Principal Financial Group Inc. Acquires 4,576 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC)

Principal Financial Group Inc. grew its holdings in PowerSchool Holdings, Inc. (NYSE:PWSC) by 12.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 42,495 shares of the company’s stock after buying an additional 4,576 shares during the quarter. Principal Financial Group Inc.’s holdings in PowerSchool were worth $951,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in PowerSchool by 38.3% in the fourth quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock valued at $224,089,000 after acquiring an additional 2,634,169 shares in the last quarter. Riverbridge Partners LLC increased its position in PowerSchool by 59.5% during the 1st quarter. Riverbridge Partners LLC now owns 2,508,871 shares of the company’s stock valued at $53,414,000 after buying an additional 935,648 shares in the last quarter. Blair William & Co. IL raised its stake in PowerSchool by 17.8% in the first quarter. Blair William & Co. IL now owns 3,946,379 shares of the company’s stock valued at $84,018,000 after buying an additional 597,521 shares during the last quarter. Wasatch Advisors LP boosted its holdings in PowerSchool by 12.7% in the first quarter. Wasatch Advisors LP now owns 3,932,460 shares of the company’s stock worth $83,722,000 after acquiring an additional 442,340 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of PowerSchool by 37.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,391,055 shares of the company’s stock worth $32,773,000 after acquiring an additional 380,586 shares during the last quarter. Institutional investors own 65.29% of the company’s stock.

PowerSchool Stock Up 0.1 %

PWSC stock opened at $22.75 on Friday. PowerSchool Holdings, Inc. has a one year low of $16.15 and a one year high of $25.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.28 and a current ratio of 0.28. The firm’s fifty day moving average is $22.60 and its 200 day moving average is $21.22. The firm has a market cap of $4.63 billion, a PE ratio of -94.79 and a beta of 1.05.

PowerSchool (NYSE:PWSC) last released its quarterly earnings results on Friday, August 9th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The business had revenue of $191.59 million during the quarter, compared to analyst estimates of $195.32 million. PowerSchool had a positive return on equity of 6.10% and a negative net margin of 7.51%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. On average, research analysts forecast that PowerSchool Holdings, Inc. will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $22.80 target price (down from $25.00) on shares of PowerSchool in a research note on Friday, June 7th. Raymond James lowered PowerSchool from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 11th. Macquarie lowered PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price objective on the stock. in a report on Monday, June 10th. William Blair reaffirmed a “market perform” rating on shares of PowerSchool in a report on Friday, June 7th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $22.80 price target (down from $30.00) on shares of PowerSchool in a research report on Monday, June 10th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, PowerSchool has a consensus rating of “Hold” and a consensus price target of $24.02.

Insider Buying and Selling

In other PowerSchool news, CTO Devendra Singh sold 2,235 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $22.33, for a total transaction of $49,907.55. Following the completion of the sale, the chief technology officer now directly owns 394,377 shares in the company, valued at approximately $8,806,438.41. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Eric Ryan Shander sold 4,797 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $22.33, for a total transaction of $107,117.01. Following the completion of the sale, the chief financial officer now owns 503,353 shares of the company’s stock, valued at approximately $11,239,872.49. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Devendra Singh sold 2,235 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $22.33, for a total value of $49,907.55. Following the transaction, the chief technology officer now owns 394,377 shares in the company, valued at $8,806,438.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,790 shares of company stock valued at $3,155,772. 0.60% of the stock is owned by corporate insiders.

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.