Capella Education Company (NASDAQ:CPLA) had its price target cut by equities research analysts at BMO Capital Markets from $86.00 to $79.45 in a research note issued on Wednesday. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 7.44% from the company’s previous close.

Several other research firms also recently issued reports on CPLA. Zacks Investment Research downgraded Capella Education from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Barrington Research cut their target price on Capella Education from $98.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Capella Education currently has a consensus rating of “Buy” and an average target price of $87.69.

Shares of Capella Education (NASDAQ CPLA) traded down 8.48% on Wednesday, reaching $73.95. The company had a trading volume of 242,911 shares. The firm has a market capitalization of $856.93 million, a price-to-earnings ratio of 19.47 and a beta of 0.53. Capella Education has a 52-week low of $56.11 and a 52-week high of $99.25. The company’s 50-day moving average price is $86.66 and its 200-day moving average price is $85.56.

Capella Education (NASDAQ:CPLA) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.10. The business had revenue of $109.60 million during the quarter, compared to the consensus estimate of $109.89 million. Capella Education had a return on equity of 21.04% and a net margin of 10.31%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. On average, analysts predict that Capella Education will post $3.14 earnings per share for the current year.

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In other news, CEO J Kevin Gilligan sold 2,000 shares of the company’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $87.36, for a total transaction of $174,720.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven L. Polacek sold 7,061 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $93.94, for a total value of $663,310.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,262 shares of company stock valued at $2,435,996. Corporate insiders own 3.56% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in Capella Education by 8.8% in the fourth quarter. State Street Corp now owns 293,779 shares of the company’s stock worth $25,794,000 after buying an additional 23,814 shares during the last quarter. FMR LLC increased its stake in Capella Education by 21.4% in the fourth quarter. FMR LLC now owns 36,900 shares of the company’s stock worth $3,240,000 after buying an additional 6,500 shares during the last quarter. Guggenheim Capital LLC bought a new stake in Capella Education during the fourth quarter worth $1,219,000. Thrivent Financial for Lutherans increased its stake in Capella Education by 5.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,240 shares of the company’s stock worth $548,000 after buying an additional 320 shares during the last quarter. Finally, Norges Bank bought a new stake in Capella Education during the fourth quarter worth $25,219,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

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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