Thematics Asset Management Buys 7,729 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC)

Thematics Asset Management raised its stake in PowerSchool Holdings, Inc. (NYSE:PWSC) by 6.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 119,625 shares of the company’s stock after buying an additional 7,729 shares during the quarter. Thematics Asset Management’s holdings in PowerSchool were worth $2,818,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Lord Abbett & CO. LLC lifted its position in shares of PowerSchool by 1.7% in the third quarter. Lord Abbett & CO. LLC now owns 34,776 shares of the company’s stock worth $788,000 after purchasing an additional 567 shares in the last quarter. Janney Capital Management LLC lifted its position in shares of PowerSchool by 3.1% in the fourth quarter. Janney Capital Management LLC now owns 20,700 shares of the company’s stock worth $488,000 after purchasing an additional 618 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of PowerSchool by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock worth $54,000 after purchasing an additional 746 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of PowerSchool by 12.8% in the fourth quarter. Benjamin Edwards Inc. now owns 8,351 shares of the company’s stock worth $197,000 after purchasing an additional 947 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of PowerSchool by 10.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,076 shares of the company’s stock worth $285,000 after purchasing an additional 1,163 shares in the last quarter. Institutional investors own 65.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PWSC. Cantor Fitzgerald reissued a “neutral” rating and issued a $22.80 price objective (down previously from $25.00) on shares of PowerSchool in a research report on Friday. William Blair restated a “market perform” rating on shares of PowerSchool in a report on Friday. Barclays lowered their target price on shares of PowerSchool from $28.00 to $23.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Needham & Company LLC restated a “hold” rating on shares of PowerSchool in a report on Friday. Finally, Robert W. Baird restated a “neutral” rating and set a $23.00 target price (down from $26.00) on shares of PowerSchool in a report on Friday. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.98.

Insiders Place Their Bets

In other news, CEO Hardeep Gulati sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $21.04, for a total value of $29,456.00. Following the sale, the chief executive officer now directly owns 2,059,216 shares in the company, valued at approximately $43,325,904.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CRO Anthony Kender sold 6,165 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $22.23, for a total value of $137,047.95. Following the completion of the transaction, the executive now owns 253,607 shares in the company, valued at approximately $5,637,683.61. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Hardeep Gulati sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $21.04, for a total transaction of $29,456.00. Following the completion of the transaction, the chief executive officer now owns 2,059,216 shares of the company’s stock, valued at approximately $43,325,904.64. The disclosure for this sale can be found here. Insiders have sold 356,103 shares of company stock worth $7,499,454 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

PowerSchool Stock Performance

Shares of PowerSchool stock traded up $0.09 during trading on Friday, reaching $22.46. The company’s stock had a trading volume of 25,086,243 shares, compared to its average volume of 1,420,721. The business’s 50-day moving average price is $19.57 and its 200-day moving average price is $21.69. The firm has a market cap of $4.57 billion, a PE ratio of -93.58 and a beta of 1.06. PowerSchool Holdings, Inc. has a 52 week low of $16.15 and a 52 week high of $25.16. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.46.

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

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.