PowerSchool Holdings, Inc. (NYSE:PWSC) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in PowerSchool Holdings, Inc. (NYSE:PWSC) by 26.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,520 shares of the company’s stock after buying an additional 2,200 shares during the period. Daiwa Securities Group Inc.’s holdings in PowerSchool were worth $236,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of PowerSchool by 38.3% in the fourth quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock worth $224,089,000 after acquiring an additional 2,634,169 shares during the last quarter. Pentwater Capital Management LP purchased a new position in PowerSchool in the 2nd quarter valued at $22,547,000. Riverbridge Partners LLC boosted its stake in PowerSchool by 59.5% during the 1st quarter. Riverbridge Partners LLC now owns 2,508,871 shares of the company’s stock worth $53,414,000 after purchasing an additional 935,648 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of PowerSchool by 17.8% during the first quarter. Blair William & Co. IL now owns 3,946,379 shares of the company’s stock worth $84,018,000 after buying an additional 597,521 shares in the last quarter. Finally, Wasatch Advisors LP raised its position in shares of PowerSchool by 12.7% in the first quarter. Wasatch Advisors LP now owns 3,932,460 shares of the company’s stock valued at $83,722,000 after buying an additional 442,340 shares during the last quarter. 65.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Eric Ryan Shander sold 29,200 shares of PowerSchool stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $22.51, for a total value of $657,292.00. Following the completion of the sale, the chief financial officer now directly owns 425,524 shares of the company’s stock, valued at $9,578,545.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other PowerSchool news, CMO Fred Studer sold 1,299 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $4,160,273.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Eric Ryan Shander sold 29,200 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $22.51, for a total value of $657,292.00. Following the sale, the chief financial officer now directly owns 425,524 shares in the company, valued at approximately $9,578,545.24. The disclosure for this sale can be found here. Insiders have sold 140,790 shares of company stock worth $3,155,772 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

PWSC has been the topic of a number of recent research reports. Robert W. Baird restated a “neutral” rating and set a $23.00 price target (down from $26.00) on shares of PowerSchool in a research report on Friday, June 7th. William Blair restated a “market perform” rating on shares of PowerSchool in a research report on Friday, June 7th. Raymond James cut PowerSchool from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. Baird R W lowered PowerSchool from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 7th. Finally, Piper Sandler reiterated a “neutral” rating and set a $22.80 price target (down previously from $24.00) on shares of PowerSchool in a report on Friday, June 7th. 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, the company presently has a consensus rating of “Hold” and an average price target of $24.02.

PowerSchool Trading Up 0.1 %

NYSE PWSC opened at $22.78 on Wednesday. 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 stock has a market capitalization of $4.65 billion, a P/E ratio of -94.90 and a beta of 1.05. The firm’s 50-day moving average is $22.61 and its two-hundred day moving average is $21.25. PowerSchool Holdings, Inc. has a 12 month low of $16.15 and a 12 month high of $25.16.

PowerSchool (NYSE:PWSC) last released its quarterly 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). The company had revenue of $191.59 million during the quarter, compared to analysts’ expectations of $195.32 million. PowerSchool had a negative net margin of 7.51% and a positive return on equity of 6.10%. PowerSchool’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $0.23 earnings per share. On average, sell-side analysts anticipate that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current year.

PowerSchool Profile

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.