BMO Capital Markets Reaffirms Buy Rating for Strayer Education, Inc. (NASDAQ:STRA)

BMO Capital Markets reissued their buy rating on shares of Strayer Education, Inc. (NASDAQ:STRA) in a research note issued to investors on Thursday, July 20th. BMO Capital Markets currently has a $100.00 price objective on the health services provider’s stock.

A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded Strayer Education from a hold rating to a sell rating in a research note on Tuesday, May 16th. First Analysis increased their price target on Strayer Education from $76.00 to $95.00 and gave the stock an equal weight rating in a research note on Monday, May 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Strayer Education has a consensus rating of Hold and an average price target of $83.75.

Strayer Education (STRA) traded up 0.11% on Thursday, reaching $81.51. 34,251 shares of the company’s stock were exchanged. Strayer Education has a one year low of $44.58 and a one year high of $95.74. The stock has a market cap of $872.24 million, a price-to-earnings ratio of 25.32 and a beta of 0.90. The firm has a 50 day moving average of $90.55 and a 200-day moving average of $84.85.

Strayer Education (NASDAQ:STRA) last issued its quarterly earnings data on Wednesday, July 26th. The health services provider reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.05. The firm had revenue of $112.70 million during the quarter, compared to the consensus estimate of $113.68 million. Strayer Education had a return on equity of 17.65% and a net margin of 7.90%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 EPS. Equities research analysts forecast that Strayer Education will post $3.33 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Friday, September 1st. Strayer Education’s payout ratio is currently 31.15%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. raised its position in shares of Strayer Education by 15.1% in the second quarter. Victory Capital Management Inc. now owns 1,680 shares of the health services provider’s stock worth $157,000 after buying an additional 221 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Strayer Education by 79.8% in the second quarter. State of Alaska Department of Revenue now owns 2,068 shares of the health services provider’s stock valued at $192,000 after buying an additional 918 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Strayer Education during the first quarter valued at $173,000. Mason Street Advisors LLC increased its stake in shares of Strayer Education by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,438 shares of the health services provider’s stock valued at $196,000 after buying an additional 159 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new stake in shares of Strayer Education during the first quarter valued at $200,000. 92.27% of the stock is currently owned by institutional investors and hedge funds.

About Strayer Education

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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