Mackenzie Financial Corp Raises Stake in PowerSchool Holdings, Inc. (NYSE:PWSC)

Mackenzie Financial Corp lifted its holdings in shares of PowerSchool Holdings, Inc. (NYSE:PWSC - Free Report) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,823,474 shares of the company's stock after acquiring an additional 50,094 shares during the quarter. Mackenzie Financial Corp owned approximately 0.90% of PowerSchool worth $42,961,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. International Assets Investment Management LLC boosted its stake in shares of PowerSchool by 3,244.4% during the 4th quarter. International Assets Investment Management LLC now owns 2,709 shares of the company's stock worth $64,000 after acquiring an additional 2,628 shares during the period. Riverbridge Partners LLC boosted its stake in shares of PowerSchool by 6.7% during the 4th quarter. Riverbridge Partners LLC now owns 1,552,773 shares of the company's stock worth $36,583,000 after acquiring an additional 97,643 shares during the period. Trust Point Inc. bought a new position in shares of PowerSchool during the 4th quarter worth approximately $446,000. Fifth Third Bancorp boosted its stake in shares of PowerSchool by 47.7% during the 4th quarter. Fifth Third Bancorp now owns 2,311 shares of the company's stock worth $54,000 after acquiring an additional 746 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in shares of PowerSchool by 15.8% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 792,530 shares of the company's stock worth $18,672,000 after acquiring an additional 108,140 shares during the period. 65.29% of the stock is currently owned by institutional investors.

PowerSchool Price Performance

NYSE PWSC traded down $1.94 during midday trading on Wednesday, hitting $17.79. The company had a trading volume of 2,737,003 shares, compared to its average volume of 639,653. The company has a market capitalization of $3.60 billion, a PE ratio of -93.63, a P/E/G ratio of 0.59 and a beta of 0.89. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $21.58 and a 200-day moving average price of $22.23. PowerSchool Holdings, Inc. has a twelve month low of $16.41 and a twelve month high of $25.16.

PowerSchool (NYSE:PWSC - Get Free Report) last released its quarterly earnings data on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). The business 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%. As a group, analysts anticipate that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Hardeep Gulati sold 15,307 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $20.75, for a total value of $317,620.25. Following the sale, the chief executive officer now directly owns 2,141,451 shares in the company, valued at approximately $44,435,108.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Hardeep Gulati sold 15,307 shares of PowerSchool stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $20.75, for a total transaction of $317,620.25. Following the sale, the chief executive officer now directly owns 2,141,451 shares in the company, valued at approximately $44,435,108.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Anthony Kender sold 6,809 shares of PowerSchool stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total transaction of $138,222.70. Following the sale, the executive now owns 202,356 shares in the company, valued at $4,107,826.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 176,535 shares of company stock worth $3,687,100. Corporate insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PWSC. TheStreet downgraded PowerSchool from a "b-" rating to a "c" rating in a research note on Monday, January 29th. The Goldman Sachs Group boosted their price target on PowerSchool from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, February 27th. Finally, Piper Sandler restated an "overweight" rating and issued a $29.00 price target on shares of PowerSchool in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $27.67.

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.