PowerSchool Holdings, Inc. (NYSE:PWSC) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in PowerSchool Holdings, Inc. (NYSE:PWSC - Free Report) by 23.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,877,247 shares of the company's stock after selling 2,158,767 shares during the quarter. Vanguard Group Inc. owned about 3.41% of PowerSchool worth $155,838,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PWSC. Tower Research Capital LLC TRC raised its position in shares of PowerSchool by 262.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,348 shares of the company's stock valued at $27,000 after purchasing an additional 976 shares in the last quarter. Orion Capital Management LLC bought a new position in PowerSchool during the third quarter valued at about $32,000. Fifth Third Bancorp bought a new position in PowerSchool during the third quarter valued at about $35,000. Royal Bank of Canada boosted its stake in PowerSchool by 63.5% during the third quarter. Royal Bank of Canada now owns 2,135 shares of the company's stock valued at $35,000 after buying an additional 829 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its holdings in shares of PowerSchool by 384.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 4,517 shares of the company's stock valued at $104,000 after purchasing an additional 3,585 shares during the last quarter. Institutional investors and hedge funds own 65.29% of the company's stock.

Insider Activity

In related news, CMO Fred Studer sold 6,065 shares of the firm's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total transaction of $123,119.50. Following the completion of the transaction, the chief marketing officer now directly owns 163,685 shares of the company's stock, valued at approximately $3,322,805.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other PowerSchool news, CMO Fred Studer sold 6,065 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total transaction of $123,119.50. Following the completion of the sale, the chief marketing officer now directly owns 163,685 shares in the company, valued at approximately $3,322,805.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Devendra Singh sold 2,750 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $20.87, for a total value of $57,392.50. Following the sale, the chief technology officer now owns 338,769 shares of the company's stock, valued at $7,070,109.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,619 shares of company stock worth $1,893,179. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PWSC. TheStreet downgraded PowerSchool from a "b-" rating to a "c" rating in a report on Monday, January 29th. UBS Group increased their price objective on PowerSchool from $24.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, December 15th. Piper Sandler reissued an "overweight" rating and issued a $29.00 price objective on shares of PowerSchool in a research note on Wednesday, March 6th. Finally, The Goldman Sachs Group increased their price objective on PowerSchool from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, PowerSchool currently has an average rating of "Moderate Buy" and a consensus target price of $27.67.

PowerSchool Stock Down 0.8 %

PWSC traded down $0.16 on Tuesday, hitting $20.74. 616,749 shares of the company were exchanged, compared to its average volume of 588,487. PowerSchool Holdings, Inc. has a 12 month low of $16.41 and a 12 month high of $25.16. The company has a market cap of $4.20 billion, a PE ratio of -109.16, a PEG ratio of 0.62 and a beta of 0.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The stock's fifty day moving average is $22.35 and its 200-day moving average is $22.34.

PowerSchool (NYSE:PWSC - Get Free Report) last posted its earnings results on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The firm had revenue of $182.14 million during the quarter, compared to analyst estimates of $183.35 million. PowerSchool had a negative net margin of 4.46% and a positive return on equity of 6.08%. Equities research analysts predict that PowerSchool Holdings, Inc. will post 0.61 EPS for the current fiscal year.

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.