Stride, Inc. (NYSE:LRN) Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Stride, Inc. (NYSE:LRN) by 26.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295,532 shares of the company’s stock after buying an additional 62,590 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Stride were worth $30,715,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Envestnet Asset Management Inc. grew its position in Stride by 2.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 149,068 shares of the company’s stock valued at $10,509,000 after acquiring an additional 4,191 shares in the last quarter. Sei Investments Co. increased its stake in Stride by 0.6% during the 2nd quarter. Sei Investments Co. now owns 40,210 shares of the company’s stock worth $2,834,000 after buying an additional 242 shares during the period. Hancock Whitney Corp acquired a new stake in Stride during the 2nd quarter worth approximately $205,000. Public Sector Pension Investment Board boosted its position in Stride by 7.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 87,860 shares of the company’s stock valued at $6,194,000 after buying an additional 6,282 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Stride in the second quarter worth $230,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of Stride stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.54, for a total transaction of $734,883.12. Following the transaction, the director now owns 85,058 shares of the company’s stock, valued at $7,786,209.32. The trade was a 8.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

LRN has been the subject of a number of recent research reports. Canaccord Genuity Group lifted their target price on Stride from $94.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. BMO Capital Markets lifted their price objective on Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barrington Research upped their target price on shares of Stride from $100.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Citigroup lifted their price target on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Finally, StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $102.50.

Stride Stock Up 0.8 %

Shares of NYSE:LRN opened at $117.43 on Thursday. The firm has a 50 day simple moving average of $107.32 and a 200-day simple moving average of $89.65. Stride, Inc. has a twelve month low of $54.81 and a twelve month high of $118.58. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $5.12 billion, a PE ratio of 21.35, a P/E/G ratio of 0.86 and a beta of 0.32.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.72. The firm had revenue of $551.08 million during the quarter, compared to analysts’ expectations of $504.29 million. Stride had a net margin of 11.38% and a return on equity of 21.23%. Stride’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. On average, equities analysts predict that Stride, Inc. will post 6.64 EPS for the current fiscal 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.