TimesSquare Capital Management LLC Trims Stock Position in PowerSchool Holdings, Inc. (NYSE:PWSC)

TimesSquare Capital Management LLC trimmed its position in PowerSchool Holdings, Inc. (NYSE:PWSC) by 18.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,943,996 shares of the company’s stock after selling 441,062 shares during the period. TimesSquare Capital Management LLC’s holdings in PowerSchool were worth $45,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Loomis Sayles & Co. L P purchased a new position in shares of PowerSchool in the 3rd quarter valued at about $17,000,000. Fort Washington Investment Advisors Inc. OH purchased a new stake in PowerSchool during the third quarter worth $15,508,000. Wellington Management Group LLP increased its position in shares of PowerSchool by 8.9% in the third quarter. Wellington Management Group LLP now owns 7,101,238 shares of the company’s stock valued at $160,914,000 after buying an additional 580,969 shares in the last quarter. Invesco Ltd. raised its stake in shares of PowerSchool by 33.3% during the 3rd quarter. Invesco Ltd. now owns 1,410,790 shares of the company’s stock worth $31,969,000 after buying an additional 352,240 shares during the last quarter. Finally, Lisanti Capital Growth LLC acquired a new position in shares of PowerSchool during the 3rd quarter worth $7,316,000. 65.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PowerSchool

In other PowerSchool news, CMO Fred Studer sold 6,065 shares of the 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 $123,119.50. Following the transaction, the chief marketing officer now owns 163,685 shares of the company’s stock, valued at approximately $3,322,805.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CMO Fred Studer sold 6,065 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total value of $123,119.50. Following the sale, the chief marketing officer now owns 163,685 shares of the company’s stock, valued at approximately $3,322,805.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Hardeep Gulati sold 6,171 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $21.33, for a total transaction of $131,627.43. Following the completion of the transaction, the chief executive officer now owns 1,905,667 shares of the company’s stock, valued at approximately $40,647,877.11. 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. Insiders own 0.60% of the company’s stock.

PowerSchool Trading Down 5.4 %

Shares of PowerSchool stock traded down $1.03 during trading hours on Thursday, reaching $18.12. The stock had a trading volume of 3,319,349 shares, compared to its average volume of 839,869. The firm has a 50 day simple moving average of $19.70 and a two-hundred day simple moving average of $21.75. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of -95.37, a P/E/G ratio of 0.48 and a beta of 0.98. PowerSchool Holdings, Inc. has a 1 year low of $16.15 and a 1 year high of $25.16. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46.

PowerSchool (NYSE:PWSC) last issued 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). The company had revenue of $182.14 million during the quarter, compared to analysts’ expectations of $183.35 million. PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. As a group, equities research analysts anticipate that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PWSC. Piper Sandler reissued an “overweight” rating and set a $29.00 price objective on shares of PowerSchool in a research note on Tuesday, April 23rd. TheStreet lowered PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. The Goldman Sachs Group boosted their target price on shares of PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Needham & Company LLC restated a “buy” rating and issued a $26.00 target price on shares of PowerSchool in a report on Wednesday. Finally, UBS Group lowered their price target on shares of PowerSchool from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.00.

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.