Fiera Capital Corp Purchases Shares of 233,408 Stride, Inc. (NYSE:LRN)

Fiera Capital Corp purchased a new stake in shares of Stride, Inc. (NYSE:LRN) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 233,408 shares of the company’s stock, valued at approximately $29,526,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Stride by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company’s stock worth $485,706,000 after purchasing an additional 69,888 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Stride by 27.6% in the fourth quarter. Janus Henderson Group PLC now owns 1,493,709 shares of the company’s stock worth $155,251,000 after purchasing an additional 323,275 shares during the last quarter. Congress Asset Management Co. grew its holdings in shares of Stride by 102.2% in the first quarter. Congress Asset Management Co. now owns 1,169,748 shares of the company’s stock worth $147,973,000 after purchasing an additional 591,208 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Stride by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 970,395 shares of the company’s stock worth $100,877,000 after purchasing an additional 5,694 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Stride by 9.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 764,067 shares of the company’s stock worth $79,411,000 after purchasing an additional 65,509 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors.

Stride Stock Performance

Shares of LRN stock opened at $128.62 on Wednesday. The company has a quick ratio of 5.53, a current ratio of 5.61 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 0.83 and a beta of 0.32. The stock has a fifty day moving average of $141.91 and a 200 day moving average of $136.60. Stride, Inc. has a 52 week low of $63.25 and a 52 week high of $162.30.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.07). The firm had revenue of $613.38 million for the quarter, compared to analysts’ expectations of $591.15 million. Stride had a net margin of 13.10% and a return on equity of 23.36%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.60 EPS. As a group, research analysts expect that Stride, Inc. will post 6.67 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LRN shares. Wall Street Zen upgraded shares of Stride from a “hold” rating to a “buy” rating in a report on Saturday, June 21st. Canaccord Genuity Group raised their price target on Stride from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Stride in a research note on Thursday, May 1st. William Blair reaffirmed an “outperform” rating on shares of Stride in a research note on Wednesday, April 30th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Stride in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.83.

Stride 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.