Robert W. Baird Boosts Grand Canyon Education (NASDAQ:LOPE) Price Target to $170.00

Grand Canyon Education (NASDAQ:LOPE) had its target price raised by Robert W. Baird from $165.00 to $170.00 in a research report sent to investors on Wednesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Separately, Barrington Research reaffirmed an outperform rating and set a $160.00 price objective on shares of Grand Canyon Education in a research note on Thursday, April 18th.

Grand Canyon Education Stock Performance

NASDAQ:LOPE opened at $147.08 on Wednesday. The firm’s fifty day moving average is $133.28 and its two-hundred day moving average is $132.36. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 1.19 and a beta of 0.60. Grand Canyon Education has a one year low of $99.65 and a one year high of $156.56.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Tuesday, May 7th. The company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.13. The firm had revenue of $274.68 million for the quarter, compared to the consensus estimate of $272.42 million. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.00 earnings per share. As a group, equities research analysts predict that Grand Canyon Education will post 7.65 earnings per share for the current fiscal year.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $132.65, for a total value of $198,975.00. Following the completion of the transaction, the chief technology officer now owns 25,674 shares of the company’s stock, valued at approximately $3,405,656.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Grand Canyon Education

Several institutional investors and hedge funds have recently added to or reduced their stakes in LOPE. Treasurer of the State of North Carolina grew its position in shares of Grand Canyon Education by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 19,049 shares of the company’s stock valued at $2,226,000 after purchasing an additional 85 shares during the period. Wealth Alliance lifted its stake in Grand Canyon Education by 3.9% in the 4th quarter. Wealth Alliance now owns 2,277 shares of the company’s stock valued at $301,000 after buying an additional 85 shares in the last quarter. Riverwater Partners LLC boosted its holdings in Grand Canyon Education by 0.7% in the 4th quarter. Riverwater Partners LLC now owns 12,597 shares of the company’s stock worth $1,663,000 after buying an additional 89 shares during the last quarter. Intech Investment Management LLC increased its stake in Grand Canyon Education by 4.8% during the 4th quarter. Intech Investment Management LLC now owns 2,078 shares of the company’s stock worth $274,000 after buying an additional 96 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Grand Canyon Education by 15.2% during the third quarter. Signaturefd LLC now owns 1,075 shares of the company’s stock valued at $126,000 after acquiring an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.