Sei Investments Co. Has $4.92 Million Stock Holdings in PowerSchool Holdings, Inc. (NYSE:PWSC)

Sei Investments Co. lowered its stake in shares of PowerSchool Holdings, Inc. (NYSE:PWSC) by 61.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 219,507 shares of the company’s stock after selling 345,115 shares during the period. Sei Investments Co. owned approximately 0.11% of PowerSchool worth $4,915,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Covestor Ltd raised 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 raised its holdings in shares of PowerSchool by 111.8% in the 1st quarter. Comerica Bank now owns 1,493 shares of the company’s stock worth $32,000 after acquiring an additional 788 shares during the last quarter. Park Place Capital Corp lifted its position in PowerSchool by 106.8% in the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after acquiring an additional 773 shares in the last quarter. Natixis Investment Managers International boosted its stake in PowerSchool by 77.1% during the 1st 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 increased its holdings in PowerSchool by 15,274.1% during the 2nd 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.

PowerSchool Stock Performance

NYSE:PWSC opened at $22.81 on Wednesday. PowerSchool Holdings, Inc. has a 52-week low of $16.15 and a 52-week high of $25.16. The business’s fifty day moving average is $22.68 and its 200 day moving average is $21.40. 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 has a market cap of $4.65 billion, a price-to-earnings ratio of -95.04 and a beta of 1.05.

PowerSchool (NYSE:PWSC) last announced 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). PowerSchool had a positive return on equity of 6.10% and a negative net margin of 7.51%. The firm had revenue of $191.59 million during the quarter, compared to analysts’ expectations of $195.32 million. During the same period in the previous year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts predict that PowerSchool Holdings, Inc. will post 0.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Robert W. Baird restated a “neutral” rating and set a $23.00 price target (down previously from $26.00) on shares of PowerSchool in a research report on Friday, June 7th. Raymond James lowered shares of PowerSchool from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 11th. Piper Sandler reiterated a “neutral” rating and issued a $22.80 price objective (down previously from $24.00) on shares of PowerSchool in a research note on Friday, June 7th. Cantor Fitzgerald reissued a “neutral” rating and issued a $22.80 target price (down from $25.00) on shares of PowerSchool in a research report on Friday, June 7th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $22.80 price target (down previously from $30.00) on shares of PowerSchool in a research report on Monday, June 10th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.02.

Insiders Place Their Bets

In other news, insider Shivani Stumpf sold 2,088 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $22.79, for a total transaction of $47,585.52. Following the completion of the transaction, the insider now directly owns 277,489 shares in the company, valued at approximately $6,323,974.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Eric Ryan Shander sold 30,914 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $22.51, for a total value of $695,874.14. Following the transaction, the chief financial officer now directly owns 462,650 shares in the company, valued at $10,414,251.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shivani Stumpf sold 2,088 shares of PowerSchool stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $22.79, for a total transaction of $47,585.52. Following the sale, the insider now owns 277,489 shares of the company’s stock, valued at $6,323,974.31. The disclosure for this sale can be found here. Insiders have sold 115,329 shares of company stock worth $2,610,002 in the last three months. 0.60% of the stock is currently owned by corporate insiders.

PowerSchool Company 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.