Oregon Public Employees Retirement Fund Has $1.05 Million Holdings in Stride, Inc. (NYSE:LRN)

Oregon Public Employees Retirement Fund increased its position in shares of Stride, Inc. (NYSE:LRN) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,074 shares of the company’s stock after acquiring an additional 100 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Stride were worth $1,047,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in Stride in the 4th quarter valued at approximately $37,000. TD Private Client Wealth LLC increased its stake in Stride by 27.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock valued at $167,000 after buying an additional 426 shares during the period. Wolverine Asset Management LLC increased its stake in Stride by 11.3% in the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company’s stock valued at $187,000 after buying an additional 183 shares during the period. KBC Group NV increased its stake in Stride by 68.5% in the 4th quarter. KBC Group NV now owns 1,891 shares of the company’s stock valued at $197,000 after buying an additional 769 shares during the period. Finally, Sheets Smith Wealth Management acquired a new position in Stride in the 4th quarter valued at approximately $205,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Price Performance

NYSE LRN opened at $136.81 on Friday. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $122.83 and a 200 day simple moving average of $101.36. The company has a market cap of $5.96 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.04 and a beta of 0.32. Stride, Inc. has a 1 year low of $56.17 and a 1 year high of $145.00.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. On average, sell-side analysts predict that Stride, Inc. will post 6.67 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.