Stride, Inc. (NYSE:LRN) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC grew its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 27.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,493,709 shares of the company's stock after purchasing an additional 323,275 shares during the period. Janus Henderson Group PLC owned approximately 3.43% of Stride worth $155,251,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LRN. Gen Wealth Partners Inc bought a new stake in shares of Stride in the fourth quarter worth $75,000. Graham Capital Management L.P. purchased a new stake in shares of Stride during the 4th quarter valued at about $341,000. Clark Capital Management Group Inc. boosted its stake in Stride by 7.0% during the fourth quarter. Clark Capital Management Group Inc. now owns 24,425 shares of the company's stock worth $2,538,000 after buying an additional 1,604 shares during the period. Deutsche Bank AG raised its holdings in shares of Stride by 2.3% in the fourth quarter. Deutsche Bank AG now owns 559,865 shares of the company's stock worth $58,187,000 after buying an additional 12,548 shares during the period. Finally, Corton Capital Inc. purchased a new stake in Stride in the 4th quarter valued at about $201,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LRN has been the topic of several recent research reports. Barrington Research increased their target price on Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. William Blair reiterated an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Canaccord Genuity Group boosted their price target on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Stride presently has an average rating of "Moderate Buy" and a consensus price target of $126.83.

Stride Stock Up 0.5%

Stride stock traded up $0.84 during mid-day trading on Friday, hitting $154.62. The company had a trading volume of 724,296 shares, compared to its average volume of 838,948. Stride, Inc. has a 1 year low of $63.25 and a 1 year high of $162.30. 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 stock has a market cap of $6.73 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 1.04 and a beta of 0.36. The business has a fifty day moving average of $135.66 and a 200 day moving average of $122.44.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) 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 firm had revenue of $613.38 million during the quarter, compared to analyst estimates of $591.15 million. During the same period in the prior year, the firm posted $1.60 earnings per share. The business's quarterly revenue was up 17.8% compared to the same quarter last year. On average, sell-side analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal 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.