Handelsbanken Fonder AB Sells 9,900 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC)

Handelsbanken Fonder AB reduced its holdings in shares of PowerSchool Holdings, Inc. (NYSE:PWSC) by 16.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 50,000 shares of the company’s stock after selling 9,900 shares during the period. Handelsbanken Fonder AB’s holdings in PowerSchool were worth $1,178,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PWSC. Mackenzie Financial Corp grew its stake in shares of PowerSchool by 2.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,823,474 shares of the company’s stock worth $42,961,000 after buying an additional 50,094 shares during the last quarter. Riverbridge Partners LLC boosted its holdings in shares of PowerSchool by 6.7% during the 4th quarter. Riverbridge Partners LLC now owns 1,552,773 shares of the company’s stock valued at $36,583,000 after acquiring an additional 97,643 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in PowerSchool by 30.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,430 shares of the company’s stock worth $9,957,000 after acquiring an additional 101,955 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in PowerSchool by 13.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 234,131 shares of the company’s stock worth $5,305,000 after purchasing an additional 28,454 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in PowerSchool by 27.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 419,595 shares of the company’s stock valued at $9,508,000 after purchasing an additional 89,213 shares during the last quarter. 65.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CRO Anthony Kender sold 6,809 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total transaction of $138,222.70. Following the sale, the executive now owns 202,356 shares in the company, valued at approximately $4,107,826.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other PowerSchool news, CTO Devendra Singh sold 2,750 shares of PowerSchool stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $20.87, for a total value of $57,392.50. Following the completion of the sale, the chief technology officer now directly owns 338,769 shares of the company’s stock, valued at $7,070,109.03. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CRO Anthony Kender sold 6,809 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total transaction 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. In the last ninety days, insiders sold 176,535 shares of company stock worth $3,687,100. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on PWSC shares. Piper Sandler restated an “overweight” rating and set a $29.00 price target on shares of PowerSchool in a report on Tuesday, April 23rd. TheStreet lowered shares of PowerSchool from a “b-” rating to a “c” rating in a report on Monday, January 29th. Finally, The Goldman Sachs Group raised their price target on shares of PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.

PowerSchool Stock Performance

PowerSchool stock opened at $17.57 on Monday. The firm has a 50 day moving average price of $20.60 and a two-hundred day moving average price of $21.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. PowerSchool Holdings, Inc. has a 52-week low of $16.41 and a 52-week high of $25.16.

PowerSchool (NYSE:PWSC) last announced 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). The firm had revenue of $182.14 million for the quarter, compared to the consensus estimate of $183.35 million. PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. As a group, equities research analysts forecast that PowerSchool Holdings, Inc. will post 0.61 EPS for the current year.

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.