Strs Ohio Trims Stock Position in PowerSchool Holdings, Inc. (NYSE:PWSC)

Strs Ohio trimmed its position in PowerSchool Holdings, Inc. (NYSE:PWSC) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,700 shares of the company’s stock after selling 7,500 shares during the quarter. Strs Ohio’s holdings in PowerSchool were worth $2,961,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in PowerSchool by 3,244.4% in the 4th quarter. International Assets Investment Management LLC now owns 2,709 shares of the company’s stock worth $64,000 after acquiring an additional 2,628 shares in the last quarter. Riverbridge Partners LLC increased its holdings in PowerSchool by 6.7% in the 4th quarter. Riverbridge Partners LLC now owns 1,552,773 shares of the company’s stock worth $36,583,000 after acquiring an additional 97,643 shares in the last quarter. Trust Point Inc. purchased a new stake in PowerSchool in the 4th quarter worth approximately $446,000. Fifth Third Bancorp increased its holdings in PowerSchool by 47.7% in the 4th quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock worth $54,000 after acquiring an additional 746 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in PowerSchool by 15.8% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 792,530 shares of the company’s stock worth $18,672,000 after acquiring an additional 108,140 shares in the last quarter. 65.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other PowerSchool news, CTO Devendra Singh sold 2,775 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $20.65, for a total value of $57,303.75. Following the sale, the chief technology officer now owns 327,712 shares in the company, valued at $6,767,252.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CTO Devendra Singh sold 2,775 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $20.65, for a total transaction of $57,303.75. Following the transaction, the chief technology officer now owns 327,712 shares in the company, valued at $6,767,252.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Anthony Kender sold 6,809 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total value of $138,222.70. Following the transaction, the executive now owns 202,356 shares in the company, valued at approximately $4,107,826.80. The disclosure for this sale can be found here. Insiders have sold a total of 176,535 shares of company stock worth $3,687,100 over the last quarter. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

PWSC has been the subject of several analyst reports. Piper Sandler reissued an “overweight” rating and issued a $29.00 target price on shares of PowerSchool in a report on Wednesday, March 6th. The Goldman Sachs Group increased their target price on shares of PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, TheStreet downgraded PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.

PowerSchool Price Performance

PWSC stock opened at $17.43 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The business has a 50 day simple moving average of $21.43 and a two-hundred day simple moving average of $22.19. PowerSchool Holdings, Inc. has a 1-year low of $16.41 and a 1-year high of $25.16.

PowerSchool (NYSE:PWSC) last released its earnings results on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. The business had revenue of $182.14 million during the quarter, compared to analysts’ expectations of $183.35 million. As a group, equities analysts anticipate that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

PowerSchool 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.