Northern Trust Corp Has $48.01 Million Stock Position in Stride, Inc. (NYSE:LRN)

Northern Trust Corp grew its stake in Stride, Inc. (NYSE:LRN - Free Report) by 9.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 461,954 shares of the company's stock after buying an additional 41,205 shares during the quarter. Northern Trust Corp owned 1.06% of Stride worth $48,011,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LRN. Vanguard Group Inc. boosted its stake in Stride by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company's stock worth $485,706,000 after purchasing an additional 69,888 shares during the period. William Blair Investment Management LLC boosted its position in shares of Stride by 18.0% during the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock worth $256,397,000 after buying an additional 375,686 shares during the period. Geode Capital Management LLC boosted its position in shares of Stride by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 970,395 shares of the company's stock worth $100,877,000 after buying an additional 5,694 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Stride by 293.1% during the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock worth $90,024,000 after buying an additional 645,835 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Stride by 9.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 764,067 shares of the company's stock valued at $79,411,000 after buying an additional 65,509 shares during the last quarter. Institutional investors own 98.24% of the company's stock.

Stride Stock Performance

NYSE LRN opened at $158.69 on Thursday. The firm has a market capitalization of $6.91 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 1.04 and a beta of 0.36. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The firm's fifty day moving average price is $133.15 and its two-hundred day moving average price is $119.47. Stride, Inc. has a 1 year low of $63.25 and a 1 year high of $162.30.

Stride (NYSE:LRN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $591.15 million. During the same period in the previous year, the company posted $1.60 earnings per share. The firm's revenue for the quarter was up 17.8% compared to the same quarter last year. As a group, research analysts anticipate that Stride, Inc. will post 6.67 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.

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