Strategic Education, Inc. (NASDAQ:STRA) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its holdings in Strategic Education, Inc. (NASDAQ:STRA) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,753 shares of the health services provider’s stock after selling 2,608 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Strategic Education were worth $2,564,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in STRA. VisionPoint Advisory Group LLC lifted its holdings in shares of Strategic Education by 27.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider’s stock valued at $82,000 after buying an additional 236 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Strategic Education in the third quarter valued at approximately $234,000. Everence Capital Management Inc. acquired a new stake in shares of Strategic Education during the 4th quarter worth approximately $236,000. Panagora Asset Management Inc. purchased a new position in shares of Strategic Education during the 3rd quarter valued at approximately $278,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Strategic Education by 30.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,787 shares of the health services provider’s stock valued at $285,000 after purchasing an additional 894 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert R. Grusky sold 462 shares of Strategic Education stock in a transaction on Monday, April 29th. The stock was sold at an average price of $120.99, for a total transaction of $55,897.38. Following the transaction, the director now owns 11,945 shares in the company, valued at approximately $1,445,225.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Daniel Wayne Jackson sold 3,713 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert R. Grusky sold 462 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $120.99, for a total value of $55,897.38. Following the completion of the transaction, the director now owns 11,945 shares in the company, valued at $1,445,225.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,995 shares of company stock valued at $1,642,752. Insiders own 3.10% of the company’s stock.

Strategic Education Price Performance

Strategic Education stock opened at $114.75 on Thursday. The company has a fifty day simple moving average of $102.75 and a 200-day simple moving average of $94.86. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.31 and a beta of 0.45. Strategic Education, Inc. has a 52-week low of $64.53 and a 52-week high of $121.29.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Thursday, April 25th. The health services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.51. Strategic Education had a net margin of 8.70% and a return on equity of 6.78%. The company had revenue of $290.25 million during the quarter, compared to the consensus estimate of $274.02 million. On average, equities analysts anticipate that Strategic Education, Inc. will post 4.83 EPS for the current fiscal year.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.09%. Strategic Education’s payout ratio is 56.87%.

Analysts Set New Price Targets

A number of research analysts have weighed in on STRA shares. TheStreet raised shares of Strategic Education from a “c+” rating to a “b” rating in a report on Thursday, February 29th. BMO Capital Markets upped their price objective on shares of Strategic Education from $123.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday. Truist Financial lifted their target price on shares of Strategic Education from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Bank of America upped their price target on shares of Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, StockNews.com upgraded Strategic Education from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $133.50.

Strategic Education Profile

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.