Thompson Siegel & Walmsley LLC Takes Position in Stride, Inc. (NYSE:LRN)

Thompson Siegel & Walmsley LLC purchased a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,000 shares of the company's stock, valued at approximately $831,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its holdings in shares of Stride by 1.1% in the 3rd quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company's stock valued at $99,851,000 after buying an additional 13,050 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Stride by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 964,701 shares of the company's stock valued at $82,315,000 after buying an additional 35,349 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Stride by 51.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company's stock valued at $79,326,000 after buying an additional 314,435 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Stride by 293.1% in the 4th 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, Victory Capital Management Inc. boosted its holdings in shares of Stride by 72.4% in the 3rd quarter. Victory Capital Management Inc. now owns 827,505 shares of the company's stock valued at $70,594,000 after buying an additional 347,564 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.

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Stride Stock Performance

Stride stock traded up $1.10 during trading hours on Wednesday, reaching $121.29. 766,907 shares of the stock were exchanged, compared to its average volume of 798,251. The stock has a market cap of $5.28 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.04 and a beta of 0.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. Stride, Inc. has a 52-week low of $56.17 and a 52-week high of $145.00. The firm's 50 day moving average is $127.87 and its 200 day moving average is $105.29.

Stride (NYSE:LRN - Get Free Report) last announced 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%. Analysts predict that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Morgan Stanley upped their price target on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Barrington Research reiterated an "outperform" rating and issued a $140.00 price target on shares of Stride in a research report on Friday, March 14th. Finally, Canaccord Genuity Group upped their price target on shares of Stride from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.