Strayer Education, Inc. (NASDAQ:STRA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “Strayer Education’s convenient, accessible and flexible educational programs are specifically designed to meet the educational needs of working adults. The company’s programs are flexible enough to allow students to attend classes and complete coursework as convenient for them. Strayer University is reducing the cost of its programs in order to increase their affordability for students. Moreover, the acquisition of New York Code and Design Academy is encouraging. Middle State’s reaffirmation of the university’s regional accreditation is an added advantage. Also, Strayer Education’s shares outperformed the industry in the last one year.”

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets reiterated a “buy” rating and set a $100.00 price target on shares of Strayer Education in a research report on Thursday, July 20th. BidaskClub cut shares of Strayer Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $87.00 price objective on shares of Strayer Education in a report on Friday, July 28th. Four 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 $94.00.

Shares of Strayer Education (NASDAQ:STRA) traded up 0.72% during mid-day trading on Friday, reaching $88.68. 13,213 shares of the company were exchanged. Strayer Education has a 12 month low of $44.63 and a 12 month high of $95.74. The firm has a 50-day moving average price of $81.90 and a 200 day moving average price of $85.30. The stock has a market capitalization of $948.96 million, a P/E ratio of 27.55 and a beta of 0.95.

Strayer Education (NASDAQ:STRA) last issued its quarterly earnings results on Wednesday, July 26th. The health services provider reported $0.92 EPS for the quarter, topping the 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 previous year, the company earned $0.72 EPS. Strayer Education’s revenue was up 3.9% on a year-over-year basis. Equities research analysts anticipate that Strayer Education will post $3.33 EPS for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Strayer Education by 64,392.9% in the first 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 period. Vanguard Group Inc. boosted its holdings in shares of Strayer Education by 3.2% in the second quarter. Vanguard Group Inc. now owns 1,143,120 shares of the health services provider’s stock valued at $106,562,000 after buying an additional 35,328 shares during the period. Capital World Investors boosted its holdings in shares of Strayer Education by 0.4% in the second quarter. Capital World Investors now owns 724,200 shares of the health services provider’s stock valued at $67,510,000 after buying an additional 3,095 shares during the period. FMR LLC boosted its holdings in shares of Strayer Education by 3.3% in the second quarter. FMR LLC now owns 527,600 shares of the health services provider’s stock valued at $49,183,000 after buying an additional 16,693 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Strayer Education by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 441,117 shares of the health services provider’s stock valued at $41,121,000 after buying an additional 2,295 shares during the period. Institutional investors own 93.04% of the company’s stock.

Strayer Education Company 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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