Stride, Inc. (NYSE:LRN) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP decreased its position in Stride, Inc. (NYSE:LRN - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 389,051 shares of the company's stock after selling 19,951 shares during the quarter. Stride accounts for approximately 1.0% of Systematic Financial Management LP's holdings, making the stock its 21st largest position. Systematic Financial Management LP owned 0.89% of Stride worth $40,434,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Mutual of America Capital Management LLC increased its stake in Stride by 1.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company's stock valued at $675,000 after purchasing an additional 93 shares during the last quarter. Arizona State Retirement System grew its position in shares of Stride by 0.8% during the 4th quarter. Arizona State Retirement System now owns 11,932 shares of the company's stock valued at $1,240,000 after buying an additional 99 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Stride by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company's stock valued at $2,151,000 after buying an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Stride by 1.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company's stock worth $1,047,000 after acquiring an additional 100 shares during the period. Finally, Bosun Asset Management LLC lifted its holdings in Stride by 1.4% in the fourth quarter. Bosun Asset Management LLC now owns 8,292 shares of the company's stock worth $862,000 after acquiring an additional 111 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors.

Stride Price Performance

LRN stock traded up $0.10 during trading on Tuesday, hitting $157.05. The company had a trading volume of 645,137 shares, compared to its average volume of 841,886. The business has a 50 day moving average of $137.88 and a 200 day moving average of $123.96. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 26.22, a P/E/G 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. Stride, Inc. has a fifty-two week low of $63.25 and a fifty-two week high of $162.30.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LRN. Canaccord Genuity Group raised their price target on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, April 28th. BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. William Blair restated an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Finally, Barrington Research increased their price objective on shares of Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Three equities research 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 presently has an average rating of "Moderate Buy" and an average 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.