PowerSchool Holdings, Inc. (NYSE:PWSC) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in PowerSchool Holdings, Inc. (NYSE:PWSC) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,775 shares of the company’s stock after selling 10,321 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in PowerSchool were worth $1,762,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PWSC. Orion Capital Management LLC acquired a new stake in shares of PowerSchool in the third quarter valued at $32,000. Fifth Third Bancorp boosted its position in shares of PowerSchool by 47.7% in the 4th quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock valued at $54,000 after purchasing an additional 746 shares during the period. International Assets Investment Management LLC raised its holdings in PowerSchool by 3,244.4% during the 4th quarter. International Assets Investment Management LLC now owns 2,709 shares of the company’s stock worth $64,000 after buying an additional 2,628 shares during the period. Sentry Investment Management LLC purchased a new stake in PowerSchool during the fourth quarter valued at about $120,000. Finally, Benjamin Edwards Inc. boosted its holdings in shares of PowerSchool by 12.8% in the fourth quarter. Benjamin Edwards Inc. now owns 8,351 shares of the company’s stock worth $197,000 after buying an additional 947 shares during the period. Institutional investors and hedge funds own 65.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PWSC shares. Cantor Fitzgerald restated a “neutral” rating and set a $22.80 price target (down previously from $25.00) on shares of PowerSchool in a report on Friday, June 7th. Piper Sandler reissued a “neutral” rating and set a $22.80 target price (down from $24.00) on shares of PowerSchool in a research note on Friday, June 7th. UBS Group decreased their target price on PowerSchool from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Raymond James lowered PowerSchool from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 11th. Finally, Baird R W downgraded PowerSchool from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 7th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PowerSchool has an average rating of “Hold” and a consensus target price of $24.52.

Insiders Place Their Bets

In other PowerSchool news, CFO Eric Ryan Shander sold 1,600 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $22.50, for a total transaction of $36,000.00. Following the transaction, the chief financial officer now directly owns 508,150 shares of the company’s stock, valued at $11,433,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other PowerSchool news, CFO Eric Ryan Shander sold 1,600 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $22.50, for a total transaction of $36,000.00. Following the transaction, the chief financial officer now directly owns 508,150 shares of the company’s stock, valued at $11,433,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Hardeep Gulati sold 3,800 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $19.01, for a total transaction of $72,238.00. Following the transaction, the chief executive officer now directly owns 1,901,867 shares in the company, valued at $36,154,491.67. The disclosure for this sale can be found here. Insiders have sold 300,105 shares of company stock valued at $6,322,664 over the last three months. 0.60% of the stock is currently owned by insiders.

PowerSchool Price Performance

Shares of NYSE:PWSC opened at $22.33 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. PowerSchool Holdings, Inc. has a 1 year low of $16.15 and a 1 year high of $25.16. The business has a fifty day simple moving average of $19.81 and a 200 day simple moving average of $21.66. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of -93.00 and a beta of 1.06.

PowerSchool (NYSE:PWSC) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. The firm had revenue of $184.97 million for the quarter, compared to analysts’ expectations of $184.45 million. As a group, sell-side analysts predict that PowerSchool Holdings, Inc. will post 0.5 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.