Bardin Hill Management Partners LP Makes New $1.44 Million Investment in PowerSchool Holdings, Inc. (NYSE:PWSC)

Bardin Hill Management Partners LP purchased a new stake in shares of PowerSchool Holdings, Inc. (NYSE:PWSC) in the 2nd quarter, HoldingsChannel reports. The fund purchased 64,275 shares of the company’s stock, valued at approximately $1,439,000. PowerSchool makes up about 0.6% of Bardin Hill Management Partners LP’s holdings, making the stock its 19th largest holding.

Other institutional investors have also modified their holdings of the company. Crossmark Global Holdings Inc. lifted its holdings in shares of PowerSchool by 2.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,948 shares of the company’s stock valued at $424,000 after purchasing an additional 530 shares during the last quarter. Park Avenue Securities LLC grew its position in PowerSchool by 6.3% during the 1st quarter. Park Avenue Securities LLC now owns 11,868 shares of the company’s stock worth $253,000 after purchasing an additional 703 shares during the last quarter. Park Place Capital Corp increased its stake in PowerSchool by 106.8% during the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after purchasing an additional 773 shares in the last quarter. Comerica Bank raised its holdings in shares of PowerSchool by 111.8% in the first quarter. Comerica Bank now owns 1,493 shares of the company’s stock worth $32,000 after buying an additional 788 shares during the last quarter. Finally, Covestor Ltd raised its stake in PowerSchool by 353.4% in the 1st quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $27,000 after acquiring an additional 1,000 shares during the last quarter. 65.29% of the stock is currently owned by institutional investors.

PowerSchool Stock Down 0.2 %

Shares of PWSC opened at $22.81 on Wednesday. The stock has a 50 day moving average price of $22.68 and a 200 day moving average price of $21.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of -95.04 and a beta of 1.05. PowerSchool Holdings, Inc. has a one year low of $16.15 and a one year high of $25.16.

PowerSchool (NYSE:PWSC) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). PowerSchool had a positive return on equity of 6.10% and a negative net margin of 7.51%. The business had revenue of $191.59 million during the quarter, compared to analysts’ expectations of $195.32 million. During the same period in the prior year, the business posted $0.23 earnings per share. The business’s quarterly revenue was up 10.2% on a year-over-year basis. Equities research analysts forecast that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Insider Buying and Selling at PowerSchool

In other news, insider Shivani Stumpf sold 2,088 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $22.79, for a total transaction of $47,585.52. Following the completion of the transaction, the insider now directly owns 277,489 shares in the company, valued at approximately $6,323,974.31. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Eric Ryan Shander sold 4,800 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $22.77, for a total transaction of $109,296.00. Following the completion of the transaction, the chief financial officer now directly owns 417,747 shares in the company, valued at approximately $9,512,099.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shivani Stumpf sold 2,088 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $22.79, for a total transaction of $47,585.52. Following the sale, the insider now directly owns 277,489 shares in the company, valued at approximately $6,323,974.31. The disclosure for this sale can be found here. Insiders have sold 115,329 shares of company stock worth $2,610,002 over the last quarter. 0.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Baird R W lowered shares of PowerSchool from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 7th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $22.80 target price (down from $25.00) on shares of PowerSchool in a research note on Friday, June 7th. Piper Sandler restated a “neutral” rating and set a $22.80 price target (down previously from $24.00) on shares of PowerSchool in a research report on Friday, June 7th. William Blair reissued a “market perform” rating on shares of PowerSchool in a research note on Friday, June 7th. Finally, Raymond James lowered PowerSchool from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 11th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $24.02.

About PowerSchool

PowerSchool Holdings, Inc, together with its subsidiaries, offers cloud-based software to the K-12 education market in the United States, Canada, and internationally. Its solution embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts.