Wellington Management Group LLP Decreases Stock Holdings in PowerSchool Holdings, Inc. (NYSE:PWSC)

Wellington Management Group LLP decreased its holdings in shares of PowerSchool Holdings, Inc. (NYSE:PWSC) by 33.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,703,134 shares of the company’s stock after selling 2,398,104 shares during the quarter. Wellington Management Group LLP owned about 2.33% of PowerSchool worth $110,806,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in PowerSchool during the third quarter valued at $32,000. Fifth Third Bancorp raised its stake in PowerSchool by 47.7% during the fourth quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock valued at $54,000 after purchasing an additional 746 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of PowerSchool by 3,244.4% in the fourth quarter. International Assets Investment Management LLC now owns 2,709 shares of the company’s stock valued at $64,000 after acquiring an additional 2,628 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of PowerSchool in the fourth quarter valued at $120,000. Finally, Benjamin Edwards Inc. raised its stake in shares of PowerSchool by 12.8% in the fourth quarter. Benjamin Edwards Inc. now owns 8,351 shares of the company’s stock valued at $197,000 after acquiring an additional 947 shares during the period. Hedge funds and other institutional investors own 65.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on PWSC. Cantor Fitzgerald reissued a “neutral” rating and issued a $22.80 target price (down previously from $25.00) on shares of PowerSchool in a research note on Friday, June 7th. Needham & Company LLC reissued a “hold” rating on shares of PowerSchool in a research note on Friday, June 7th. William Blair reissued a “market perform” rating on shares of PowerSchool in a research note on Friday, June 7th. Baird R W downgraded shares of PowerSchool from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 7th. Finally, UBS Group reduced their target price on shares of PowerSchool from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.52.

PowerSchool Stock Down 0.1 %

Shares of PowerSchool stock opened at $22.33 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.24 and a quick ratio of 0.24. PowerSchool Holdings, Inc. has a 1 year low of $16.15 and a 1 year high of $25.16. The firm’s 50-day moving average is $19.78 and its two-hundred day moving average is $21.66. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of -92.96 and a beta of 1.06.

PowerSchool (NYSE:PWSC) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. The firm had revenue of $184.97 million during the quarter, compared to the consensus estimate of $184.45 million. As a group, research analysts expect that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Hardeep Gulati sold 7,752 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $20.88, for a total value of $161,861.76. Following the sale, the chief executive officer now directly owns 2,051,464 shares in the company, valued at approximately $42,834,568.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Hardeep Gulati sold 7,752 shares of PowerSchool stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $20.88, for a total value of $161,861.76. Following the completion of the sale, the chief executive officer now directly owns 2,051,464 shares in the company, valued at approximately $42,834,568.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eric Ryan Shander sold 16,070 shares of PowerSchool stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $22.12, for a total transaction of $355,468.40. Following the completion of the sale, the chief financial officer now owns 515,061 shares of the company’s stock, valued at $11,393,149.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 300,105 shares of company stock worth $6,322,664. Corporate insiders own 0.60% of the company’s stock.

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.