O Shaughnessy Asset Management LLC Boosts Stake in Stride, Inc. (NYSE:LRN)

O Shaughnessy Asset Management LLC boosted its stake in shares of Stride, Inc. (NYSE:LRN) by 41.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,987 shares of the company’s stock after purchasing an additional 4,979 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Stride were worth $1,765,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LRN. Vanguard Group Inc. raised its stake in shares of Stride by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company’s stock worth $485,706,000 after buying an additional 69,888 shares during the period. William Blair Investment Management LLC increased its holdings in Stride by 18.0% in the 4th quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company’s stock worth $256,397,000 after acquiring an additional 375,686 shares in the last quarter. Geode Capital Management LLC raised its stake in Stride by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 964,701 shares of the company’s stock worth $82,315,000 after acquiring an additional 35,349 shares during the period. Principal Financial Group Inc. lifted its holdings in Stride by 293.1% during the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock valued at $90,024,000 after purchasing an additional 645,835 shares in the last quarter. Finally, Congress Asset Management Co. boosted its position in shares of Stride by 8.2% in the fourth quarter. Congress Asset Management Co. now owns 578,540 shares of the company’s stock worth $60,128,000 after purchasing an additional 43,829 shares during the period. Institutional investors own 98.24% of the company’s stock.

Stride Trading Down 3.8 %

Shares of Stride stock opened at $125.57 on Friday. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.04 and a beta of 0.46. Stride, Inc. has a twelve month low of $56.17 and a twelve month high of $145.00. The business has a 50-day moving average price of $131.27 and a 200-day moving average price of $109.09.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. Equities research analysts anticipate that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. BMO Capital Markets raised their price objective on shares of Stride from $134.00 to $139.00 and gave the company an “outperform” rating in a research report on Tuesday. Morgan Stanley raised their price target on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Barrington Research reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of Stride in a research note on Friday, March 14th. Finally, Canaccord Genuity Group increased their target price on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $120.17.

About Stride

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.