Sentry Investment Management LLC Decreases Stake in PowerSchool Holdings, Inc. (NYSE:PWSC)

Sentry Investment Management LLC cut its holdings in PowerSchool Holdings, Inc. (NYSE:PWSC) by 17.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,215 shares of the company’s stock after selling 863 shares during the quarter. Sentry Investment Management LLC’s holdings in PowerSchool were worth $94,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in PowerSchool by 0.3% during the first quarter. Vanguard Group Inc. now owns 9,540,806 shares of the company’s stock worth $203,124,000 after purchasing an additional 29,390 shares in the last quarter. Blair William & Co. IL boosted its position in PowerSchool by 17.8% during the first quarter. Blair William & Co. IL now owns 3,946,379 shares of the company’s stock worth $84,018,000 after purchasing an additional 597,521 shares in the last quarter. Wasatch Advisors LP boosted its position in PowerSchool by 12.7% during the first quarter. Wasatch Advisors LP now owns 3,932,460 shares of the company’s stock worth $83,722,000 after purchasing an additional 442,340 shares in the last quarter. Riverbridge Partners LLC boosted its position in PowerSchool by 59.5% during the first quarter. Riverbridge Partners LLC now owns 2,508,871 shares of the company’s stock worth $53,414,000 after purchasing an additional 935,648 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in PowerSchool by 14.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,655,296 shares of the company’s stock worth $39,001,000 after purchasing an additional 207,237 shares in the last quarter. 65.29% of the stock is currently owned by hedge funds and other institutional investors.

PowerSchool Stock Performance

Shares of NYSE:PWSC opened at $22.77 on Friday. The firm has a market capitalization of $4.65 billion, a PE ratio of -94.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50-day moving average of $22.60 and a two-hundred day moving average of $21.22. PowerSchool Holdings, Inc. has a 12 month low of $16.15 and a 12 month high of $25.16.

PowerSchool (NYSE:PWSC) last posted its earnings results on Friday, August 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). PowerSchool had a negative net margin of 7.51% and a positive return on equity of 6.10%. The company had revenue of $191.59 million during the quarter, compared to analyst estimates of $195.32 million. During the same quarter last year, the business posted $0.23 EPS. PowerSchool’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, research analysts forecast that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current year.

Insider Activity

In other news, CFO Eric Ryan Shander sold 29,200 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $22.51, for a total value of $657,292.00. Following the completion of the sale, the chief financial officer now owns 425,524 shares in the company, valued at $9,578,545.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Shivani Stumpf sold 1,295 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $22.33, for a total value of $28,917.35. Following the completion of the transaction, the insider now owns 289,555 shares of the company’s stock, valued at $6,465,763.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eric Ryan Shander sold 29,200 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $22.51, for a total value of $657,292.00. Following the completion of the transaction, the chief financial officer now directly owns 425,524 shares of the company’s stock, valued at approximately $9,578,545.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,790 shares of company stock worth $3,155,772. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on the company. Robert W. Baird reiterated a “neutral” rating and set a $23.00 target price (down from $26.00) on shares of PowerSchool in a research report on Friday, June 7th. Cantor Fitzgerald restated a “neutral” rating and issued a $22.80 price objective (down from $25.00) on shares of PowerSchool in a research report on Friday, June 7th. Jefferies Financial Group restated a “hold” rating and issued a $22.80 price objective (down from $30.00) on shares of PowerSchool in a research report on Monday, June 10th. Raymond James downgraded PowerSchool from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 11th. Finally, Needham & Company LLC restated a “hold” rating on shares of PowerSchool in a research report on Friday, June 7th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.02.

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.