Arizona State Retirement System Has $358,000 Holdings in Sterling Check Corp. (NASDAQ:STER)

Arizona State Retirement System raised its holdings in shares of Sterling Check Corp. (NASDAQ:STER – Get Rating) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,112 shares of the company’s stock after buying an additional 877 shares during the quarter. Arizona State Retirement System’s holdings in Sterling Check were worth $358,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of Sterling Check by 36.0% in the first quarter. Envestnet Asset Management Inc. now owns 13,659 shares of the company’s stock valued at $361,000 after purchasing an additional 3,617 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Sterling Check by 18.5% in the first quarter. JPMorgan Chase & Co. now owns 11,828 shares of the company’s stock valued at $312,000 after purchasing an additional 1,848 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Sterling Check by 18.8% in the first quarter. Bank of New York Mellon Corp now owns 48,742 shares of the company’s stock valued at $1,288,000 after purchasing an additional 7,715 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Sterling Check by 55.4% in the first quarter. MetLife Investment Management LLC now owns 11,322 shares of the company’s stock valued at $299,000 after purchasing an additional 4,037 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Sterling Check by 37.2% in the first quarter. Rhumbline Advisers now owns 18,202 shares of the company’s stock valued at $481,000 after purchasing an additional 4,939 shares in the last quarter. 85.45% of the stock is currently owned by institutional investors and hedge funds.

Sterling Check Stock Up 0.5 %

Shares of Sterling Check stock opened at $12.39 on Monday. The business’s 50 day simple moving average is $11.28 and its 200 day simple moving average is $13.10. Sterling Check Corp. has a 52-week low of $10.57 and a 52-week high of $23.36. The firm has a market cap of $1.21 billion, a PE ratio of 88.50 and a beta of 0.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.74 and a current ratio of 1.74.

Sterling Check (NASDAQ:STER – Get Rating) last announced its earnings results on Thursday, March 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). Sterling Check had a net margin of 1.83% and a return on equity of 11.17%. The firm had revenue of $169.92 million during the quarter, compared to analyst estimates of $178.48 million. On average, analysts predict that Sterling Check Corp. will post 0.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on STER. Morgan Stanley dropped their price objective on Sterling Check from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, March 3rd. The Goldman Sachs Group dropped their price objective on Sterling Check from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, April 12th. Stifel Nicolaus dropped their price objective on Sterling Check from $19.00 to $18.00 in a research note on Wednesday, May 10th. Finally, Needham & Company LLC cut Sterling Check from a “buy” rating to a “hold” rating in a report on Friday, February 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.86.

Sterling Check Company Profile

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Sterling Check Corp. provides technology-enabled background and identity verification services in the United States, Canada, Europe, the Middle East and Africa, and the Asia Pacific. The company offers identity verification services, such as telecom and device verification, identification document verification, facial recognition with biometric matching, social security number verification, and live video chat identification proofing; fingerprinting; background checks, including criminal record checks, sex offender registries, civil court records, motor vehicle and driving license records, executive investigations, credit reports, social media searches, and contingent workforce solutions; liens, judgments, and bankruptcies; and sanctions, risk, and compliance checks.