Bardin Hill Management Partners LP Acquires Shares of 64,275 PowerSchool Holdings, Inc. (NYSE:PWSC)

Bardin Hill Management Partners LP acquired a new stake in PowerSchool Holdings, Inc. (NYSE:PWSC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 64,275 shares of the company's stock, valued at approximately $1,439,000. PowerSchool accounts for 0.6% of Bardin Hill Management Partners LP's investment portfolio, making the stock its 19th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Covestor Ltd raised its position in shares of PowerSchool by 353.4% in the first quarter. Covestor Ltd now owns 1,283 shares of the company's stock valued at $27,000 after buying an additional 1,000 shares during the last quarter. Park Place Capital Corp lifted its position in PowerSchool by 106.8% in 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 during the last quarter. Comerica Bank lifted its position in PowerSchool by 111.8% in the 1st quarter. Comerica Bank now owns 1,493 shares of the company's stock valued at $32,000 after purchasing an additional 788 shares during the last quarter. Natixis Investment Managers International raised its position in shares of PowerSchool by 77.1% during the 1st quarter. Natixis Investment Managers International now owns 3,260 shares of the company's stock worth $69,000 after buying an additional 1,419 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of PowerSchool by 15,274.1% in the 2nd quarter. Quest Partners LLC now owns 4,151 shares of the company's stock worth $93,000 after purchasing an additional 4,124 shares in the last quarter. 65.29% of the stock is currently owned by institutional investors and hedge funds.

PowerSchool Price Performance

PWSC stock remained flat at $22.81 during trading on Wednesday. PowerSchool Holdings, Inc. has a fifty-two week low of $16.15 and a fifty-two week high of $25.16. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.47. The stock has a market cap of $4.66 billion, a PE ratio of -95.04 and a beta of 1.05. The stock's fifty day moving average price is $22.69 and its two-hundred day moving average price is $21.41.

PowerSchool (NYSE:PWSC - Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). The business had revenue of $191.59 million during the quarter, compared to the consensus estimate of $195.32 million. PowerSchool had a negative net margin of 7.51% and a positive return on equity of 6.10%. The firm's revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS. Analysts predict that PowerSchool Holdings, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling at PowerSchool

In other PowerSchool news, CFO Eric Ryan Shander sold 30,914 shares of PowerSchool stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $22.51, for a total value of $695,874.14. Following the completion of the transaction, the chief financial officer now owns 462,650 shares of the company's stock, valued at $10,414,251.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Hardeep Gulati sold 29,750 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $22.77, for a total value of $677,407.50. Following the transaction, the chief executive officer now directly owns 1,631,768 shares in the company, valued at approximately $37,155,357.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Eric Ryan Shander sold 30,914 shares of the stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $22.51, for a total transaction of $695,874.14. Following the completion of the transaction, the chief financial officer now directly owns 462,650 shares in the company, valued at $10,414,251.50. The disclosure for this sale can be found here. Insiders sold a total of 115,329 shares of company stock worth $2,610,002 over the last three months. Corporate insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. William Blair reaffirmed a "market perform" rating on shares of PowerSchool in a report on Friday, June 7th. Baird R W lowered PowerSchool from a "strong-buy" rating to a "hold" rating in a report on Friday, June 7th. Jefferies Financial Group reiterated a "hold" rating and set a $22.80 target price (down previously from $30.00) on shares of PowerSchool in a research note on Monday, June 10th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $22.80 target price (down previously from $25.00) on shares of PowerSchool in a report on Friday, June 7th. Finally, Macquarie lowered PowerSchool from an "outperform" rating to a "neutral" rating and set a $22.80 target price for the company. in a research report on Monday, June 10th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, PowerSchool presently has a consensus rating of "Hold" and a consensus price target of $24.02.

PowerSchool Profile

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.