345,349 Shares in PowerSchool Holdings, Inc. (NYSE:PWSC) Purchased by Gabelli Funds LLC

Gabelli Funds LLC acquired a new stake in shares of PowerSchool Holdings, Inc. (NYSE:PWSC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 345,349 shares of the company’s stock, valued at approximately $7,732,000. Gabelli Funds LLC owned approximately 0.17% of PowerSchool at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PWSC. Principal Financial Group Inc. boosted its stake in PowerSchool by 37.5% in the 4th quarter. Principal Financial Group Inc. now owns 40,059 shares of the company’s stock valued at $944,000 after buying an additional 10,932 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of PowerSchool by 14.3% in the 4th 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 in the last quarter. Homestead Advisers Corp grew its holdings in shares of PowerSchool by 29.8% in the 1st quarter. Homestead Advisers Corp now owns 207,669 shares of the company’s stock worth $4,421,000 after purchasing an additional 47,700 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of PowerSchool by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,214,232 shares of the company’s stock worth $25,852,000 after purchasing an additional 62,870 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in PowerSchool by 58.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 104,299 shares of the company’s stock valued at $2,221,000 after purchasing an additional 38,582 shares during the last quarter. 65.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Shivani Stumpf sold 1,296 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $22.77, for a total value of $29,509.92. Following the transaction, the insider now owns 282,874 shares of the company’s stock, valued at approximately $6,441,040.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Shivani Stumpf sold 1,296 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $22.77, for a total value of $29,509.92. Following the completion of the sale, the insider now directly owns 282,874 shares of the company’s stock, valued at approximately $6,441,040.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Eric Ryan Shander sold 4,800 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $22.77, for a total transaction of $109,296.00. Following the completion of the sale, the chief financial officer now owns 417,747 shares in the company, valued at $9,512,099.19. The disclosure for this sale can be found here. In the last 90 days, insiders sold 155,850 shares of company stock valued at $3,514,986. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $22.80 price objective (down from $30.00) on shares of PowerSchool in a research note on Monday, June 10th. Piper Sandler reaffirmed a “neutral” rating and set a $22.80 price target (down from $24.00) on shares of PowerSchool in a report on Friday, June 7th. William Blair reiterated a “market perform” rating on shares of PowerSchool in a research report on Friday, June 7th. Cantor Fitzgerald restated a “neutral” rating and set a $22.80 target price (down previously from $25.00) on shares of PowerSchool in a report on Friday, June 7th. Finally, Macquarie cut PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price target for the company. in a report on Monday, June 10th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.02.

PowerSchool Price Performance

Shares of PWSC stock opened at $22.79 on Tuesday. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of -94.94 and a beta of 1.05. 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 stock has a 50-day moving average price of $22.64 and a 200 day moving average price of $21.31.

PowerSchool (NYSE:PWSC) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.23 EPS 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 analyst estimates of $195.32 million. PowerSchool had a positive return on equity of 6.10% and a negative net margin of 7.51%. During the same quarter in the prior year, the firm earned $0.23 EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts expect that PowerSchool Holdings, Inc. will post 0.5 EPS for the current year.

About PowerSchool

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.