PowerSchool Holdings, Inc. (NYSE:PWSC) CMO Fred Studer Sells 1,299 Shares

PowerSchool Holdings, Inc. (NYSE:PWSC) CMO Fred Studer sold 1,299 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $22.35, for a total value of $29,032.65. Following the transaction, the chief marketing officer now directly owns 186,142 shares in the company, valued at $4,160,273.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Fred Studer also recently made the following trade(s):

• On Wednesday, June 5th, Fred Studer sold 5,449 shares of PowerSchool stock. The stock was sold at an average price of $22.23, for a total value of $121,131.27.
• On Wednesday, April 3rd, Fred Studer sold 1,054 shares of PowerSchool stock. The stock was sold at an average price of $20.65, for a total value of $21,765.10.
• On Monday, April 1st, Fred Studer sold 1,045 shares of PowerSchool stock. The stock was sold at an average price of $20.82, for a total value of $21,756.90.

PowerSchool Price Performance

Shares of PWSC opened at $22.39 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average of $20.23 and a 200 day moving average of $21.65. PowerSchool Holdings, Inc. has a 12 month low of $16.15 and a 12 month high of $25.16.

PowerSchool (NYSE:PWSC) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The business had revenue of $184.97 million for the quarter, compared to analysts’ expectations 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, analysts expect that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PowerSchool

Institutional investors and hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp grew its holdings in PowerSchool by 2.8% during 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 during the period. Principal Financial Group Inc. grew its holdings in PowerSchool by 37.5% during the fourth quarter. Principal Financial Group Inc. now owns 40,059 shares of the company’s stock valued at $944,000 after purchasing an additional 10,932 shares during the period. Dimensional Fund Advisors LP grew its holdings in PowerSchool by 14.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,655,296 shares of the company’s stock valued at $39,001,000 after purchasing an additional 207,237 shares during the period. Riverbridge Partners LLC grew its holdings in PowerSchool by 6.7% during the fourth quarter. Riverbridge Partners LLC now owns 1,552,773 shares of the company’s stock valued at $36,583,000 after purchasing an additional 97,643 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in PowerSchool by 37.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,391,055 shares of the company’s stock valued at $32,773,000 after purchasing an additional 380,586 shares during the period. 65.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PWSC shares. Robert W. Baird reaffirmed a “neutral” rating and set a $23.00 price target (down from $26.00) on shares of PowerSchool in a research note on Friday, June 7th. UBS Group lowered their price objective on PowerSchool from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. William Blair reissued a “market perform” rating on shares of PowerSchool in a research note on Friday, June 7th. Jefferies Financial Group reissued a “hold” rating and issued a $22.80 price objective (down from $30.00) on shares of PowerSchool in a research note on Monday, June 10th. Finally, Needham & Company LLC reissued a “hold” rating 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 assigned a buy rating to the company. According to MarketBeat.com, the stock has an average 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.