Lizette Benedi Herraiz Sells 2,982 Shares of Strategic Education (NASDAQ:STRA) Stock

Strategic Education Inc. (NASDAQ:STRA) General Counsel Lizette Benedi Herraiz sold 2,982 shares of Strategic Education stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $79.88, for a total transaction of $238,202.16. Following the transaction, the general counsel directly owned 55,580 shares in the company, valued at approximately $4,439,730.40. This represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Lizette Benedi Herraiz also recently made the following trade(s):

• On Friday, March 13th, Lizette Benedi Herraiz sold 7,598 shares of Strategic Education stock. The shares were sold at an average price of $79.97, for a total transaction of $607,612.06.

Strategic Education Stock Down 0.3%

STRA opened at $80.72 on Friday. The stock has a market cap of $1.83 billion, a P/E ratio of 14.89, a P/E/G ratio of 0.77 and a beta of 0.56. Strategic Education Inc. has a 12 month low of $72.17 and a 12 month high of $93.45. The company has a fifty day simple moving average of $81.03 and a 200 day simple moving average of $80.85.

Strategic Education (NASDAQ:STRA) last posted its earnings results on Thursday, February 26th. The health services provider reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.27. Strategic Education had a return on equity of 8.75% and a net margin of 9.98%.The firm had revenue of $311.46 million for the quarter, compared to analyst estimates of $322.29 million. During the same period in the previous year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts expect that Strategic Education Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, March 9th. Strategic Education’s payout ratio is 44.28%.

Analyst Ratings Changes

STRA has been the subject of a number of research reports. Zacks Research raised Strategic Education from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategic Education in a research note on Thursday, January 22nd. Barrington Research reissued an “outperform” rating and set a $105.00 price objective on shares of Strategic Education in a research report on Monday, January 26th. Finally, Wall Street Zen raised shares of Strategic Education from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $99.33.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of STRA. Burgundy Asset Management Ltd. lifted its stake in Strategic Education by 3.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,524,317 shares of the health services provider’s stock valued at $129,765,000 after acquiring an additional 48,486 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Strategic Education by 62,355.4% during the 4th quarter. Bank of Montreal Can now owns 1,467,702 shares of the health services provider’s stock worth $117,710,000 after acquiring an additional 1,465,352 shares in the last quarter. State Street Corp grew its stake in shares of Strategic Education by 0.8% during the 4th quarter. State Street Corp now owns 881,089 shares of the health services provider’s stock worth $70,663,000 after acquiring an additional 6,737 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Strategic Education by 4.6% in the second quarter. Geode Capital Management LLC now owns 610,839 shares of the health services provider’s stock valued at $52,007,000 after purchasing an additional 26,872 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Strategic Education by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 351,969 shares of the health services provider’s stock valued at $28,228,000 after purchasing an additional 12,244 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

About Strategic Education

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.