provider’s stock valued at $1,517,000 after acquiring an additional 667 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Strategic Education by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 17,924 shares of the health services provider’s stock valued at $1,656,000 after acquiring an additional 142 shares in the last quarter. VisionPoint Advisory Group LLC boosted its holdings in shares of Strategic Education by 27.8% in the third quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider’s stock valued at $82,000 after acquiring an additional 236 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Strategic Education in the third quarter valued at approximately $215,000. 93.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total value of $1,230,591.80. Following the completion of the sale, the chief executive officer now owns 161,359 shares in the company, valued at approximately $15,488,850.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Strategic Education news, CFO Daniel Wayne Jackson sold 3,713 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total value of $356,262.35. Following the completion of the sale, the chief financial officer now owns 71,770 shares in the company, valued at approximately $6,886,331.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the completion of the sale, the chief executive officer now owns 161,359 shares of the company’s stock, valued at approximately $15,488,850.41. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Strategic Education Stock Up 1.4 %

Shares of NASDAQ:STRA opened at $98.07 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $2.41 billion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 1.15 and a beta of 0.50. Strategic Education, Inc. has a 52 week low of $64.53 and a 52 week high of $111.95. The firm has a 50 day simple moving average of $100.79 and a 200 day simple moving average of $92.97.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Thursday, February 29th. The health services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.34 by $0.34. The business had revenue of $302.70 million during the quarter, compared to the consensus estimate of $297.48 million. Strategic Education had a net margin of 6.16% and a return on equity of 5.52%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 EPS. As a group, research analysts expect that Strategic Education, Inc. will post 4.6 earnings per share for the current year.

Strategic Education Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 11th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.40 annualized dividend and a dividend yield of 2.45%. Strategic Education’s dividend payout ratio (DPR) is presently 82.76%.

Wall Street Analyst Weigh In

Several analysts recently commented on STRA shares. Truist Financial raised shares of Strategic Education from a “hold” rating to a “buy” rating and increased their target price for the company from $110.00 to $125.00 in a research note on Wednesday. Barrington Research reissued an “outperform” rating and set a $125.00 target price on shares of Strategic Education in a research note on Tuesday, April 9th. BMO Capital Markets increased their target price on shares of Strategic Education from $103.00 to $123.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Bank of America increased their target price on shares of Strategic Education from $104.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $124.25.

About Strategic Education

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.