Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in PowerSchool Holdings, Inc. (NYSE:PWSC)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in PowerSchool Holdings, Inc. (NYSE:PWSC) by 10.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,076 shares of the company’s stock after acquiring an additional 1,163 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in PowerSchool were worth $285,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PWSC. Wellington Management Group LLP lifted its stake in PowerSchool by 8.9% during the third quarter. Wellington Management Group LLP now owns 7,101,238 shares of the company’s stock worth $160,914,000 after purchasing an additional 580,969 shares in the last quarter. Blair William & Co. IL boosted its holdings in PowerSchool by 8.1% during the 3rd quarter. Blair William & Co. IL now owns 3,310,993 shares of the company’s stock valued at $75,027,000 after acquiring an additional 248,612 shares during the period. Mackenzie Financial Corp grew its position in PowerSchool by 2.8% in the 4th quarter. Mackenzie Financial Corp now owns 1,823,474 shares of the company’s stock valued at $42,961,000 after acquiring an additional 50,094 shares in the last quarter. Riverbridge Partners LLC grew its position in PowerSchool by 6.7% in the 4th quarter. Riverbridge Partners LLC now owns 1,552,773 shares of the company’s stock valued at $36,583,000 after acquiring an additional 97,643 shares in the last quarter. Finally, Invesco Ltd. increased its stake in PowerSchool by 33.3% during the third quarter. Invesco Ltd. now owns 1,410,790 shares of the company’s stock worth $31,969,000 after purchasing an additional 352,240 shares during the period. Hedge funds and other institutional investors own 65.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PWSC. The Goldman Sachs Group lifted their price objective on shares of PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. TheStreet downgraded shares of PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $29.00 price objective on shares of PowerSchool in a research note on Tuesday, April 23rd. One 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $27.67.

Insider Activity at PowerSchool

In other PowerSchool news, CMO Fred Studer sold 6,065 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total transaction of $123,119.50. Following the sale, the chief marketing officer now owns 163,685 shares of the company’s stock, valued at $3,322,805.50. The transaction 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 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 owns 163,685 shares in the company, valued at $3,322,805.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Hardeep Gulati sold 6,171 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $21.33, for a total value of $131,627.43. Following the transaction, the chief executive officer now directly owns 1,905,667 shares in the company, valued at approximately $40,647,877.11. The disclosure for this sale can be found here. Insiders sold 182,706 shares of company stock valued at $3,818,727 over the last three months. 0.60% of the stock is owned by corporate insiders.

PowerSchool Stock Performance

Shares of PWSC stock opened at $16.58 on Monday. The company has a market cap of $3.36 billion, a P/E ratio of -87.26, a PEG ratio of 0.48 and a beta of 0.98. The firm has a fifty day moving average price of $19.96 and a 200 day moving average price of $21.82. 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 Holdings, Inc. has a 12 month low of $16.41 and a 12 month high of $25.16.

PowerSchool (NYSE:PWSC) last released its quarterly earnings data on Monday, February 26th. The company reported $0.10 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $183.35 million. Sell-side analysts predict that PowerSchool Holdings, Inc. will post 0.61 earnings per share 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.