PowerSchool Holdings, Inc. (NYSE:PWSC) Stock Holdings Lifted by Swiss National Bank

Swiss National Bank lifted its position in PowerSchool Holdings, Inc. (NYSE:PWSC – Get Rating) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,600 shares of the company’s stock after acquiring an additional 2,600 shares during the period. Swiss National Bank owned about 0.06% of PowerSchool worth $2,645,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PWSC. Russell Investments Group Ltd. boosted its holdings in shares of PowerSchool by 41.6% during the fourth quarter. Russell Investments Group Ltd. now owns 210,576 shares of the company’s stock worth $4,860,000 after purchasing an additional 61,846 shares during the period. Dakota Wealth Management acquired a new stake in shares of PowerSchool during the fourth quarter worth approximately $229,000. Arizona State Retirement System boosted its holdings in shares of PowerSchool by 3.9% during the fourth quarter. Arizona State Retirement System now owns 13,397 shares of the company’s stock worth $309,000 after purchasing an additional 504 shares during the period. Lisanti Capital Growth LLC acquired a new stake in shares of PowerSchool during the fourth quarter worth approximately $3,753,000. Finally, Rheos Capital Works Inc. acquired a new stake in shares of PowerSchool during the fourth quarter worth approximately $5,948,000. 61.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PWSC. Piper Sandler decreased their price target on shares of PowerSchool from $28.00 to $27.00 in a report on Friday, May 5th. The Goldman Sachs Group upgraded shares of PowerSchool from a “neutral” rating to a “buy” rating and lifted their target price for the company from $20.00 to $24.00 in a research note on Tuesday, April 18th. Raymond James upgraded shares of PowerSchool from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Monday, March 20th. Cantor Fitzgerald lifted their target price on shares of PowerSchool from $21.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, February 23rd. Finally, Royal Bank of Canada lifted their target price on shares of PowerSchool from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, February 21st. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, PowerSchool has a consensus rating of “Moderate Buy” and an average target price of $26.00.

PowerSchool Price Performance

Shares of PowerSchool stock opened at $18.50 on Wednesday. The firm has a fifty day simple moving average of $19.25 and a 200-day simple moving average of $20.96. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. PowerSchool Holdings, Inc. has a 1-year low of $11.48 and a 1-year high of $26.05. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of -132.13 and a beta of 0.91.

PowerSchool (NYSE:PWSC – Get Rating) last announced its earnings results on Wednesday, February 22nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09. PowerSchool had a negative net margin of 3.20% and a positive return on equity of 7.41%. The business had revenue of $161.07 million for the quarter, compared to analyst estimates of $162.80 million. On average, sell-side analysts expect that PowerSchool Holdings, Inc. will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Devendra Singh sold 2,505 shares of the business’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $18.63, for a total transaction of $46,668.15. Following the transaction, the chief technology officer now owns 281,329 shares of the company’s stock, valued at $5,241,159.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CTO Devendra Singh sold 2,505 shares of the business’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $18.63, for a total transaction of $46,668.15. Following the transaction, the chief technology officer now owns 281,329 shares of the company’s stock, valued at $5,241,159.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Hardeep Gulati sold 40,093 shares of the business’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $19.38, for a total transaction of $777,002.34. Following the transaction, the chief executive officer now directly owns 2,403,200 shares in the company, valued at approximately $46,574,016. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,460,092 shares of company stock valued at $89,807,514. 1.10% of the stock is owned by company insiders.

PowerSchool Company Profile

(Get Rating)

PowerSchool Holdings, Inc provides cloud-based software to the K-12 education market. Its solution is embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts representing approximately 45 million students worldwide. Its cloud-based technology platform helps schools and districts manage state reporting and related compliance, special education, finance, human resource, talent, registration, attendance, funding, learning, instruction, grading, college and career readiness, assessments, and analytics.