Teacher Retirement System of Texas Acquires 13,195 Shares of Stride, Inc. (NYSE:LRN)

Teacher Retirement System of Texas increased its holdings in shares of Stride, Inc. (NYSE:LRN) by 93.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,243 shares of the company’s stock after purchasing an additional 13,195 shares during the period. Teacher Retirement System of Texas’ holdings in Stride were worth $2,831,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in Stride by 293.1% in the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock worth $90,024,000 after purchasing an additional 645,835 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of Stride by 18.0% during 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. Loomis Sayles & Co. L P purchased a new stake in shares of Stride during the 3rd quarter valued at $21,044,000. Wellington Management Group LLP grew its stake in Stride by 416.7% during the 3rd quarter. Wellington Management Group LLP now owns 275,483 shares of the company’s stock worth $23,501,000 after buying an additional 222,165 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new position in Stride during the 4th quarter valued at about $20,850,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Stock Up 1.4 %

Stride stock opened at $127.09 on Wednesday. The business’s 50-day moving average price is $129.29 and its 200 day moving average price is $106.80. 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 $5.53 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. Stride, Inc. has a 52 week low of $56.17 and a 52 week high of $145.00.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. As a group, sell-side analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LRN shares. Morgan Stanley boosted their price target on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. BMO Capital Markets boosted their target price on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Barrington Research reiterated an “outperform” rating and set a $140.00 price objective on shares of Stride in a research note on Friday, March 14th. Finally, Canaccord Genuity Group upped their target price on Stride from $135.00 to $145.00 and gave the company 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, Stride presently has a consensus rating of “Moderate Buy” and an average target price of $119.33.

Stride 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.