PowerSchool (NYSE:PWSC) Sees Strong Trading Volume

Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) saw an uptick in trading volume on Friday . 1,098,680 shares were traded during mid-day trading, a decline of 23% from the previous session’s volume of 1,418,917 shares.The stock last traded at $22.32 and had previously closed at $22.33.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PWSC. Cantor Fitzgerald reissued 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. William Blair reaffirmed a “market perform” rating on shares of PowerSchool in a research note on Friday, June 7th. The Goldman Sachs Group upped their price objective on PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Piper Sandler reaffirmed a “neutral” rating and issued a $22.80 price objective (down previously from $24.00) on shares of PowerSchool in a research note on Friday, June 7th. Finally, Baird R W downgraded PowerSchool from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 7th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, PowerSchool presently has an average rating of “Hold” and a consensus target price of $24.52.

PowerSchool Price Performance

The firm has a market cap of $4.55 billion, a price-to-earnings ratio of -93.00 and a beta of 1.06. 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’s 50-day simple moving average is $19.81 and its two-hundred day simple moving average is $21.66.

PowerSchool (NYSE:PWSC) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company 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%. As a group, research analysts expect that PowerSchool Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Insider Transactions at PowerSchool

In related news, CEO Hardeep Gulati sold 1,400 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $21.04, for a total value of $29,456.00. Following the transaction, the chief executive officer now directly owns 2,059,216 shares in the company, valued at approximately $43,325,904.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Eric Ryan Shander sold 3,250 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $20.87, for a total value of $67,827.50. Following the transaction, the chief financial officer now directly owns 488,941 shares in the company, valued at approximately $10,204,198.67. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Hardeep Gulati sold 1,400 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $21.04, for a total value of $29,456.00. Following the completion of the transaction, the chief executive officer now owns 2,059,216 shares in the company, valued at $43,325,904.64. The disclosure for this sale can be found here. Insiders sold a total of 300,105 shares of company stock valued at $6,322,664 in the last quarter. 0.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PowerSchool

A number of large investors have recently modified their holdings of the company. Swiss National Bank lifted its stake in PowerSchool by 1.3% during the 3rd quarter. Swiss National Bank now owns 125,400 shares of the company’s stock valued at $2,842,000 after acquiring an additional 1,600 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in PowerSchool by 18.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 26,833 shares of the company’s stock valued at $608,000 after acquiring an additional 4,195 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in PowerSchool by 30.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,430 shares of the company’s stock valued at $9,957,000 after acquiring an additional 101,955 shares in the last quarter. Rhumbline Advisers lifted its stake in PowerSchool by 2.3% during the 3rd quarter. Rhumbline Advisers now owns 78,700 shares of the company’s stock valued at $1,783,000 after acquiring an additional 1,745 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in PowerSchool by 38.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,137 shares of the company’s stock valued at $320,000 after acquiring an additional 3,929 shares in the last quarter. 65.29% of the stock is currently owned by institutional investors.

About PowerSchool

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.