Benjamin Edwards Inc. Raises Stock Holdings in PowerSchool Holdings, Inc. (NYSE:PWSC)

Benjamin Edwards Inc. raised its holdings in PowerSchool Holdings, Inc. (NYSE:PWSC) by 12.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,351 shares of the company’s stock after buying an additional 947 shares during the quarter. Benjamin Edwards Inc.’s holdings in PowerSchool were worth $197,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PWSC. Loomis Sayles & Co. L P purchased a new position in shares of PowerSchool during the third quarter valued at approximately $17,000,000. Fort Washington Investment Advisors Inc. OH bought a new position in PowerSchool in the 3rd quarter worth about $15,508,000. Wellington Management Group LLP grew its position in PowerSchool by 8.9% during 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 during the last quarter. Invesco Ltd. increased its stake in PowerSchool by 33.3% during the 3rd quarter. Invesco Ltd. now owns 1,410,790 shares of the company’s stock valued at $31,969,000 after purchasing an additional 352,240 shares in the last quarter. Finally, Lisanti Capital Growth LLC purchased a new position in PowerSchool in the third quarter worth about $7,316,000. Institutional investors own 65.29% of the company’s stock.

Insider Transactions at PowerSchool

In other news, CEO Hardeep Gulati sold 39,333 shares of PowerSchool stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $20.89, for a total transaction of $821,666.37. Following the transaction, the chief executive officer now directly owns 1,997,821 shares of the company’s stock, valued at approximately $41,734,480.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Eric Ryan Shander sold 3,047 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now directly owns 492,191 shares in the company, valued at approximately $9,991,477.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hardeep Gulati sold 39,333 shares of PowerSchool stock in a transaction on Monday, April 1st. The shares were sold at an average price of $20.89, for a total transaction of $821,666.37. Following the transaction, the chief executive officer now owns 1,997,821 shares in the company, valued at approximately $41,734,480.69. The disclosure for this sale can be found here. Insiders sold 182,706 shares of company stock worth $3,818,727 in the last three months. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

PWSC has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased 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. TheStreet downgraded PowerSchool from a “b-” rating to a “c” rating in a report on Monday, January 29th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $29.00 price objective on shares of PowerSchool in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PowerSchool has an average rating of “Moderate Buy” and an average target price of $27.67.

PowerSchool Stock Performance

Shares of PowerSchool stock traded down $0.31 during trading hours on Friday, reaching $16.58. 807,659 shares of the stock traded hands, compared to its average volume of 1,053,879. PowerSchool Holdings, Inc. has a one year low of $16.41 and a one year high of $25.16. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of -87.26, a P/E/G ratio of 0.49 and a beta of 0.98. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average price of $19.96 and a 200 day moving average price of $21.82.

PowerSchool (NYSE:PWSC) last announced its earnings results 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 business had revenue of $182.14 million for the quarter, compared to the consensus estimate of $183.35 million. On average, equities research analysts expect that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

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.