Clark Capital Management Group Inc. Has $2.54 Million Stake in Stride, Inc. (NYSE:LRN)

Clark Capital Management Group Inc. grew its holdings in Stride, Inc. (NYSE:LRN - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,425 shares of the company's stock after acquiring an additional 1,604 shares during the quarter. Clark Capital Management Group Inc. owned 0.06% of Stride worth $2,538,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Asset Management One Co. Ltd. purchased a new position in shares of Stride during the 4th quarter valued at approximately $5,696,000. Congress Asset Management Co. increased its position in shares of Stride by 8.2% during 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 in the last quarter. Aigen Investment Management LP purchased a new stake in Stride in the 4th quarter valued at $995,000. Truist Financial Corp acquired a new position in Stride in the 4th quarter valued at about $302,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Stride by 61.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company's stock valued at $20,250,000 after purchasing an additional 72,518 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Barrington Research raised their target price on Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. BMO Capital Markets restated an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. Canaccord Genuity Group increased their target price on shares of Stride from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Finally, William Blair reiterated an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.83.

Stride Stock Up 0.5%

LRN stock traded up $0.77 during midday trading on Thursday, hitting $154.70. 255,789 shares of the company's stock were exchanged, compared to its average volume of 836,634. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. Stride, Inc. has a 12-month low of $63.25 and a 12-month high of $162.30. The firm has a 50 day moving average price of $135.00 and a 200-day moving average price of $122.00. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 1.04 and a beta of 0.36.

Stride (NYSE:LRN - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.07). Stride had a net margin of 12.30% and a return on equity of 22.42%. The business had revenue of $613.38 million for the quarter, compared to the consensus estimate of $591.15 million. During the same quarter in the previous year, the firm earned $1.60 EPS. The firm's revenue for the quarter was up 17.8% on a year-over-year basis. On average, analysts anticipate that Stride, Inc. will post 6.67 EPS for the current year.

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.