Northern Trust Corp boosted its position in Strayer Education, Inc. (NASDAQ:STRA) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,068 shares of the health services provider’s stock after buying an additional 6,159 shares during the quarter. Northern Trust Corp owned approximately 1.36% of Strayer Education worth $13,524,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in STRA. BlackRock Inc. raised its position in Strayer Education by 64,392.9% in the 1st quarter. BlackRock Inc. now owns 1,298,888 shares of the health services provider’s stock valued at $104,548,000 after buying an additional 1,296,874 shares during the last quarter. FMR LLC raised its position in Strayer Education by 189.6% in the 1st quarter. FMR LLC now owns 510,907 shares of the health services provider’s stock valued at $41,123,000 after buying an additional 334,472 shares during the last quarter. TimesSquare Capital Management LLC acquired a new stake in Strayer Education in the 2nd quarter valued at approximately $21,483,000. Rice Hall James & Associates LLC raised its position in Strayer Education by 59.2% in the 2nd quarter. Rice Hall James & Associates LLC now owns 118,484 shares of the health services provider’s stock valued at $11,045,000 after buying an additional 44,073 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in Strayer Education in the 2nd quarter valued at approximately $2,143,000. 92.99% of the stock is currently owned by institutional investors and hedge funds.
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A number of equities research analysts recently issued reports on STRA shares. Zacks Investment Research raised Strayer Education from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. BMO Capital Markets reissued a “buy” rating and issued a $100.00 target price on shares of Strayer Education in a research report on Thursday, July 20th. Piper Jaffray Companies reissued a “hold” rating on shares of Strayer Education in a research report on Friday, July 21st. Finally, BidaskClub lowered Strayer Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $99.50.
Strayer Education (NASDAQ:STRA) last announced its quarterly earnings results on Monday, October 30th. The health services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). The firm had revenue of $108.50 million during the quarter, compared to the consensus estimate of $107.54 million. Strayer Education had a return on equity of 17.27% and a net margin of 8.52%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 EPS.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.00 annualized dividend and a yield of 1.07%. Strayer Education’s payout ratio is currently 28.57%.
Strayer Education Profile
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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