Illinois Municipal Retirement Fund Buys 729 Shares of Stride, Inc. (NYSE:LRN)

Illinois Municipal Retirement Fund boosted its holdings in Stride, Inc. (NYSE:LRN) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,577 shares of the company’s stock after buying an additional 729 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Stride were worth $1,400,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Stride by 0.6% in the third quarter. Vanguard Group Inc. now owns 4,969,506 shares of the company’s stock valued at $223,777,000 after buying an additional 28,661 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Stride by 148.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 27,731 shares of the company’s stock valued at $1,646,000 after buying an additional 16,579 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Stride by 89.2% in the third quarter. Envestnet Asset Management Inc. now owns 118,047 shares of the company’s stock valued at $5,316,000 after buying an additional 55,641 shares in the last quarter. Weil Company Inc. boosted its stake in Stride by 38.1% in the third quarter. Weil Company Inc. now owns 48,315 shares of the company’s stock valued at $2,176,000 after buying an additional 13,324 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Stride by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 531,030 shares of the company’s stock valued at $23,912,000 after buying an additional 8,754 shares in the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Price Performance

Stride stock opened at $67.08 on Friday. The stock’s 50 day moving average is $60.45 and its 200 day moving average is $58.34. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.29 and a quick ratio of 4.44. The firm has a market cap of $2.90 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.73 and a beta of 0.26. Stride, Inc. has a one year low of $35.61 and a one year high of $69.70.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.13. The company had revenue of $520.84 million for the quarter, compared to analyst estimates of $507.89 million. Stride had a return on equity of 18.29% and a net margin of 9.29%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.30 earnings per share. As a group, research analysts expect that Stride, Inc. will post 4.55 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on LRN. Morgan Stanley raised their price objective on Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Wedbush reissued an “outperform” rating on shares of Stride in a research note on Wednesday, January 24th. BMO Capital Markets lifted their price target on Stride from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday. StockNews.com lowered Stride from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Citigroup lifted their price target on Stride from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Stride currently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.