PowerSchool (NYSE:PWSC) Sees Large Volume Increase

Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) saw unusually-high trading volume on Thursday . Approximately 4,732,577 shares traded hands during mid-day trading, an increase of 225% from the previous session’s volume of 1,454,435 shares.The stock last traded at $22.78 and had previously closed at $22.76.

Wall Street Analysts Forecast Growth

PWSC has been the subject of a number of recent analyst reports. Raymond James downgraded shares of PowerSchool from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. William Blair reaffirmed a “market perform” rating on shares of PowerSchool in a research note on Friday, June 7th. Macquarie downgraded shares of PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price target on the stock. in a research note on Monday, June 10th. Robert W. Baird reiterated a “neutral” rating and set a $23.00 price objective (down from $26.00) on shares of PowerSchool in a research report on Friday, June 7th. Finally, Baird R W downgraded shares of PowerSchool from a “strong-buy” rating to a “hold” rating in a report on Friday, June 7th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $24.02.

PowerSchool Stock Performance

The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of -94.96 and a beta of 1.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a fifty day simple moving average of $22.63 and a two-hundred day simple moving average of $21.27.

PowerSchool (NYSE:PWSC) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). PowerSchool had a negative net margin of 7.51% and a positive return on equity of 6.10%. The business had revenue of $191.59 million during the quarter, compared to analyst estimates of $195.32 million. During the same period last year, the firm posted $0.23 earnings per share. PowerSchool’s quarterly revenue was up 10.2% compared to the same quarter last year. Analysts forecast that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Insider Activity

In other news, 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 transaction of $29,032.65. Following the transaction, the chief marketing officer now directly owns 186,142 shares of the company’s stock, valued at $4,160,273.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Devendra Singh sold 5,360 shares of the firm’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 $119,796.00. Following the transaction, the chief technology officer now owns 389,017 shares in the company, valued at $8,694,529.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Fred Studer sold 1,299 shares of the company’s stock in a transaction 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 sale, the chief marketing officer now owns 186,142 shares of the company’s stock, valued at approximately $4,160,273.70. The disclosure for this sale can be found here. Insiders sold a total of 155,850 shares of company stock worth $3,514,986 in the last three months. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On PowerSchool

A number of hedge funds have recently bought and sold shares of PWSC. Covestor Ltd lifted its holdings in PowerSchool by 353.4% during the first quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $27,000 after acquiring an additional 1,000 shares during the period. Park Place Capital Corp grew its position in PowerSchool by 106.8% during the first quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after buying an additional 773 shares during the period. Comerica Bank increased its holdings in PowerSchool by 111.8% during the first quarter. Comerica Bank now owns 1,493 shares of the company’s stock worth $32,000 after buying an additional 788 shares during the last quarter. Natixis Investment Managers International raised its position in PowerSchool by 77.1% in the first quarter. Natixis Investment Managers International now owns 3,260 shares of the company’s stock worth $69,000 after acquiring an additional 1,419 shares during the period. Finally, Quest Partners LLC boosted its stake in PowerSchool by 15,274.1% in the second quarter. Quest Partners LLC now owns 4,151 shares of the company’s stock valued at $93,000 after acquiring an additional 4,124 shares during the last quarter. 65.29% of the stock is owned by hedge funds and other institutional investors.

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.