Illinois Municipal Retirement Fund Buys 807 Shares of Stride, Inc. (NYSE:LRN)

Illinois Municipal Retirement Fund boosted its stake in shares of Stride, Inc. (NYSE:LRN) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,747 shares of the company’s stock after purchasing an additional 807 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.05% of Stride worth $2,364,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Stride in the fourth quarter worth $37,000. TD Private Client Wealth LLC lifted its position in Stride by 27.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock worth $167,000 after acquiring an additional 426 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in Stride by 11.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company’s stock valued at $187,000 after acquiring an additional 183 shares during the period. KBC Group NV boosted its holdings in Stride by 68.5% during the fourth quarter. KBC Group NV now owns 1,891 shares of the company’s stock valued at $197,000 after acquiring an additional 769 shares during the period. Finally, Sheets Smith Wealth Management acquired a new stake in shares of Stride in the fourth quarter valued at about $205,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Price Performance

Shares of NYSE:LRN opened at $134.49 on Friday. The firm has a market capitalization of $5.86 billion, a PE ratio of 22.45, a PEG ratio of 1.04 and a beta of 0.32. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. Stride, Inc. has a 1-year low of $56.17 and a 1-year high of $145.00. The business’s 50 day moving average is $122.20 and its 200-day moving average is $100.83.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share 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%. Sell-side analysts predict that Stride, Inc. will post 6.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LRN has been the subject of several research analyst reports. Canaccord Genuity Group boosted their price objective on Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. BMO Capital Markets upped their price target on Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Barrington Research raised their price objective on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley upped their target price on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.83.

About Stride

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.