New York State Common Retirement Fund Sells 84,287 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC)

New York State Common Retirement Fund lowered its position in PowerSchool Holdings, Inc. (NYSE:PWSCFree Report) by 81.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,680 shares of the company’s stock after selling 84,287 shares during the period. New York State Common Retirement Fund’s holdings in PowerSchool were worth $440,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PWSC. Orion Capital Management LLC purchased a new stake in PowerSchool in the third quarter worth $32,000. Fifth Third Bancorp purchased a new stake in shares of PowerSchool in the 3rd quarter worth about $35,000. International Assets Investment Management LLC grew its position in shares of PowerSchool by 3,244.4% in the 4th quarter. International Assets Investment Management LLC now owns 2,709 shares of the company’s stock worth $64,000 after buying an additional 2,628 shares during the period. Sentry Investment Management LLC bought a new position in shares of PowerSchool in the 4th quarter worth about $120,000. Finally, Daiwa Securities Group Inc. lifted its position in PowerSchool by 135.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,500 shares of the company’s stock valued at $193,000 after acquiring an additional 4,885 shares during the period. Hedge funds and other institutional investors own 65.29% of the company’s stock.

PowerSchool Stock Up 3.5 %

PWSC stock opened at $18.97 on Thursday. The stock has a market capitalization of $3.84 billion, a P/E ratio of -79.04 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.24 and a quick ratio of 0.24. PowerSchool Holdings, Inc. has a 1-year low of $16.15 and a 1-year high of $25.16. The business has a fifty day moving average price of $19.47 and a 200-day moving average price of $21.69.

PowerSchool (NYSE:PWSCGet Free Report) last released its quarterly earnings data on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The business had revenue of $182.14 million during the quarter, compared to the consensus estimate of $183.35 million. PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. Equities analysts forecast that PowerSchool Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PWSC shares. Barclays cut their price objective on shares of PowerSchool from $28.00 to $23.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. The Goldman Sachs Group raised their price objective on PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Needham & Company LLC reiterated a “buy” rating and set a $26.00 price objective on shares of PowerSchool in a research note on Tuesday. TheStreet cut PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. Finally, UBS Group reduced their price target on PowerSchool from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, PowerSchool presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.44.

Get Our Latest Stock Analysis on PWSC

Insider Transactions at PowerSchool

In related news, CRO Anthony Kender sold 6,809 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total transaction of $138,222.70. Following the transaction, the executive now owns 202,356 shares in the company, valued at $4,107,826.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other PowerSchool news, CEO Hardeep Gulati sold 6,171 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $21.33, for a total transaction of $131,627.43. Following the completion of the sale, the chief executive officer now directly owns 1,905,667 shares in the company, valued at approximately $40,647,877.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Anthony Kender sold 6,809 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total transaction of $138,222.70. Following the sale, the executive now directly owns 202,356 shares of the company’s stock, valued at approximately $4,107,826.80. The disclosure for this sale can be found here. Insiders sold 182,706 shares of company stock worth $3,818,727 over the last three months. 0.60% of the stock is currently owned by company insiders.

About PowerSchool

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for PowerSchool (NYSE:PWSC)

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