Shares of Strayer Education, Inc. (NASDAQ:STRA) have been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $94.00.
Several equities research analysts have weighed in on the stock. Piper Jaffray Companies reissued a “hold” rating on shares of Strayer Education in a research report on Friday, July 21st. Zacks Investment Research raised shares of Strayer Education from a “sell” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Tuesday, September 26th. BidaskClub cut shares of Strayer Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, BMO Capital Markets reissued a “buy” rating and set a $100.00 price target on shares of Strayer Education in a research report on Thursday, July 20th.
Shares of Strayer Education (NASDAQ STRA) traded up 0.97% during trading on Friday, hitting $91.73. 44,381 shares of the stock were exchanged. The firm has a market capitalization of $981.60 million, a price-to-earnings ratio of 28.50 and a beta of 0.95. Strayer Education has a 52 week low of $56.30 and a 52 week high of $95.74. The stock’s 50 day moving average price is $86.53 and its 200 day moving average price is $86.46.
Strayer Education (NASDAQ:STRA) last announced its quarterly earnings data on Wednesday, July 26th. The health services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.05. Strayer Education had a net margin of 7.90% and a return on equity of 17.65%. The company had revenue of $112.70 million during the quarter, compared to analysts’ expectations of $113.68 million. During the same quarter in the prior year, the company earned $0.72 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. On average, equities analysts predict that Strayer Education will post $3.33 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its position in Strayer Education by 15.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,680 shares of the health services provider’s stock valued at $157,000 after buying an additional 221 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Strayer Education by 79.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,068 shares of the health services provider’s stock worth $192,000 after purchasing an additional 918 shares during the period. Stifel Financial Corp purchased a new stake in shares of Strayer Education in the 2nd quarter worth about $202,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Strayer Education in the 2nd quarter worth about $211,000. Finally, M&T Bank Corp purchased a new stake in shares of Strayer Education in the 2nd quarter worth about $212,000. 93.05% of the stock is owned by institutional investors and hedge funds.
About Strayer Education
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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