Stride, Inc. $LRN Shares Acquired by Systematic Financial Management LP

Systematic Financial Management LP lifted its holdings in shares of Stride, Inc. (NYSE:LRN) by 3.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 329,365 shares of the company’s stock after buying an additional 10,780 shares during the period. Systematic Financial Management LP’s holdings in Stride were worth $21,386,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Leonteq Securities AG acquired a new position in shares of Stride during the 4th quarter worth approximately $35,000. IFP Advisors Inc increased its position in shares of Stride by 58.5% during the fourth quarter. IFP Advisors Inc now owns 2,208 shares of the company’s stock worth $143,000 after purchasing an additional 815 shares in the last quarter. Banque Cantonale Vaudoise increased its position in shares of Stride by 125.9% during the fourth quarter. Banque Cantonale Vaudoise now owns 24,100 shares of the company’s stock worth $1,565,000 after purchasing an additional 13,430 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Stride by 35.0% during the fourth quarter. Handelsbanken Fonder AB now owns 13,900 shares of the company’s stock worth $903,000 after purchasing an additional 3,600 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Stride by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 8,319 shares of the company’s stock worth $540,000 after purchasing an additional 261 shares in the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Stock Up 1.2%

Shares of LRN opened at $88.72 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 6.14 and a current ratio of 6.21. The stock has a 50 day moving average price of $90.59 and a 200 day moving average price of $78.98. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.54 and a beta of 0.13. Stride, Inc. has a one year low of $60.61 and a one year high of $171.17.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.09. The company had revenue of $629.87 million during the quarter, compared to analysts’ expectations of $629.69 million. Stride had a return on equity of 25.20% and a net margin of 12.15%.The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.02 EPS. Equities research analysts forecast that Stride, Inc. will post 8.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on LRN. Weiss Ratings reiterated a “hold (c)” rating on shares of Stride in a research report on Friday, April 10th. Wall Street Zen cut Stride from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Barrington Research reiterated an “outperform” rating and set a $125.00 price target on shares of Stride in a research report on Thursday, April 16th. BMO Capital Markets reiterated a “market perform” rating on shares of Stride in a research report on Tuesday, March 3rd. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $125.00 price target on shares of Stride in a research report on Wednesday, January 28th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $109.75.

About Stride

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.