Wasatch Advisors LP Increases Stock Position in PowerSchool Holdings, Inc. (NYSE:PWSC)

Wasatch Advisors LP grew its position in PowerSchool Holdings, Inc. (NYSE:PWSC) by 12.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,932,460 shares of the company’s stock after purchasing an additional 442,340 shares during the period. Wasatch Advisors LP owned about 1.94% of PowerSchool worth $83,722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Capital Management LLC raised its holdings 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 valued at $488,000 after purchasing an additional 618 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of PowerSchool by 6.3% in the first quarter. Park Avenue Securities LLC now owns 11,868 shares of the company’s stock valued at $253,000 after purchasing an additional 703 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of PowerSchool by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock valued at $54,000 after purchasing an additional 746 shares during the last quarter. Park Place Capital Corp raised its holdings in shares of PowerSchool by 106.8% in the first quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after purchasing an additional 773 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in PowerSchool by 12.8% during the fourth quarter. Benjamin Edwards Inc. now owns 8,351 shares of the company’s stock worth $197,000 after buying an additional 947 shares during the last quarter. Hedge funds and other institutional investors own 65.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PWSC. Raymond James downgraded shares of PowerSchool from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. UBS Group decreased their price objective on shares of PowerSchool from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. William Blair restated a “market perform” rating on shares of PowerSchool in a report on Friday, June 7th. Cantor Fitzgerald restated a “neutral” rating and set a $22.80 price objective (down previously from $25.00) on shares of PowerSchool in a report on Friday, June 7th. Finally, Jefferies Financial Group restated a “hold” rating and set a $22.80 price objective (down previously from $30.00) on shares of PowerSchool in a report on Monday, June 10th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $24.52.

Insider Activity at PowerSchool

In related news, CEO Hardeep Gulati sold 8,897 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $20.65, for a total value of $183,723.05. Following the sale, the chief executive officer now directly owns 1,953,040 shares of the company’s stock, valued at $40,330,276. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Hardeep Gulati sold 8,897 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $20.65, for a total value of $183,723.05. Following the sale, the chief executive officer now directly owns 1,953,040 shares of the company’s stock, valued at $40,330,276. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shivani Stumpf sold 1,295 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $22.33, for a total transaction of $28,917.35. Following the completion of the sale, the insider now directly owns 289,555 shares in the company, valued at $6,465,763.15. The disclosure for this sale can be found here. Insiders have sold 316,487 shares of company stock valued at $6,782,745 over the last three months. 0.60% of the stock is owned by corporate insiders.

PowerSchool Price Performance

Shares of PWSC stock traded down $0.02 during trading hours on Tuesday, reaching $22.38. The stock had a trading volume of 779,409 shares, compared to its average volume of 1,487,240. The stock’s fifty day simple moving average is $20.42 and its 200 day simple moving average is $21.64. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. PowerSchool Holdings, Inc. has a 12 month low of $16.15 and a 12 month high of $25.16. The firm has a market capitalization of $4.56 billion, a PE ratio of -93.25 and a beta of 1.06.

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

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.