PowerSchool Holdings, Inc. (NYSE:PWSC) Shares Purchased by Riverbridge Partners LLC

Riverbridge Partners LLC increased its stake in shares of PowerSchool Holdings, Inc. (NYSE:PWSC - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,552,773 shares of the company's stock after purchasing an additional 97,643 shares during the quarter. Riverbridge Partners LLC owned 0.77% of PowerSchool worth $36,583,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PWSC. Tower Research Capital LLC TRC raised its stake in shares of PowerSchool by 262.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,348 shares of the company's stock worth $27,000 after buying an additional 976 shares during the last quarter. Orion Capital Management LLC purchased a new stake in PowerSchool during the 3rd quarter worth about $32,000. Fifth Third Bancorp purchased a new stake in PowerSchool in the 3rd quarter valued at about $35,000. Royal Bank of Canada grew its holdings in PowerSchool by 63.5% in the 3rd quarter. Royal Bank of Canada now owns 2,135 shares of the company's stock valued at $35,000 after buying an additional 829 shares during the period. Finally, Ameritas Investment Partners Inc. grew its holdings in PowerSchool by 39.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,631 shares of the company's stock valued at $89,000 after buying an additional 1,312 shares during the period. 65.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PowerSchool

In other news, CMO Fred Studer sold 6,065 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total value of $123,119.50. Following the completion of the sale, the chief marketing officer now directly owns 163,685 shares in the company, valued at approximately $3,322,805.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CMO Fred Studer sold 6,065 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total value of $123,119.50. Following the completion of the sale, the chief marketing officer now directly owns 163,685 shares in the company, valued at approximately $3,322,805.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Hardeep Gulati sold 15,307 shares of the business's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $20.75, for a total value of $317,620.25. Following the completion of the sale, the chief executive officer now owns 2,141,451 shares of the company's stock, valued at $44,435,108.25. The disclosure for this sale can be found here. Insiders have sold a total of 137,813 shares of company stock valued at $2,878,511 in the last three months. Corporate insiders own 1.10% of the company's stock.

PowerSchool Stock Up 0.3 %

Shares of PWSC traded up $0.06 during trading on Thursday, reaching $20.86. The company's stock had a trading volume of 798,019 shares, compared to its average volume of 595,011. The company has a fifty day moving average of $22.23 and a two-hundred day moving average of $22.32. PowerSchool Holdings, Inc. has a twelve month low of $16.41 and a twelve month high of $25.16. The company has a market cap of $4.23 billion, a price-to-earnings ratio of -109.79, a P/E/G ratio of 0.60 and a beta of 0.89. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46.

PowerSchool (NYSE:PWSC - Get Free Report) last announced its earnings results on Monday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.02). PowerSchool had a negative net margin of 4.46% and a positive return on equity of 6.08%. The business had revenue of $182.14 million during the quarter, compared to analyst estimates of $183.35 million. On average, sell-side analysts predict that PowerSchool Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PWSC. UBS Group lifted their price objective on PowerSchool from $24.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, December 15th. TheStreet lowered PowerSchool from a "b-" rating to a "c" rating in a research note on Monday, January 29th. The Goldman Sachs Group boosted their price target on PowerSchool from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, February 27th. Finally, Piper Sandler reissued an "overweight" rating and set a $29.00 price target on shares of PowerSchool in a research report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $27.67.

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.

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