PowerSchool Holdings, Inc. (NYSE:PWSC) Stock Position Reduced by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning lessened its position in shares of PowerSchool Holdings, Inc. (NYSE:PWSC) by 34.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,667 shares of the company’s stock after selling 2,942 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in PowerSchool were worth $121,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in PowerSchool during the 3rd quarter worth approximately $32,000. Park Place Capital Corp raised its position in shares of PowerSchool by 106.8% during the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock worth $32,000 after purchasing an additional 773 shares during the period. Fifth Third Bancorp raised its position in shares of PowerSchool by 47.7% during the 4th quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock worth $54,000 after purchasing an additional 746 shares during the period. International Assets Investment Management LLC raised its position in shares of 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 purchasing an additional 2,628 shares during the period. Finally, Sentry Investment Management LLC acquired a new stake in shares of PowerSchool during the 4th quarter worth approximately $120,000. Institutional investors own 65.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Raymond James cut PowerSchool from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 11th. William Blair reiterated a “market perform” rating on shares of PowerSchool in a research report on Friday, June 7th. Needham & Company LLC restated a “hold” rating on shares of PowerSchool in a research report on Friday, June 7th. Robert W. Baird restated a “neutral” rating and issued a $23.00 target price (down from $26.00) on shares of PowerSchool in a research report on Friday, June 7th. Finally, Macquarie cut PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 target price on the stock. in a research report on Monday, June 10th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $24.52.

PowerSchool Stock Up 0.3 %

Shares of NYSE PWSC opened at $22.44 on Thursday. The stock has a fifty day moving average price of $20.52 and a two-hundred day moving average price of $21.65. The company has a quick ratio of 0.24, a current 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.

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

Insider Transactions at PowerSchool

In other news, CEO Hardeep Gulati sold 85,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $21.35, for a total transaction of $1,814,750.00. Following the completion of the sale, the chief executive officer now directly owns 1,715,667 shares of the company’s stock, valued at approximately $36,629,490.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Hardeep Gulati sold 85,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $21.35, for a total transaction of $1,814,750.00. Following the completion of the sale, the chief executive officer now directly owns 1,715,667 shares of the company’s stock, valued at approximately $36,629,490.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shivani Stumpf sold 1,295 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $22.33, for a total value of $28,917.35. Following the completion of the sale, the insider now directly owns 289,555 shares of the company’s stock, valued at approximately $6,465,763.15. The disclosure for this sale can be found here. Insiders sold a total of 299,665 shares of company stock valued at $6,435,371 in the last three months. 0.60% of the stock is currently owned by corporate insiders.

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.