RK Capital Management LLC Raises Stake in PowerSchool Holdings, Inc. (NYSE:PWSC)

RK Capital Management LLC grew its holdings in PowerSchool Holdings, Inc. (NYSE:PWSC) by 3.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 205,000 shares of the company’s stock after buying an additional 7,600 shares during the period. RK Capital Management LLC owned 0.10% of PowerSchool worth $4,830,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Premier Fund Managers Ltd grew its position in PowerSchool by 46.1% in the 4th quarter. Premier Fund Managers Ltd now owns 16,988 shares of the company’s stock valued at $405,000 after buying an additional 5,363 shares during the last quarter. Evoke Wealth LLC purchased a new position in PowerSchool during the fourth quarter worth about $2,013,000. 1492 Capital Management LLC lifted its position in PowerSchool by 0.9% in the fourth quarter. 1492 Capital Management LLC now owns 179,774 shares of the company’s stock valued at $4,235,000 after purchasing an additional 1,687 shares during the period. Quest Partners LLC purchased a new stake in PowerSchool in the 4th quarter valued at approximately $211,000. Finally, Corient Private Wealth LLC increased its position in PowerSchool by 10.9% during the 4th quarter. Corient Private Wealth LLC now owns 20,180 shares of the company’s stock worth $475,000 after purchasing an additional 1,991 shares during the period. Hedge funds and other institutional investors own 65.29% of the company’s stock.

PowerSchool Price Performance

Shares of PWSC stock traded down $0.08 during trading hours on Monday, hitting $21.36. The company’s stock had a trading volume of 1,860,523 shares, compared to its average volume of 924,567. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $19.46 and a 200-day moving average of $21.69. PowerSchool Holdings, Inc. has a twelve month low of $16.15 and a twelve month high of $25.16. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of -88.92 and a beta of 1.06.

PowerSchool (NYSE:PWSC) last announced its earnings results on Tuesday, May 7th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. The company had revenue of $184.97 million for the quarter, compared to analyst estimates of $184.45 million. As a group, equities research analysts anticipate that PowerSchool Holdings, Inc. will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

PWSC has been the subject of several recent analyst reports. Barclays reduced their price target on PowerSchool from $28.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Piper Sandler decreased their target price on shares of PowerSchool from $29.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. Raymond James reiterated an “outperform” rating on shares of PowerSchool in a report on Monday, May 20th. Needham & Company LLC reissued a “buy” rating and set a $26.00 price objective on shares of PowerSchool in a report on Tuesday, May 14th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $25.00 target price on shares of PowerSchool in a report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.44.

Insider Buying and Selling at PowerSchool

In related news, CEO Hardeep Gulati sold 6,171 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $21.33, for a total transaction of $131,627.43. Following the transaction, the chief executive officer now owns 1,905,667 shares of the company’s stock, valued at $40,647,877.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Hardeep Gulati sold 6,171 shares of PowerSchool stock in a transaction on Monday, April 8th. The stock was sold at an average price of $21.33, for a total value of $131,627.43. Following the completion of the sale, the chief executive officer now owns 1,905,667 shares of the company’s stock, valued at $40,647,877.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Eric Ryan Shander sold 3,280 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $20.65, for a total value of $67,732.00. Following the completion of the sale, the chief financial officer now directly owns 475,868 shares in the company, valued at $9,826,674.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 259,340 shares of company stock worth $5,394,253. Corporate insiders own 0.60% of the company’s stock.

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.