The Manufacturers Life Insurance Company Has $864,000 Stock Holdings in PowerSchool Holdings, Inc. (NYSE:PWSC)

The Manufacturers Life Insurance Company boosted its stake in shares of PowerSchool Holdings, Inc. (NYSE:PWSC) by 5.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 38,606 shares of the company’s stock after buying an additional 2,158 shares during the period. The Manufacturers Life Insurance Company’s holdings in PowerSchool were worth $864,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Covestor Ltd boosted its position in shares of 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 period. Park Place Capital Corp grew its stake in shares of PowerSchool by 106.8% during the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock worth $32,000 after acquiring an additional 773 shares in the last quarter. Comerica Bank raised its holdings in shares of 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 purchasing an additional 788 shares during the last quarter. Natixis Investment Managers International raised its holdings in shares of PowerSchool by 77.1% in the first quarter. Natixis Investment Managers International now owns 3,260 shares of the company’s stock valued at $69,000 after purchasing an additional 1,419 shares during the last quarter. Finally, Quest Partners LLC lifted its position in shares of PowerSchool by 15,274.1% in the second quarter. Quest Partners LLC now owns 4,151 shares of the company’s stock worth $93,000 after purchasing an additional 4,124 shares in the last quarter. Institutional investors own 65.29% of the company’s stock.

Insider Transactions at PowerSchool

In related news, insider Shivani Stumpf sold 1,296 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $22.77, for a total value of $29,509.92. Following the completion of the transaction, the insider now directly owns 282,874 shares of the company’s stock, valued at approximately $6,441,040.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Hardeep Gulati sold 29,750 shares of PowerSchool stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $22.77, for a total transaction of $677,407.50. Following the completion of the transaction, the chief executive officer now directly owns 1,631,768 shares in the company, valued at approximately $37,155,357.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shivani Stumpf sold 1,296 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $22.77, for a total value of $29,509.92. Following the completion of the sale, the insider now owns 282,874 shares in the company, valued at approximately $6,441,040.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,215 shares of company stock worth $1,256,836 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

PowerSchool Stock Down 0.2 %

PowerSchool stock opened at $22.81 on Monday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.47. PowerSchool Holdings, Inc. has a 1-year low of $16.15 and a 1-year high of $25.16. The company has a fifty day simple moving average of $22.72 and a 200 day simple moving average of $21.51. The company has a market cap of $4.65 billion, a P/E ratio of -95.04 and a beta of 1.05.

PowerSchool (NYSE:PWSC) last released its earnings results on Friday, August 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). PowerSchool had a negative net margin of 7.51% and a positive return on equity of 6.10%. The company had revenue of $191.59 million during the quarter, compared to analyst estimates of $195.32 million. During the same period in the prior year, the firm posted $0.23 EPS. PowerSchool’s revenue was up 10.2% compared to the same quarter last year. Research analysts anticipate that PowerSchool Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

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.