California Public Employees Retirement System lowered its stake in shares of Capella Education Company (NASDAQ:CPLA) by 20.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,400 shares of the company’s stock after selling 11,700 shares during the period. California Public Employees Retirement System owned 0.38% of Capella Education worth $3,775,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in CPLA. State of Alaska Department of Revenue increased its position in shares of Capella Education by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 1,270 shares of the company’s stock valued at $107,000 after buying an additional 20 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Capella Education by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 4,700 shares of the company’s stock valued at $400,000 after buying an additional 100 shares in the last quarter. Bank of Montreal Can increased its position in shares of Capella Education by 38.8% in the first quarter. Bank of Montreal Can now owns 1,952 shares of the company’s stock valued at $166,000 after buying an additional 546 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Capella Education during the fourth quarter valued at about $321,000. Finally, Teachers Advisors LLC increased its position in shares of Capella Education by 8.1% in the fourth quarter. Teachers Advisors LLC now owns 18,892 shares of the company’s stock valued at $1,659,000 after buying an additional 1,412 shares in the last quarter. 91.12% of the stock is owned by hedge funds and other institutional investors.
Capella Education Company (NASDAQ:CPLA) opened at 87.15 on Tuesday. The company’s 50-day moving average is $87.98 and its 200 day moving average is $85.78. Capella Education Company has a one year low of $55.91 and a one year high of $99.25. The company has a market capitalization of $1.01 billion, a P/E ratio of 22.94 and a beta of 0.53.
Capella Education (NASDAQ:CPLA) last posted its quarterly earnings data on Tuesday, April 25th. The company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.07. Capella Education had a net margin of 10.31% and a return on equity of 21.04%. The business had revenue of $111.80 million during the quarter, compared to analysts’ expectations of $111.19 million. During the same quarter in the prior year, the business posted $0.86 earnings per share. Capella Education’s revenue was up 6.1% compared to the same quarter last year. Analysts predict that Capella Education Company will post $3.63 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Wednesday, May 24th were given a dividend of $0.41 per share. The ex-dividend date was Monday, May 22nd. This represents a $1.64 annualized dividend and a yield of 1.88%. Capella Education’s dividend payout ratio is 43.27%.
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Several equities analysts recently issued reports on the stock. Barrington Research lifted their price target on shares of Capella Education from $85.00 to $98.00 and gave the company an “outperform” rating in a report on Tuesday, April 25th. Zacks Investment Research downgraded shares of Capella Education from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Capella Education has an average rating of “Buy” and a consensus target price of $90.20.
In related news, CFO Steven L. Polacek sold 7,061 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $93.94, for a total transaction of $663,310.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO J Kevin Gilligan sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $88.79, for a total transaction of $177,580.00. The disclosure for this sale can be found here. Insiders have sold 25,262 shares of company stock valued at $2,261,276 in the last ninety days. 3.56% of the stock is currently owned by company insiders.
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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