Congress Asset Management Co. Buys 43,829 Shares of Stride, Inc. (NYSE:LRN)

Congress Asset Management Co. raised its stake in shares of Stride, Inc. (NYSE:LRN) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 578,540 shares of the company’s stock after purchasing an additional 43,829 shares during the quarter. Congress Asset Management Co. owned 1.33% of Stride worth $60,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new stake in shares of Stride during the 3rd quarter worth $430,000. Robeco Institutional Asset Management B.V. bought a new stake in Stride during the fourth quarter worth about $340,000. Quest Partners LLC boosted its holdings in shares of Stride by 20,248.8% in the 3rd quarter. Quest Partners LLC now owns 8,343 shares of the company’s stock worth $712,000 after purchasing an additional 8,302 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Stride by 8,431.7% during the 3rd quarter. International Assets Investment Management LLC now owns 5,119 shares of the company’s stock valued at $437,000 after purchasing an additional 5,059 shares during the last quarter. Finally, Longboard Asset Management LP purchased a new position in shares of Stride during the 4th quarter valued at about $226,000. Institutional investors own 98.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LRN. Barrington Research upped their target price on Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Citigroup lifted their target price on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. StockNews.com lowered shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group lifted their price objective on Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, BMO Capital Markets increased their target price on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Stride presently has a consensus rating of “Moderate Buy” and an average target price of $116.83.

Stride Stock Performance

Shares of NYSE:LRN opened at $140.19 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 50-day moving average price of $116.77 and a 200-day moving average price of $97.15. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32. Stride, Inc. has a 12 month low of $54.81 and a 12 month high of $145.00.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. As a group, equities analysts anticipate that Stride, Inc. will post 6.67 EPS for the current year.

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.