Truist Financial Corp Has $600,000 Stock Position in PowerSchool Holdings, Inc. (NYSE:PWSC)

Truist Financial Corp grew its position in PowerSchool Holdings, Inc. (NYSE:PWSC) by 23.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 26,804 shares of the company’s stock after buying an additional 5,039 shares during the period. Truist Financial Corp’s holdings in PowerSchool were worth $600,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PWSC. Vanguard Group Inc. increased its stake in shares of PowerSchool by 38.3% in the 4th quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock valued at $224,089,000 after buying an additional 2,634,169 shares during the period. Pentwater Capital Management LP bought a new position in shares of PowerSchool in the 2nd quarter worth $22,547,000. Alpine Associates Management Inc. bought a new position in shares of PowerSchool in the 2nd quarter worth $15,882,000. Blair William & Co. IL boosted its position in shares of PowerSchool by 17.8% in the 1st quarter. Blair William & Co. IL now owns 3,946,379 shares of the company’s stock worth $84,018,000 after purchasing an additional 597,521 shares during the last quarter. Finally, Water Island Capital LLC bought a new position in shares of PowerSchool in the 2nd quarter worth $11,215,000. 65.29% of the stock is owned by institutional investors and hedge funds.

PowerSchool Price Performance

NYSE:PWSC opened at $22.81 on Wednesday. PowerSchool Holdings, Inc. has a 12-month low of $16.15 and a 12-month high of $25.16. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $4.65 billion, a P/E ratio of -95.04 and a beta of 1.05. The stock’s fifty day simple moving average is $22.73 and its 200-day simple moving average is $21.53.

PowerSchool (NYSE:PWSC) last released its quarterly earnings data on Friday, August 9th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). The business had revenue of $191.59 million for the quarter, compared to the consensus estimate of $195.32 million. PowerSchool had a negative net margin of 7.51% and a positive return on equity of 6.10%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. Equities research analysts expect that PowerSchool Holdings, Inc. will post 0.52 earnings per share for the current year.

Insider Activity at PowerSchool

In related news, insider Shivani Stumpf sold 2,088 shares of PowerSchool stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $22.79, for a total value of $47,585.52. Following the sale, the insider now owns 277,489 shares of the company’s stock, valued at approximately $6,323,974.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CTO Devendra Singh sold 2,236 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $22.77, for a total value of $50,913.72. Following the completion of the sale, the chief technology officer now directly owns 386,781 shares of the company’s stock, valued at $8,807,003.37. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Shivani Stumpf sold 2,088 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $22.79, for a total value of $47,585.52. Following the sale, the insider now owns 277,489 shares of the company’s stock, valued at approximately $6,323,974.31. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,215 shares of company stock valued at $1,256,836. Corporate insiders own 0.60% of the company’s stock.

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.