Louisiana State Employees Retirement System Buys 100 Shares of Stride, Inc. (NYSE:LRN)

Louisiana State Employees Retirement System increased its stake in shares of Stride, Inc. (NYSE:LRN) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,700 shares of the company’s stock after buying an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Stride were worth $2,151,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of LRN. Congress Asset Management Co. bought a new position in shares of Stride during the 3rd quarter worth approximately $45,616,000. Victory Capital Management Inc. lifted its position in shares of Stride by 72.4% during the 3rd quarter. Victory Capital Management Inc. now owns 827,505 shares of the company’s stock worth $70,594,000 after buying an additional 347,564 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in shares of Stride by 51.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock worth $79,326,000 after buying an additional 314,435 shares during the period. Loomis Sayles & Co. L P bought a new position in Stride in the 3rd quarter valued at $21,044,000. Finally, Wellington Management Group LLP raised its position in Stride by 416.7% in the 3rd quarter. Wellington Management Group LLP now owns 275,483 shares of the company’s stock valued at $23,501,000 after purchasing an additional 222,165 shares during the last quarter. Institutional investors own 98.24% of the company’s stock.

Stride Stock Up 0.6 %

NYSE LRN opened at $140.19 on Friday. The stock has a fifty day moving average of $116.77 and a 200-day moving average of $97.00. The stock has a market capitalization of $6.11 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32. Stride, Inc. has a 52 week low of $54.81 and a 52 week high of $145.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. On average, equities research analysts forecast that Stride, Inc. will post 6.67 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on LRN. BMO Capital Markets lifted their price objective on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Barrington Research lifted their price objective on Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Morgan Stanley lifted their price objective on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group lifted their price objective on Stride from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Stride has an average rating of “Moderate Buy” and a consensus target price of $116.83.

Stride Company Profile

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.