Goldman Sachs Group Inc. Acquires 380,586 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC)

Goldman Sachs Group Inc. grew its holdings in PowerSchool Holdings, Inc. (NYSE:PWSC) by 37.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,391,055 shares of the company’s stock after acquiring an additional 380,586 shares during the quarter. Goldman Sachs Group Inc. owned 0.69% of PowerSchool worth $32,773,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Wellington Management Group LLP raised its stake in PowerSchool by 8.9% in the third quarter. Wellington Management Group LLP now owns 7,101,238 shares of the company’s stock valued at $160,914,000 after purchasing an additional 580,969 shares in the last quarter. Wasatch Advisors LP raised its stake in PowerSchool by 12.1% in the fourth quarter. Wasatch Advisors LP now owns 3,490,120 shares of the company’s stock valued at $82,227,000 after purchasing an additional 375,805 shares in the last quarter. Mackenzie Financial Corp raised its stake in PowerSchool by 2.8% in the fourth quarter. Mackenzie Financial Corp now owns 1,823,474 shares of the company’s stock valued at $42,961,000 after purchasing an additional 50,094 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in PowerSchool by 14.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,655,296 shares of the company’s stock worth $39,001,000 after acquiring an additional 207,237 shares in the last quarter. Finally, Riverbridge Partners LLC raised its stake in PowerSchool by 6.7% during the fourth 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. Institutional investors own 65.29% of the company’s stock.

PowerSchool Stock Performance

Shares of PWSC stock opened at $22.36 on Friday. The business’s 50 day simple moving average is $19.84 and its 200 day simple moving average is $21.66. PowerSchool Holdings, Inc. has a one year low of $16.15 and a one year high of $25.16. The stock has a market capitalization of $4.55 billion, a PE ratio of -93.17 and a beta of 1.06. 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 (NYSE:PWSC) last announced its earnings results on Tuesday, May 7th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company had revenue of $184.97 million during the quarter, compared to the consensus estimate of $184.45 million. PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. As a group, research analysts forecast that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current year.

Insiders Place Their Bets

In other PowerSchool news, CFO Eric Ryan Shander sold 1,600 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was 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 in the company, valued at approximately $11,433,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other PowerSchool news, CFO Eric Ryan Shander sold 1,600 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was 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 in the company, valued at approximately $11,433,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Hardeep Gulati sold 7,752 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $20.88, for a total value of $161,861.76. Following the transaction, the chief executive officer now owns 2,051,464 shares in the company, valued at $42,834,568.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 300,105 shares of company stock worth $6,322,664. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on PWSC shares. UBS Group lowered their target price on PowerSchool from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Piper Sandler reissued a “neutral” rating and set a $22.80 target price (down previously from $24.00) 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. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $22.80 price objective (down previously from $25.00) on shares of PowerSchool in a research note on Friday, June 7th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, PowerSchool presently has a consensus rating of “Hold” and a consensus price target of $24.52.

PowerSchool Company 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.