TimesSquare Capital Management LLC Sells 441,062 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC)

TimesSquare Capital Management LLC reduced its stake in PowerSchool Holdings, Inc. (NYSE:PWSC - Free Report) by 18.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,943,996 shares of the company's stock after selling 441,062 shares during the quarter. TimesSquare Capital Management LLC owned about 0.96% of PowerSchool worth $45,801,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in PowerSchool by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,457 shares of the company's stock valued at $10,495,000 after buying an additional 6,027 shares during the period. Benjamin Edwards Inc. lifted its position in shares of PowerSchool by 12.8% during the 4th quarter. Benjamin Edwards Inc. now owns 8,351 shares of the company's stock valued at $197,000 after acquiring an additional 947 shares during the period. Y.D. More Investments Ltd boosted its stake in PowerSchool by 5.0% during the fourth quarter. Y.D. More Investments Ltd now owns 108,384 shares of the company's stock worth $2,554,000 after acquiring an additional 5,163 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in PowerSchool in the fourth quarter worth $983,000. Finally, Van ECK Associates Corp increased its stake in PowerSchool by 34.6% in the fourth quarter. Van ECK Associates Corp now owns 13,708 shares of the company's stock valued at $323,000 after purchasing an additional 3,526 shares in the last quarter. 65.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. TheStreet lowered PowerSchool from a "b-" rating to a "c" rating in a research report on Monday, January 29th. Needham & Company LLC reiterated a "buy" rating and set a $26.00 price objective on shares of PowerSchool in a report on Wednesday. The Goldman Sachs Group upped their target price on shares of PowerSchool from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, February 27th. Cantor Fitzgerald reiterated an "overweight" rating and set a $25.00 price target on shares of PowerSchool in a research note on Thursday. Finally, UBS Group dropped their target price on PowerSchool from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Wednesday. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $26.00.

Insider Activity at PowerSchool

In related news, CEO Hardeep Gulati sold 15,307 shares of the business's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $20.75, for a total transaction of $317,620.25. Following the completion of the transaction, the chief executive officer now directly owns 2,141,451 shares in the company, valued at $44,435,108.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CMO Fred Studer sold 6,065 shares of the company's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total value of $123,119.50. Following the completion of the transaction, the chief marketing officer now directly owns 163,685 shares in the company, valued at $3,322,805.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Hardeep Gulati sold 15,307 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 2,141,451 shares in the company, valued at approximately $44,435,108.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 182,706 shares of company stock valued at $3,818,727. Corporate insiders own 0.60% of the company's stock.

PowerSchool Stock Performance

Shares of PWSC traded down $1.03 during mid-day trading on Thursday, hitting $18.12. The stock had a trading volume of 3,319,349 shares, compared to its average volume of 839,869. PowerSchool Holdings, Inc. has a 52 week low of $16.15 and a 52 week high of $25.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The business has a fifty day moving average price of $19.70 and a 200-day moving average price of $21.75. The firm has a market cap of $3.67 billion, a P/E ratio of -95.37, a PEG ratio of 0.48 and a beta of 0.98.

PowerSchool (NYSE:PWSC - Get Free Report) last posted its earnings results 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). PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. The business had revenue of $182.14 million during the quarter, compared to analysts' expectations of $183.35 million. On average, equities research analysts expect that PowerSchool Holdings, Inc. will post 0.61 EPS for the current 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.

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