AMI Asset Management Corp Cuts Stake in PowerSchool Holdings, Inc. (NYSE:PWSC)

AMI Asset Management Corp decreased its holdings in PowerSchool Holdings, Inc. (NYSE:PWSC) by 58.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,190 shares of the company’s stock after selling 107,336 shares during the period. AMI Asset Management Corp’s holdings in PowerSchool were worth $1,706,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Covestor Ltd boosted its position in PowerSchool by 353.4% during the 1st quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $27,000 after buying an additional 1,000 shares during the period. Park Place Capital Corp boosted its position in PowerSchool by 106.8% during the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after buying an additional 773 shares during the period. Comerica Bank boosted its position in PowerSchool by 111.8% during the 1st quarter. Comerica Bank now owns 1,493 shares of the company’s stock valued at $32,000 after buying an additional 788 shares during the period. International Assets Investment Management LLC boosted its position in PowerSchool by 3,244.4% during the 4th quarter. International Assets Investment Management LLC now owns 2,709 shares of the company’s stock valued at $64,000 after buying an additional 2,628 shares during the period. Finally, Natixis Investment Managers International boosted its position 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 buying an additional 1,419 shares during the period. Hedge funds and other institutional investors own 65.29% of the company’s stock.

PowerSchool Stock Up 0.0 %

Shares of PowerSchool stock traded up $0.01 during trading on Friday, hitting $22.67. The company’s stock had a trading volume of 746,070 shares, compared to its average volume of 1,456,908. 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 company has a fifty day simple moving average of $22.50 and a two-hundred day simple moving average of $21.35. The company has a market capitalization of $4.62 billion, a PE ratio of -94.46 and a beta of 1.06. PowerSchool Holdings, Inc. has a 52 week low of $16.15 and a 52 week high of $25.16.

PowerSchool (NYSE:PWSC) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). The business had revenue of $191.59 million during 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%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 earnings per share. Equities research analysts predict that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PWSC shares. Jefferies Financial Group reissued 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. Raymond James cut shares of PowerSchool from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 11th. Robert W. Baird reaffirmed 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. Cantor Fitzgerald reaffirmed 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, Piper Sandler reaffirmed a “neutral” rating and issued a $22.80 target price (down from $24.00) on shares of PowerSchool in a research report on Friday, June 7th. Ten research 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, PowerSchool currently has a consensus rating of “Hold” and a consensus price target of $24.02.

Insider Buying and Selling at PowerSchool

In other PowerSchool news, CEO Hardeep Gulati sold 85,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $21.35, for a total transaction of $1,814,750.00. Following the completion of the sale, the chief executive officer now directly owns 1,715,667 shares in the company, valued at approximately $36,629,490.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other PowerSchool news, CEO Hardeep Gulati sold 85,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $21.35, for a total transaction of $1,814,750.00. Following the completion of the sale, the chief executive officer now directly owns 1,715,667 shares in the company, valued at approximately $36,629,490.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shivani Stumpf sold 1,295 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $22.33, for a total transaction of $28,917.35. Following the sale, the insider now directly owns 289,555 shares in the company, valued at approximately $6,465,763.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 294,908 shares of company stock worth $6,463,455. 0.60% of the stock is owned by corporate insiders.

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.