Natixis Investment Managers International Increases Stock Position in PowerSchool Holdings, Inc. (NYSE:PWSC)

Natixis Investment Managers International boosted its stake in PowerSchool Holdings, Inc. (NYSE:PWSC) by 77.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,260 shares of the company’s stock after purchasing an additional 1,419 shares during the quarter. Natixis Investment Managers International’s holdings in PowerSchool were worth $69,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of PWSC. Vanguard Group Inc. boosted its holdings in PowerSchool by 0.3% in the first quarter. Vanguard Group Inc. now owns 9,540,806 shares of the company’s stock valued at $203,124,000 after acquiring an additional 29,390 shares in the last quarter. Blair William & Co. IL increased its holdings in PowerSchool by 17.8% in the 1st quarter. Blair William & Co. IL now owns 3,946,379 shares of the company’s stock worth $84,018,000 after buying an additional 597,521 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of PowerSchool by 12.7% during the 1st 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 stake in shares of PowerSchool by 59.5% during the 1st quarter. Riverbridge Partners LLC now owns 2,508,871 shares of the company’s stock valued at $53,414,000 after purchasing an additional 935,648 shares during the period. Finally, Mackenzie Financial Corp grew its stake in shares of PowerSchool by 2.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,823,474 shares of the company’s stock valued at $42,961,000 after purchasing an additional 50,094 shares during the period. 65.29% of the stock is currently owned by institutional investors.

Insider Activity

In other PowerSchool news, insider Shivani Stumpf sold 1,295 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 289,555 shares of the company’s stock, valued at $6,465,763.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Shivani Stumpf sold 1,295 shares of PowerSchool stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $22.33, for a total value of $28,917.35. Following the completion of the sale, the insider now owns 289,555 shares of the company’s stock, valued at $6,465,763.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Hardeep Gulati sold 3,800 shares of PowerSchool stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $19.01, for a total value of $72,238.00. Following the completion of the transaction, the chief executive officer now owns 1,901,867 shares in the company, valued at approximately $36,154,491.67. The disclosure for this sale can be found here. Insiders sold 331,708 shares of company stock valued at $7,195,695 in the last three months. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PWSC. Macquarie downgraded PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price objective for the company. in a research note on Monday, June 10th. Piper Sandler reaffirmed a “neutral” rating and set a $22.80 price objective (down from $24.00) on shares of PowerSchool in a report on Friday, June 7th. William Blair reaffirmed a “market perform” rating on shares of PowerSchool in a report on Friday, June 7th. Barclays decreased their price target on PowerSchool from $28.00 to $23.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PowerSchool in a research note on Friday, June 7th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.52.

PowerSchool Stock Down 0.0 %

Shares of PWSC traded down $0.01 during mid-day trading on Thursday, reaching $22.55. The company’s stock had a trading volume of 1,425,401 shares, compared to its average volume of 1,533,078. PowerSchool Holdings, Inc. has a 12-month low of $16.15 and a 12-month high of $25.16. The stock has a market cap of $4.59 billion, a PE ratio of -93.96 and a beta of 1.06. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.24 and a quick ratio of 0.24. The company’s 50 day moving average is $22.05 and its 200 day moving average is $21.55.

PowerSchool (NYSE:PWSC) last announced its earnings results 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 during the quarter, compared to analyst estimates of $184.45 million. PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. Equities analysts anticipate that PowerSchool Holdings, Inc. will post 0.5 EPS for the current fiscal 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.