PowerSchool (NYSE:PWSC) Sees Large Volume Increase

PowerSchool Holdings, Inc. (NYSE:PWSC) saw unusually-strong trading volume on Thursday . Approximately 513,886 shares traded hands during trading, a decline of 25% from the previous session’s volume of 684,098 shares.The stock last traded at $16.69 and had previously closed at $16.83.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PWSC shares. TheStreet downgraded shares of PowerSchool from a “b-” rating to a “c” rating in a research report on Monday, January 29th. Piper Sandler reaffirmed an “overweight” rating and set a $29.00 price target on shares of PowerSchool in a report on Tuesday, April 23rd. Finally, The Goldman Sachs Group raised their price target on shares of PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.67.

PowerSchool Stock Performance

The company has a market cap of $3.36 billion, a P/E ratio of -87.26, a PEG ratio of 0.49 and a beta of 0.98. The business’s 50 day simple moving average is $19.96 and its 200 day simple moving average is $21.82. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46.

PowerSchool (NYSE:PWSC) last released its quarterly earnings data on Monday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). PowerSchool had a negative net margin of 4.46% and a positive return on equity of 6.08%. The company had revenue of $182.14 million for the quarter, compared to the consensus estimate of $183.35 million. Sell-side analysts predict that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Activity at PowerSchool

In other PowerSchool news, CEO Hardeep Gulati sold 15,307 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $20.75, for a total transaction of $317,620.25. Following the completion of the transaction, the chief executive officer now directly owns 2,141,451 shares of the company’s stock, valued at approximately $44,435,108.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Eric Ryan Shander sold 3,047 shares of PowerSchool stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total transaction of $61,854.10. Following the completion of the transaction, the chief financial officer now directly owns 492,191 shares of the company’s stock, valued at approximately $9,991,477.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Hardeep Gulati sold 15,307 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $20.75, for a total transaction of $317,620.25. Following the sale, the chief executive officer now directly owns 2,141,451 shares in the company, valued at $44,435,108.25. The disclosure for this sale can be found here. Insiders sold 182,706 shares of company stock valued at $3,818,727 in the last three months. 0.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in PowerSchool by 38.3% in the 4th quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock worth $224,089,000 after acquiring an additional 2,634,169 shares in the last quarter. Wellington Management Group LLP raised its position in shares of PowerSchool by 8.9% during the 3rd quarter. Wellington Management Group LLP now owns 7,101,238 shares of the company’s stock worth $160,914,000 after purchasing an additional 580,969 shares during the last quarter. Wasatch Advisors LP boosted its holdings in PowerSchool by 12.7% in the 1st quarter. Wasatch Advisors LP now owns 3,932,460 shares of the company’s stock worth $83,722,000 after buying an additional 442,340 shares during the last quarter. Blair William & Co. IL increased its stake in PowerSchool by 8.1% during the 3rd quarter. Blair William & Co. IL now owns 3,310,993 shares of the company’s stock worth $75,027,000 after buying an additional 248,612 shares in the last quarter. Finally, Riverbridge Partners LLC raised its holdings in shares of PowerSchool by 59.5% during the first quarter. Riverbridge Partners LLC now owns 2,508,871 shares of the company’s stock valued at $53,414,000 after acquiring an additional 935,648 shares during the last quarter. Institutional investors and hedge funds own 65.29% of the company’s stock.

PowerSchool Company 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.