Raymond James Financial Inc. Invests $10.26 Million in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Raymond James Financial Inc. purchased a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 62,648 shares of the company’s stock, valued at approximately $10,262,000. Raymond James Financial Inc. owned about 0.21% of Grand Canyon Education at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Grand Canyon Education during the 4th quarter valued at $27,000. True Wealth Design LLC bought a new position in shares of Grand Canyon Education during the 3rd quarter valued at $31,000. Financial Life Planners bought a new position in shares of Grand Canyon Education during the 4th quarter valued at $37,000. Versant Capital Management Inc grew its holdings in shares of Grand Canyon Education by 66.0% during the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock valued at $69,000 after purchasing an additional 167 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Grand Canyon Education during the 3rd quarter valued at $86,000. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Trading Down 0.8 %

NASDAQ:LOPE opened at $168.82 on Friday. The company has a 50-day moving average price of $175.06 and a 200-day moving average price of $159.89. Grand Canyon Education, Inc. has a 12 month low of $126.17 and a 12 month high of $192.18. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 21.81, a P/E/G ratio of 1.42 and a beta of 0.78.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The firm had revenue of $292.57 million during the quarter, compared to analysts’ expectations of $289.62 million. Equities analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. BMO Capital Markets increased their price target on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. Finally, Barrington Research increased their price target on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th.

Grand Canyon Education Profile

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.