Teacher Retirement System of Texas Purchases 13,195 Shares of Stride, Inc. (NYSE:LRN)

Teacher Retirement System of Texas grew its position in shares of Stride, Inc. (NYSE:LRN) by 93.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 27,243 shares of the company’s stock after acquiring an additional 13,195 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of Stride worth $2,831,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LRN. Mutual of America Capital Management LLC grew its stake in shares of Stride by 1.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company’s stock worth $675,000 after buying an additional 93 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Stride by 0.8% in the 4th quarter. Arizona State Retirement System now owns 11,932 shares of the company’s stock valued at $1,240,000 after acquiring an additional 99 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Stride by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock worth $2,151,000 after acquiring an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Stride by 1.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company’s stock valued at $1,047,000 after purchasing an additional 100 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Stride by 3.6% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company’s stock valued at $336,000 after purchasing an additional 113 shares during the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LRN has been the topic of several analyst reports. Barrington Research reissued an “outperform” rating and set a $140.00 target price on shares of Stride in a research report on Friday, March 14th. Morgan Stanley boosted their price objective 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. BMO Capital Markets raised their target price on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. 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 report on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $119.33.

Stride Trading Up 1.4 %

NYSE LRN opened at $127.09 on Wednesday. Stride, Inc. has a 12 month low of $56.17 and a 12 month high of $145.00. The company’s 50-day moving average price is $129.29 and its 200-day moving average price is $106.80. The stock has a market cap of $5.53 billion, a PE ratio of 21.22, a PEG ratio of 1.04 and a beta of 0.46. 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 (NYSE:LRN) last issued its earnings results 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%. Equities research analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current year.

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.