Bank of New York Mellon Corp lessened its stake in Capella Education (NASDAQ:CPLA) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 175,044 shares of the company’s stock after selling 4,263 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.51% of Capella Education worth $12,279,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of CPLA. Riverhead Capital Management LLC grew its stake in Capella Education by 105.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,232 shares of the company’s stock valued at $105,000 after buying an additional 632 shares in the last quarter. Flinton Capital Management LLC grew its stake in Capella Education by 76.9% in the 2nd quarter. Flinton Capital Management LLC now owns 1,564 shares of the company’s stock valued at $134,000 after buying an additional 680 shares in the last quarter. Royal Bank of Canada grew its stake in Capella Education by 371.6% in the 2nd quarter. Royal Bank of Canada now owns 1,924 shares of the company’s stock valued at $164,000 after buying an additional 1,516 shares in the last quarter. Parallax Volatility Advisers L.P. purchased a new position in Capella Education in the 2nd quarter valued at approximately $178,000. Finally, Old Mutual Global Investors UK Ltd. purchased a new position in Capella Education in the 2nd quarter valued at approximately $198,000. 92.46% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on CPLA shares. Zacks Investment Research upgraded shares of Capella Education from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research note on Wednesday, November 1st. Barrington Research lowered shares of Capella Education from an “outperform” rating to a “market perform” rating in a research report on Monday, October 30th. BMO Capital Markets restated a “buy” rating and set a $86.00 price target on shares of Capella Education in a research report on Monday, September 18th. Finally, Piper Jaffray Companies restated a “hold” rating on shares of Capella Education in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $96.33.
Capella Education (NASDAQ:CPLA) last released its quarterly earnings results on Monday, October 30th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $107.01 million during the quarter, compared to analyst estimates of $108.10 million. Capella Education had a net margin of 9.60% and a return on equity of 19.21%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 EPS. analysts forecast that Capella Education will post 3.58 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Friday, December 22nd will be given a dividend of $0.43 per share. This is a positive change from Capella Education’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, December 21st. Capella Education’s payout ratio is 48.59%.
About Capella Education
Capella Education Company is an education services company. The Company provides direct path between learning and employment through its online postsecondary education offerings and through programs to develop job-ready skills for demand markets. The company’s segments include post-secondary segment and job-ready skills segment.
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