PowerSchool Holdings, Inc. (NYSE:PWSC) Position Increased by First Trust Advisors LP

First Trust Advisors LP raised its stake in PowerSchool Holdings, Inc. (NYSE:PWSC – Get Rating) by 144.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 386,441 shares of the company’s stock after buying an additional 228,217 shares during the period. First Trust Advisors LP owned approximately 0.19% of PowerSchool worth $8,919,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of PWSC. Royal Bank of Canada lifted its position in shares of PowerSchool by 63.5% during the 3rd quarter. Royal Bank of Canada now owns 2,135 shares of the company’s stock valued at $35,000 after acquiring an additional 829 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of PowerSchool in the third quarter valued at $39,000. Daiwa Securities Group Inc. purchased a new stake in shares of PowerSchool in the third quarter valued at $65,000. Tower Research Capital LLC TRC lifted its holdings in shares of PowerSchool by 93.9% in the third quarter. Tower Research Capital LLC TRC now owns 3,977 shares of the company’s stock valued at $66,000 after purchasing an additional 1,926 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of PowerSchool in the second quarter valued at $92,000. Institutional investors and hedge funds own 61.21% of the company’s stock.

Insider Activity at PowerSchool

In related news, insider Marcy Daniel sold 4,085 shares of the stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $19.38, for a total value of $79,167.30. Following the completion of the sale, the insider now owns 308,016 shares in the company, valued at $5,969,350.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other PowerSchool news, CAO Angelina Hendraka sold 1,396 shares of the firm’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $19.37, for a total transaction of $27,040.52. Following the completion of the transaction, the chief accounting officer now owns 137,997 shares in the company, valued at $2,673,001.89. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Marcy Daniel sold 4,085 shares of the firm’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $19.38, for a total transaction of $79,167.30. Following the transaction, the insider now owns 308,016 shares of the company’s stock, valued at approximately $5,969,350.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,460,092 shares of company stock worth $89,807,514. Company insiders own 1.10% of the company’s stock.

PowerSchool Stock Down 1.8 %

Shares of NYSE:PWSC opened at $18.17 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.42. The stock’s 50-day moving average is $19.23 and its 200-day moving average is $20.94. PowerSchool Holdings, Inc. has a 52-week low of $11.48 and a 52-week high of $26.05.

PowerSchool (NYSE:PWSC – Get Rating) last released its earnings results on Wednesday, February 22nd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $162.80 million. On average, sell-side analysts forecast that PowerSchool Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PWSC has been the subject of a number of research analyst reports. Barclays reduced their target price on PowerSchool from $28.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, April 13th. Piper Sandler dropped their price target on shares of PowerSchool from $28.00 to $27.00 in a research note on Friday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $26.00 price target on shares of PowerSchool in a research note on Thursday, February 23rd. Cantor Fitzgerald upped their price target on shares of PowerSchool from $21.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, February 23rd. Finally, The Goldman Sachs Group raised shares of PowerSchool from a “neutral” rating to a “buy” rating and upped their price target for the stock from $20.00 to $24.00 in a research note on Tuesday, April 18th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, PowerSchool presently has an average rating of “Moderate Buy” and an average price target of $26.00.

PowerSchool Profile

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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.