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

Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) saw an uptick in trading volume on Wednesday . 3,756,924 shares changed hands during mid-day trading, an increase of 152% from the previous session’s volume of 1,492,931 shares.The stock last traded at $22.80 and had previously closed at $22.79.

Analyst Ratings Changes

PWSC has been the subject of a number of recent analyst reports. Raymond James lowered shares of PowerSchool from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 11th. William Blair reaffirmed a “market perform” rating on shares of PowerSchool in a research note on Friday, June 7th. Cantor Fitzgerald reissued a “neutral” rating and issued a $22.80 price target (down previously from $25.00) on shares of PowerSchool in a research note on Friday, June 7th. Robert W. Baird reaffirmed a “neutral” rating and set a $23.00 target price (down previously from $26.00) on shares of PowerSchool in a research report on Friday, June 7th. Finally, Piper Sandler reissued a “neutral” rating and issued a $22.80 price objective (down from $24.00) on shares of PowerSchool in a research report on Friday, June 7th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $24.02.

PowerSchool Stock Up 0.1 %

The company has a debt-to-equity ratio of 0.47, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a 50 day simple moving average of $22.65 and a 200-day simple moving average of $21.33. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of -94.96 and a beta of 1.05.

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

Insider Transactions at PowerSchool

In other news, CMO Fred Studer sold 1,299 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $22.35, for a total transaction of $29,032.65. Following the sale, the chief marketing officer now owns 186,142 shares in the company, valued at $4,160,273.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CTO Devendra Singh sold 5,360 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $22.35, for a total value of $119,796.00. Following the transaction, the chief technology officer now owns 389,017 shares in the company, valued at $8,694,529.95. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Fred Studer sold 1,299 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $22.35, for a total value of $29,032.65. Following the completion of the transaction, the chief marketing officer now owns 186,142 shares in the company, valued at approximately $4,160,273.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 154,098 shares of company stock worth $3,475,864. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On PowerSchool

Several hedge funds have recently added to or reduced their stakes in PWSC. Covestor Ltd boosted its holdings in PowerSchool by 353.4% during the first quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $27,000 after buying an additional 1,000 shares during the last quarter. Comerica Bank boosted its holdings in PowerSchool by 111.8% during the first quarter. Comerica Bank now owns 1,493 shares of the company’s stock worth $32,000 after buying an additional 788 shares during the last quarter. Park Place Capital Corp boosted its holdings in PowerSchool by 106.8% during the first quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock worth $32,000 after buying an additional 773 shares during the last quarter. Natixis Investment Managers International boosted its holdings in PowerSchool by 77.1% during the first quarter. Natixis Investment Managers International now owns 3,260 shares of the company’s stock worth $69,000 after buying an additional 1,419 shares during the last quarter. Finally, Quest Partners LLC boosted its holdings in PowerSchool by 15,274.1% during the second quarter. Quest Partners LLC now owns 4,151 shares of the company’s stock worth $93,000 after buying an additional 4,124 shares during the last quarter. Institutional investors own 65.29% of the company’s stock.

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.