PowerSchool (NYSE:PWSC) Sees Strong Trading Volume

PowerSchool Holdings, Inc. (NYSE:PWSC) saw an uptick in trading volume on Wednesday . 3,756,924 shares were traded during mid-day trading, an increase of 152% from the previous session’s volume of 1,492,931 shares.The stock last traded at $22.80 and had previously closed at $22.79.

Wall Street Analyst Weigh In

PWSC has been the topic of several research reports. Macquarie downgraded PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 target price on the stock. in a research report on Monday, June 10th. William Blair reissued a “market perform” rating on shares of PowerSchool in a research report on Friday, June 7th. Piper Sandler reissued a “neutral” rating and issued a $22.80 target price (down from $24.00) on shares of PowerSchool in a research report on Friday, June 7th. Jefferies Financial Group reissued a “hold” rating and issued a $22.80 target price (down from $30.00) on shares of PowerSchool in a research report on Monday, June 10th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $22.80 target price (down from $25.00) on shares of PowerSchool in a research report on Friday, June 7th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, PowerSchool presently has an average rating of “Hold” and an average target price of $24.02.

PowerSchool Price Performance

The firm has a 50-day simple moving average of $22.66 and a two-hundred day simple moving average of $21.35. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of -95.04 and a beta of 1.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.47.

PowerSchool (NYSE:PWSC) last posted its earnings results on Friday, August 9th. The company reported $0.23 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 business had revenue of $191.59 million for the quarter, compared to analyst estimates of $195.32 million. During the same quarter last year, the business earned $0.23 earnings per share. PowerSchool’s revenue was up 10.2% on a year-over-year basis. As a group, analysts predict that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Shivani Stumpf sold 2,088 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $22.79, for a total transaction of $47,585.52. Following the sale, the insider now directly owns 277,489 shares in the company, valued at approximately $6,323,974.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Shivani Stumpf sold 2,088 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $22.79, for a total value of $47,585.52. Following the transaction, the insider now directly owns 277,489 shares of the company’s stock, valued at approximately $6,323,974.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Eric Ryan Shander sold 2,977 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $22.74, for a total transaction of $67,696.98. Following the completion of the transaction, the chief financial officer now directly owns 422,547 shares in the company, valued at $9,608,718.78. The disclosure for this sale can be found here. Insiders have sold 115,329 shares of company stock worth $2,610,002 in the last ninety days. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PWSC. Bardin Hill Management Partners LP purchased a new position in PowerSchool in the 2nd quarter worth approximately $1,439,000. Truist Financial Corp lifted its stake in PowerSchool by 23.2% in the 2nd quarter. Truist Financial Corp now owns 26,804 shares of the company’s stock worth $600,000 after purchasing an additional 5,039 shares in the last quarter. Water Island Capital LLC purchased a new position in PowerSchool in the 2nd quarter worth approximately $11,215,000. The Manufacturers Life Insurance Company lifted its stake in PowerSchool by 5.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,606 shares of the company’s stock worth $864,000 after purchasing an additional 2,158 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new position in PowerSchool in the 2nd quarter worth approximately $420,000. 65.29% of the stock is owned by hedge funds and other institutional investors.

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.