Robert W. Baird Raises Grand Canyon Education (NASDAQ:LOPE) Price Target to $170.00

Grand Canyon Education (NASDAQ:LOPE) had its target price upped by investment analysts at Robert W. Baird from $165.00 to $170.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 21.62% from the stock’s current price.

Separately, Barrington Research reiterated an “outperform” rating and issued a $160.00 price objective on shares of Grand Canyon Education in a research note on Thursday, April 18th.

Grand Canyon Education Price Performance

NASDAQ LOPE opened at $139.78 on Wednesday. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.19 and a beta of 0.60. The stock’s fifty day moving average price is $133.01 and its 200 day moving average price is $132.26. Grand Canyon Education has a 1 year low of $99.65 and a 1 year high of $144.94.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.13. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. The business had revenue of $274.68 million for the quarter, compared to analyst estimates of $272.42 million. During the same period in the prior year, the company earned $2.00 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Research analysts expect that Grand Canyon Education will post 7.65 earnings per share for the current year.

Insider Buying and Selling at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $132.65, for a total transaction of $198,975.00. Following the sale, the chief technology officer now owns 25,674 shares of the company’s stock, valued at approximately $3,405,656.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Grand Canyon Education

Institutional investors have recently added to or reduced their stakes in the stock. Burgundy Asset Management Ltd. increased its stake in shares of Grand Canyon Education by 2.8% during the third quarter. Burgundy Asset Management Ltd. now owns 984,511 shares of the company’s stock worth $115,070,000 after purchasing an additional 26,647 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in shares of Grand Canyon Education by 11.9% in the third quarter. Van Berkom & Associates Inc. now owns 871,871 shares of the company’s stock valued at $101,904,000 after acquiring an additional 92,445 shares in the last quarter. Wasatch Advisors LP boosted its stake in shares of Grand Canyon Education by 9.4% in the first quarter. Wasatch Advisors LP now owns 463,083 shares of the company’s stock worth $63,077,000 after acquiring an additional 39,743 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in Grand Canyon Education by 11.2% in the 1st quarter. Los Angeles Capital Management LLC now owns 456,839 shares of the company’s stock valued at $62,226,000 after purchasing an additional 46,024 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Grand Canyon Education by 15.9% in the third quarter. William Blair Investment Management LLC now owns 429,848 shares of the company’s stock valued at $50,241,000 after buying an additional 59,089 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.