Fred Studer Sells 1,045 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CMO Fred Studer sold 1,045 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $20.87, for a total value of $21,809.15. Following the sale, the chief marketing officer now owns 162,640 shares of the company’s stock, valued at approximately $3,394,296.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Fred Studer also recently made the following trade(s):

• On Tuesday, March 5th, Fred Studer sold 6,065 shares of PowerSchool stock. The stock was sold at an average price of $20.30, for a total value of $123,119.50.

PowerSchool Stock Up 1.9 %

Shares of NYSE:PWSC opened at $21.29 on Friday. The stock’s 50-day moving average price is $22.49 and its two-hundred day moving average price is $22.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. PowerSchool Holdings, Inc. has a 12-month low of $16.41 and a 12-month high of $25.16.

PowerSchool (NYSE:PWSC) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The business had revenue of $182.14 million during the quarter, compared to analyst estimates of $183.35 million. PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. As a group, equities analysts expect that PowerSchool Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PWSC. The Goldman Sachs Group upped their price target on PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. UBS Group raised their price target on PowerSchool from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, December 15th. Piper Sandler restated an “overweight” rating and issued a $29.00 price target on shares of PowerSchool in a research report on Wednesday, March 6th. Finally, TheStreet cut PowerSchool from a “b-” rating to a “c” rating in a research report on Monday, January 29th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Hedge Funds Weigh In On PowerSchool

A number of large investors have recently modified their holdings of PWSC. JPMorgan Chase & Co. raised its holdings in shares of PowerSchool by 247.8% in the 1st quarter. JPMorgan Chase & Co. now owns 137,255 shares of the company’s stock worth $2,266,000 after purchasing an additional 97,789 shares during the period. MetLife Investment Management LLC raised its holdings in shares of PowerSchool by 22.8% in the 1st quarter. MetLife Investment Management LLC now owns 24,839 shares of the company’s stock worth $410,000 after purchasing an additional 4,613 shares during the period. Blair William & Co. IL raised its holdings in shares of PowerSchool by 54.2% in the 1st quarter. Blair William & Co. IL now owns 122,454 shares of the company’s stock worth $2,022,000 after purchasing an additional 43,039 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of PowerSchool in the 1st quarter worth about $11,702,000. Finally, Sei Investments Co. raised its holdings in shares of PowerSchool by 2.6% during the 1st quarter. Sei Investments Co. now owns 79,000 shares of the company’s stock valued at $1,304,000 after buying an additional 2,000 shares during the period. 65.29% of the stock is currently owned by hedge funds and other institutional investors.

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.