PowerSchool (NYSE:PWSC) Sees Unusually-High Trading Volume

PowerSchool Holdings, Inc. (NYSE:PWSC) saw an uptick in trading volume on Thursday . 1,455,656 shares changed hands during mid-day trading, an increase of 1% from the previous session’s volume of 1,443,394 shares.The stock last traded at $22.69 and had previously closed at $22.68.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird restated a “neutral” rating and issued a $23.00 price objective (down from $26.00) on shares of PowerSchool in a report on Friday, June 7th. Macquarie downgraded shares of 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. UBS Group reduced their price target on shares of PowerSchool from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $22.80 price target (down previously from $25.00) on shares of PowerSchool in a research report on Friday, June 7th. Finally, Barclays decreased their price target on PowerSchool from $28.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, PowerSchool presently has an average rating of “Hold” and a consensus target price of $24.02.

PowerSchool Price Performance

The stock has a market cap of $4.62 billion, a price-to-earnings ratio of -94.63 and a beta of 1.06. The company’s 50 day moving average is $22.54 and its 200 day moving average is $21.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.28 and a quick ratio of 0.28.

PowerSchool (NYSE:PWSC) last posted its earnings results 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 firm had revenue of $191.59 million during the quarter, compared to analyst estimates of $195.32 million. PowerSchool had a negative net margin of 7.51% and a positive return on equity of 6.10%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS. Research analysts forecast that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Insider Buying and Selling at PowerSchool

In related news, CFO Eric Ryan Shander sold 30,914 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $22.51, for a total value of $695,874.14. Following the sale, the chief financial officer now owns 462,650 shares of the company’s stock, valued at approximately $10,414,251.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Eric Ryan Shander sold 30,914 shares of the business’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $22.51, for a total value of $695,874.14. Following the completion of the transaction, the chief financial officer now owns 462,650 shares of the company’s stock, valued at approximately $10,414,251.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Hardeep Gulati sold 85,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,715,667 shares in the company, valued at $36,629,490.45. The disclosure for this sale can be found here. In the last three months, insiders sold 255,074 shares of company stock worth $5,620,170. 0.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of PowerSchool by 10.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,076 shares of the company’s stock valued at $285,000 after purchasing an additional 1,163 shares during the last quarter. Truist Financial Corp purchased a new stake in PowerSchool during the fourth quarter valued at about $314,000. Russell Investments Group Ltd. increased its stake in PowerSchool by 19.4% during the fourth quarter. Russell Investments Group Ltd. now owns 166,924 shares of the company’s stock worth $3,933,000 after acquiring an additional 27,138 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of PowerSchool by 34.6% in the 4th quarter. Van ECK Associates Corp now owns 13,708 shares of the company’s stock worth $323,000 after purchasing an additional 3,526 shares during the period. Finally, Benjamin Edwards Inc. increased its position in PowerSchool by 12.8% during the 4th quarter. Benjamin Edwards Inc. now owns 8,351 shares of the company’s stock worth $197,000 after purchasing an additional 947 shares in the last quarter. 65.29% of the stock is currently owned by institutional investors and hedge funds.

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.