PowerSchool Holdings, Inc. (NYSE:PWSC) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC reduced its holdings in PowerSchool Holdings, Inc. (NYSE:PWSC) by 22.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,513,478 shares of the company’s stock after selling 430,518 shares during the quarter. TimesSquare Capital Management LLC’s holdings in PowerSchool were worth $32,222,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PWSC. Vanguard Group Inc. lifted its holdings in PowerSchool by 38.3% in the fourth quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock valued at $224,089,000 after acquiring an additional 2,634,169 shares during the period. Wellington Management Group LLP increased its holdings in shares of PowerSchool by 8.9% in the 3rd quarter. Wellington Management Group LLP now owns 7,101,238 shares of the company’s stock valued at $160,914,000 after purchasing an additional 580,969 shares in the last quarter. Wasatch Advisors LP lifted its stake in shares of PowerSchool by 12.7% in the first quarter. Wasatch Advisors LP now owns 3,932,460 shares of the company’s stock valued at $83,722,000 after purchasing an additional 442,340 shares during the period. Riverbridge Partners LLC grew its position in PowerSchool by 59.5% during the first quarter. Riverbridge Partners LLC now owns 2,508,871 shares of the company’s stock worth $53,414,000 after buying an additional 935,648 shares during the period. Finally, Mackenzie Financial Corp grew its position in PowerSchool by 2.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,823,474 shares of the company’s stock worth $42,961,000 after buying an additional 50,094 shares during the period. 65.29% of the stock is currently owned by hedge funds and other institutional investors.

PowerSchool Trading Down 0.4 %

Shares of NYSE:PWSC traded down $0.09 during midday trading on Friday, reaching $22.41. The company’s stock had a trading volume of 3,807,807 shares, compared to its average volume of 2,256,798. The business has a 50 day moving average price of $21.26 and a 200 day moving average price of $21.60. PowerSchool Holdings, Inc. has a 1 year low of $16.15 and a 1 year high of $25.16. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of -93.38 and a beta of 1.06. 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 posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). The business had revenue of $184.97 million during the quarter, compared to analysts’ expectations of $184.45 million. PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. Research analysts forecast that PowerSchool Holdings, Inc. will post 0.5 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Eric Ryan Shander sold 30,914 shares of PowerSchool stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $22.51, for a total value of $695,874.14. Following the transaction, the chief financial officer now owns 462,650 shares in the company, valued at $10,414,251.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Eric Ryan Shander sold 30,914 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $22.51, for a total value of $695,874.14. Following the transaction, the chief financial officer now owns 462,650 shares in the company, valued at $10,414,251.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shivani Stumpf sold 1,295 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $22.33, for a total transaction of $28,917.35. Following the sale, the insider now owns 289,555 shares of the company’s stock, valued at $6,465,763.15. The disclosure for this sale can be found here. Insiders have sold a total of 302,508 shares of company stock valued at $6,538,403 over the last quarter. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PWSC shares. Macquarie cut PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price target on the stock. in a report on Monday, June 10th. UBS Group dropped their price target on PowerSchool from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Raymond James lowered shares of PowerSchool from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 11th. Jefferies Financial Group restated a “hold” rating and set a $22.80 target price (down from $30.00) on shares of PowerSchool in a report on Monday, June 10th. Finally, Barclays reduced their price target 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. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.52.

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.