AMI Asset Management Corp Has $3.91 Million Stock Holdings in PowerSchool Holdings, Inc. (NYSE:PWSC)

AMI Asset Management Corp lessened its position in PowerSchool Holdings, Inc. (NYSE:PWSC) by 18.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 183,526 shares of the company’s stock after selling 41,158 shares during the period. AMI Asset Management Corp’s holdings in PowerSchool were worth $3,907,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new position in PowerSchool during the 3rd quarter worth about $32,000. Park Place Capital Corp lifted its position in PowerSchool by 106.8% during the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock worth $32,000 after buying an additional 773 shares in the last quarter. Fifth Third Bancorp lifted its position in PowerSchool by 47.7% during the 4th quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock worth $54,000 after buying an additional 746 shares in the last quarter. International Assets Investment Management LLC lifted its position in PowerSchool by 3,244.4% during the 4th quarter. International Assets Investment Management LLC now owns 2,709 shares of the company’s stock worth $64,000 after buying an additional 2,628 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new position in PowerSchool during the 4th quarter worth about $120,000. Institutional investors and hedge funds own 65.29% of the company’s stock.

Insider Activity at PowerSchool

In related news, CEO Hardeep Gulati sold 6,171 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $21.33, for a total value of $131,627.43. Following the completion of the transaction, the chief executive officer now directly owns 1,905,667 shares in the company, valued at approximately $40,647,877.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other PowerSchool news, CEO Hardeep Gulati sold 6,171 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $21.33, for a total transaction of $131,627.43. Following the completion of the transaction, the chief executive officer now owns 1,905,667 shares of the company’s stock, valued at approximately $40,647,877.11. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CRO Anthony Kender sold 6,165 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $22.23, for a total value of $137,047.95. Following the transaction, the executive now directly owns 253,607 shares of the company’s stock, valued at approximately $5,637,683.61. The disclosure for this sale can be found here. In the last three months, insiders sold 299,665 shares of company stock worth $6,435,371. 0.60% of the stock is owned by company insiders.

PowerSchool Trading Up 0.3 %

Shares of PWSC stock traded up $0.07 on Thursday, reaching $22.44. The company had a trading volume of 2,606,326 shares, compared to its average volume of 4,295,206. 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 stock has a market cap of $4.57 billion, a PE ratio of -93.50 and a beta of 1.06. The company has a 50-day moving average of $20.52 and a 200-day moving average of $21.65. PowerSchool Holdings, Inc. has a 12 month low of $16.15 and a 12 month high of $25.16.

PowerSchool (NYSE:PWSC) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $184.97 million during the quarter, compared to analyst estimates of $184.45 million. On average, equities analysts forecast that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PWSC. Cantor Fitzgerald reiterated a “neutral” rating and set a $22.80 price target (down previously from $25.00) on shares of PowerSchool in a research report on Friday, June 7th. UBS Group reduced their price target on shares of PowerSchool from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Macquarie cut PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price objective for the company. in a report on Monday, June 10th. Robert W. Baird reissued a “neutral” rating and set a $23.00 price objective (down from $26.00) on shares of PowerSchool in a report on Friday, June 7th. Finally, Needham & Company LLC reissued a “hold” rating on shares of PowerSchool in a report on Friday, June 7th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $24.52.

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.