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

PowerSchool Holdings, Inc. (NYSE:PWSC) shares saw strong trading volume on Friday . 1,098,680 shares were traded during trading, a decline of 23% from the previous session’s volume of 1,418,917 shares.The stock last traded at $22.32 and had previously closed at $22.33.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $23.00 price objective (down previously from $26.00) on shares of PowerSchool in a research report on Friday, June 7th. Cantor Fitzgerald reissued a “neutral” rating and issued a $22.80 target price (down previously from $25.00) on shares of PowerSchool in a research note on Friday, June 7th. UBS Group lowered their target price on shares of PowerSchool from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Jefferies Financial Group reissued a “hold” rating and issued a $22.80 target price (down previously from $30.00) on shares of PowerSchool in a research note on Monday, June 10th. Finally, Raymond James cut shares of PowerSchool from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 11th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, PowerSchool has a consensus rating of “Hold” and an average target price of $24.52.

PowerSchool Price Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market capitalization of $4.55 billion, a P/E ratio of -93.17 and a beta of 1.06. The company’s 50 day simple moving average is $19.84 and its two-hundred day simple moving average is $21.66.

PowerSchool (NYSE:PWSC) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03). The firm had revenue of $184.97 million for the quarter, compared to the consensus estimate of $184.45 million. PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. As a group, equities analysts expect that PowerSchool Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Hardeep Gulati sold 1,400 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $21.04, for a total transaction of $29,456.00. Following the sale, the chief executive officer now directly owns 2,059,216 shares of the company’s stock, valued at $43,325,904.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Eric Ryan Shander sold 3,250 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $20.87, for a total transaction of $67,827.50. Following the sale, the chief financial officer now directly owns 488,941 shares of the company’s stock, valued at $10,204,198.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hardeep Gulati sold 1,400 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $21.04, for a total transaction of $29,456.00. Following the sale, the chief executive officer now directly owns 2,059,216 shares in the company, valued at $43,325,904.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 300,105 shares of company stock valued at $6,322,664. 0.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PowerSchool

Several large investors have recently bought and sold shares of PWSC. Covestor Ltd lifted its holdings in PowerSchool by 353.4% in the first quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $27,000 after buying an additional 1,000 shares during the period. Orion Capital Management LLC acquired a new position in PowerSchool in the third quarter valued at approximately $32,000. Park Place Capital Corp lifted its holdings in PowerSchool by 106.8% in the first quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after buying an additional 773 shares during the period. Comerica Bank lifted its holdings in PowerSchool by 111.8% in the first quarter. Comerica Bank now owns 1,493 shares of the company’s stock valued at $32,000 after buying an additional 788 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in PowerSchool by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock valued at $54,000 after buying an additional 746 shares during the period. 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.