Oppenheimer Asset Management Inc. Purchases Shares of 54,507 PowerSchool Holdings, Inc. (NYSE:PWSC)

Oppenheimer Asset Management Inc. bought a new stake in shares of PowerSchool Holdings, Inc. (NYSE:PWSCFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 54,507 shares of the company’s stock, valued at approximately $1,235,000.

A number of other hedge funds also recently made changes to their positions in the business. Premier Fund Managers Ltd purchased a new position in shares of PowerSchool during the 3rd quarter valued at $260,000. New York State Common Retirement Fund grew its position in shares of PowerSchool by 331.5% in the third quarter. New York State Common Retirement Fund now owns 102,967 shares of the company’s stock valued at $2,333,000 after purchasing an additional 79,105 shares in the last quarter. Barclays PLC raised its stake in shares of PowerSchool by 42.2% during the 3rd quarter. Barclays PLC now owns 95,452 shares of the company’s stock valued at $2,162,000 after purchasing an additional 28,324 shares during the period. Fort Washington Investment Advisors Inc. OH bought a new position in PowerSchool in the 3rd quarter worth about $15,508,000. Finally, Lisanti Capital Growth LLC bought a new position in shares of PowerSchool in the third quarter valued at approximately $7,316,000. 65.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. William Blair reissued an “outperform” rating on shares of PowerSchool in a report on Wednesday, November 8th. Piper Sandler reissued an “overweight” rating and set a $28.00 price objective on shares of PowerSchool in a report on Tuesday, January 23rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $30.00 price target on shares of PowerSchool in a research report on Wednesday, November 8th. TheStreet lowered shares of PowerSchool from a “b-” rating to a “c” rating in a report on Monday, January 29th. Finally, UBS Group upped their price objective on shares of PowerSchool from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, December 15th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.10.

Get Our Latest Stock Report on PowerSchool

Insider Activity at PowerSchool

In related news, insider Shivani Stumpf sold 2,841 shares of PowerSchool stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $22.55, for a total transaction of $64,064.55. Following the completion of the transaction, the insider now directly owns 234,113 shares of the company’s stock, valued at approximately $5,279,248.15. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Shivani Stumpf sold 2,841 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $22.55, for a total value of $64,064.55. Following the transaction, the insider now owns 234,113 shares in the company, valued at approximately $5,279,248.15. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Eric Ryan Shander sold 2,600 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $23.66, for a total transaction of $61,516.00. Following the sale, the chief financial officer now owns 526,098 shares of the company’s stock, valued at $12,447,478.68. The disclosure for this sale can be found here. Insiders have sold 142,848 shares of company stock worth $3,256,725 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

PowerSchool Stock Up 0.2 %

Shares of NYSE PWSC opened at $23.92 on Thursday. The firm has a fifty day simple moving average of $23.51 and a two-hundred day simple moving average of $22.42. PowerSchool Holdings, Inc. has a 12 month low of $16.41 and a 12 month high of $25.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91.

PowerSchool (NYSE:PWSCGet Free Report) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $182.16 million during the quarter, compared to the consensus estimate of $179.32 million. PowerSchool had a negative net margin of 2.53% and a positive return on equity of 7.40%. Equities research analysts expect that PowerSchool Holdings, Inc. will post 0.54 EPS for the current year.

About PowerSchool

(Free Report)

PowerSchool Holdings, Inc, together with its subsidiaries, offers cloud-based software to the K-12 education market. Its solution embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts. In addition, the company provides cloud-based technology platform helps schools and districts manage state reporting and related compliance, special education, finance, human resource, talent, registration, attendance, funding, learning, instruction, behavior, grading, college and career readiness, assessments, and analytics.

Recommended Stories

Institutional Ownership by Quarter for PowerSchool (NYSE:PWSC)

Receive News & Ratings for PowerSchool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerSchool and related companies with MarketBeat.com's FREE daily email newsletter.