Artemis Investment Management LLP has recently increased its stake in PowerSchool Holdings, Inc. (NYSE:PWSC) by 10.2% during the second quarter, according to their latest Form 13F filing with the Securities and Exchange Commission. The company now holds a total of 56,716 shares after acquiring an additional 5,244 shares during this period. With this increase, Artemis Investment Management LLP’s holdings in PowerSchool are valued at $1,085,000 at the end of the most recent quarter.
On Friday, PowerSchool stock opened at $22.37. The company’s 50-day moving average price stands at $22.14 while the 200-day moving average price is recorded as $20.33. It is worth noting that PowerSchool has a debt-to-equity ratio of 0.42 and both its current ratio and quick ratio are calculated as 0.47.
Over the past year, PowerSchool Holdings, Inc. has seen a range in its stock performance from a low of $15.60 to a high of $26.05.
Artemis Investment Management LLP’s decision to increase their stake in PowerSchool is indicative of their confidence in the company’s future prospects. As an institutional investor, Artemis’s strategic move suggests a positive outlook on PowerSchool’s financial performance and potential growth opportunities.
PowerSchool Holdings specializes in educational technology solutions that aim to empower teachers and students with innovative tools for academic management and learning enhancement.Researching further into these areas will offer investors deeper insight into how PowerSchool operates within the education sector and evaluates its competitive positioning amongst industry peers.
As always when analyzing any investment opportunity, it is essential for prospective shareholders to conduct thorough research and consider factors beyond just current stock prices before making any investment decisions.
It remains important for investors to stay abreast of any updates or announcements made by PowerSchool Holdings or any other companies they may be invested in. The stock market is a dynamic environment subject to various economic and industry-specific factors, making it crucial to maintain an informed approach when navigating investment opportunities.
In conclusion, Artemis Investment Management LLP’s recent increase in stake reflects their confidence in PowerSchool Holdings, Inc.’s future potential. As an investor, it is advisable to remain attentive to developments within the company and closely monitor any changes in the broader market that could impact the stock’s performance.
PowerSchool Attracts Institutional Investors and Hedge Funds, Insider Selling Amidst Positive Financial Performance
PowerSchool, a renowned educational technology company, has been witnessing significant activity from institutional investors and hedge funds. Tower Research Capital LLC TRC notably increased its stake in PowerSchool by a staggering 262.4% during the first quarter of this year. The firm now owns 1,348 shares of PowerSchool’s stock, valued at $27,000, after acquiring an additional 976 shares in the last quarter.
Another notable investor, Orion Capital Management LLC, also purchased shares of PowerSchool for $28,000 during the first quarter. This demonstrates the growing interest among institutional investors in the company and its potential for future growth.
Royal Bank of Canada is another key player that has seen growth in its stake in PowerSchool. The bank experienced a 63.5% increase in its stake during the third quarter and now owns 2,135 shares of the company’s stock valued at $35,000.
Allspring Global Investments Holdings LLC also demonstrated confidence in PowerSchool by increasing their position by 62.7% during the first quarter. They now own 3,792 shares valued at $75,000.
Additionally, Zurcher Kantonalbank Zurich Cantonalbank entered as a new shareholder during the second quarter with a stake worth $92,000.
Overall, hedge funds and other institutional investors currently own approximately 65.29% of PowerSchool’s stock. This indicates significant confidence in the company’s performance and future prospects.
In other news concerning PowerSchool, CEO Hardeep Gulati recently sold a considerable number of shares. On Tuesday, September 19th alone, Gulati sold 30,574 shares at an average price of $21.70 each for a total value of $663,455.80. Following this sale transaction with the Securities and Exchange Commission (SEC), Gulati still retains ownership of approximately 2,284,164 shares worth around $49,566358
Another insider, Chief Accounting Officer Angelina Hendraka, sold 3,657 shares on Wednesday, August 2nd. The shares were sold at an average price of $22.76, totaling $83,233.32. Following this transaction, Hendraka now owns 124,687 shares of the company worth approximately $2,837,876.12.
In the past quarter alone, insiders have sold a total of 80,685 shares valued at $1,738,153. It is important to note that insiders currently own 1.10% of PowerSchool’s outstanding stock.
When it comes to financial performance, PowerSchool reported earnings per share (EPS) of $0.14 for the last quarter—meeting analysts’ consensus estimates. The company generated revenue of $173.90 million during the period compared to expectations of $171.28 million by analysts.
PowerSchool also displayed a negative net margin of 2.92% but maintained a positive return on equity (RoE) of 7.17%. Analysts anticipate that PowerSchool Holdings will post earnings per share of $0.51 for the current year.
Notably, various equities analysts have shared their perspectives on PowerSchool’s stock recently. The Goldman Sachs Group raised their price target from $24.00 to $27.00 and assigned a “buy” rating to the company in a research report on August 8th.
Piper Sandler reaffirmed an “overweight” rating and set a price target at $27.00 in their assessment of PowerSchool’s prospects on September 21st.
Barclays also upgraded their target price from $26.00 to $28.00 and assigned an “overweight” rating to the stock on September 15th.
Furthermore, TheStreet upgraded PowerSchool from a “d” rating to a “c” rating on August 17th.
Lastly, Needham & Company LLC reiterated their “buy” rating and a target price of $26.00 for PowerSchool shares on September 15th.
With one hold rating and ten buy ratings from analysts, PowerSchool’s stock has an average rating of “Moderate Buy” according to Bloomberg data. The consensus target price stands at $27.55, indicating positive sentiment in the market regarding the company’s future performance and growth potential.
As of September 30, 2023, investors remain intrigued by PowerSchool’s progress, acquisition of shares by institutional investors and hedge funds further demonstrate their confidence in the company’s potential for future success. The recent news of CEO Hardeep Gulati and CAO Angelina Hendraka selling some shares should be viewed within the broader context of insider trading activity. Moreover, PowerSchool’s financial performance aligns with analysts’ expectations, fostering an optimistic outlook for the company’s profitability in the current fiscal year.