Sei Investments Co. Acquires 10,934 Shares of Stride, Inc. (NYSE:LRN)

Sei Investments Co. boosted its position in Stride, Inc. (NYSE:LRN - Free Report) by 22.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,102 shares of the company's stock after purchasing an additional 10,934 shares during the quarter. Sei Investments Co. owned about 0.14% of Stride worth $6,247,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC grew its stake in shares of Stride by 18.0% in the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock valued at $256,397,000 after acquiring an additional 375,686 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Stride by 1.1% during the 3rd quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company's stock worth $99,851,000 after purchasing an additional 13,050 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Stride by 3.8% during the third quarter. Geode Capital Management LLC now owns 964,701 shares of the company's stock worth $82,315,000 after purchasing an additional 35,349 shares during the period. Principal Financial Group Inc. raised its position in shares of Stride by 293.1% in the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock valued at $90,024,000 after buying an additional 645,835 shares in the last quarter. Finally, Congress Asset Management Co. raised its position in shares of Stride by 8.2% in the fourth quarter. Congress Asset Management Co. now owns 578,540 shares of the company's stock valued at $60,128,000 after buying an additional 43,829 shares in the last quarter. Institutional investors own 98.24% of the company's stock.

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Stride Price Performance

Shares of LRN traded down $4.95 during mid-day trading on Friday, reaching $125.57. The company had a trading volume of 1,105,886 shares, compared to its average volume of 830,795. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.04 and a beta of 0.47. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The company's 50 day simple moving average is $131.27 and its 200 day simple moving average is $109.28. Stride, Inc. has a 1-year low of $56.17 and a 1-year high of $145.00.

Stride (NYSE:LRN - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating 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%. Analysts expect that Stride, Inc. will post 6.67 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on LRN. Canaccord Genuity Group raised their price objective on Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Barrington Research reaffirmed an "outperform" rating and set a $140.00 price objective on shares of Stride in a research report on Friday, March 14th. Morgan Stanley raised their target price on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Finally, BMO Capital Markets upped their price target on shares of Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $120.17.

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.