PowerSchool Holdings, Inc. (NYSE:PWSC - Get Free Report) insider Shivani Stumpf sold 903 shares of PowerSchool stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $20.87, for a total value of $18,845.61. Following the transaction, the insider now owns 230,942 shares of the company's stock, valued at approximately $4,819,759.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
PowerSchool Stock Up 1.9 %
Shares of PWSC stock opened at $21.29 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $22.49 and a 200 day simple moving average of $22.36. PowerSchool Holdings, Inc. has a 1 year low of $16.41 and a 1 year high of $25.16.
PowerSchool (NYSE:PWSC - Get Free Report) last issued its quarterly 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). The company had revenue of $182.14 million during the quarter, compared to the consensus estimate of $183.35 million. PowerSchool had a negative net margin of 4.46% and a positive return on equity of 6.08%. Equities analysts expect that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.
Analyst Ratings Changes
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A number of brokerages have recently issued reports on PWSC. The Goldman Sachs Group boosted their price objective on PowerSchool from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, February 27th. UBS Group boosted their price objective on PowerSchool from $24.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, December 15th. Piper Sandler restated an "overweight" rating and set a $29.00 price objective on shares of PowerSchool in a report on Wednesday, March 6th. Finally, TheStreet cut PowerSchool from a "b-" rating to a "c" rating in a report on Monday, January 29th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.67.
View Our Latest Stock Report on PWSC
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of PowerSchool by 38.3% during the fourth quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company's stock worth $224,089,000 after buying an additional 2,634,169 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of PowerSchool by 8.9% during the third quarter. Wellington Management Group LLP now owns 7,101,238 shares of the company's stock worth $160,914,000 after buying an additional 580,969 shares in the last quarter. BlackRock Inc. increased its holdings in shares of PowerSchool by 5.2% during the second quarter. BlackRock Inc. now owns 3,807,738 shares of the company's stock worth $72,880,000 after buying an additional 188,610 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of PowerSchool by 12.1% during the fourth quarter. Wasatch Advisors LP now owns 3,490,120 shares of the company's stock worth $82,227,000 after buying an additional 375,805 shares in the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of PowerSchool by 8.1% during the third 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. 65.29% of the stock is currently owned by institutional investors and hedge funds.
About PowerSchool
(
Get Free Report)
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.
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