Entropy Technologies LP Buys New Stake in PowerSchool Holdings, Inc. (NYSE:PWSC)

Entropy Technologies LP purchased a new position in shares of PowerSchool Holdings, Inc. (NYSE:PWSC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,688 shares of the company’s stock, valued at approximately $355,000.

Other large investors have also recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. lifted its stake in shares of PowerSchool by 11.1% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 54,860 shares of the company’s stock worth $1,168,000 after acquiring an additional 5,490 shares during the period. ProShare Advisors LLC lifted its stake in shares of PowerSchool by 14.8% in the 1st quarter. ProShare Advisors LLC now owns 14,258 shares of the company’s stock worth $304,000 after acquiring an additional 1,836 shares during the period. Sei Investments Co. increased its holdings in shares of PowerSchool by 99.8% in the 1st quarter. Sei Investments Co. now owns 564,622 shares of the company’s stock valued at $12,021,000 after purchasing an additional 282,095 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of PowerSchool by 58.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 104,299 shares of the company’s stock valued at $2,221,000 after purchasing an additional 38,582 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of PowerSchool in the 1st quarter valued at about $108,000. Institutional investors and hedge funds own 65.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Raymond James downgraded shares of PowerSchool from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. Macquarie cut shares of PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 target price on the stock. in a research report on Monday, June 10th. Baird R W cut shares of PowerSchool from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 7th. Barclays decreased their target price on shares of PowerSchool from $28.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $23.00 target price (down from $26.00) on shares of PowerSchool in a research report on Friday, June 7th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, PowerSchool has a consensus rating of “Hold” and a consensus price target of $24.52.

Insiders Place Their Bets

In other PowerSchool news, CEO Hardeep Gulati sold 85,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $21.35, for a total transaction of $1,814,750.00. Following the sale, the chief executive officer now owns 1,715,667 shares in the company, valued at approximately $36,629,490.45. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Eric Ryan Shander sold 16,070 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $22.12, for a total value of $355,468.40. Following the transaction, the chief financial officer now owns 515,061 shares in the company, valued at approximately $11,393,149.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hardeep Gulati sold 85,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $21.35, for a total value of $1,814,750.00. Following the completion of the transaction, the chief executive officer now owns 1,715,667 shares in the company, valued at approximately $36,629,490.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 331,708 shares of company stock worth $7,195,695. Company insiders own 0.60% of the company’s stock.

PowerSchool Trading Up 0.1 %

PWSC stock traded up $0.02 during trading on Friday, hitting $22.48. The company had a trading volume of 60,755 shares, compared to its average volume of 1,511,068. PowerSchool Holdings, Inc. has a fifty-two week low of $16.15 and a fifty-two week high of $25.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.24. The business has a 50 day moving average of $21.65 and a 200 day moving average of $21.57.

PowerSchool (NYSE:PWSC) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. The business had revenue of $184.97 million during the quarter, compared to analyst estimates of $184.45 million. On average, equities research analysts expect that PowerSchool Holdings, Inc. will post 0.5 EPS 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.