PowerSchool Holdings, Inc. (NYSE:PWSC) Stake Boosted by Principal Financial Group Inc. (2024)

Principal Financial Group Inc. grew its stake in shares of PowerSchool Holdings, Inc. (NYSE:PWSC – Free Report) by 37.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,059 shares of the company’s stock after acquiring an additional 10,932 shares during the period. Principal Financial Group Inc.’s holdings in PowerSchool were worth $944,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of PowerSchool during the 3rd quarter valued at $32,000. Fifth Third Bancorp increased its position in PowerSchool by 47.7% during the fourth quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock worth $54,000 after buying an additional 746 shares during the last quarter. International Assets Investment Management LLC increased its position in PowerSchool by 3,244.4% during the fourth quarter. International Assets Investment Management LLC now owns 2,709 shares of the company’s stock worth $64,000 after buying an additional 2,628 shares during the last quarter. Sentry Investment Management LLC bought a new position in PowerSchool during the fourth quarter valued at about $120,000. Finally, Benjamin Edwards Inc. lifted its position in shares of PowerSchool by 12.8% in the fourth quarter. Benjamin Edwards Inc. now owns 8,351 shares of the company’s stock worth $197,000 after buying an additional 947 shares during the last quarter. 65.29% of the stock is currently owned by hedge funds and other institutional investors.

PowerSchool Stock Up 1.2 %

NYSE PWSC opened at $21.44 on Monday. The company’s fifty day moving average is $19.46 and its two-hundred day moving average is $21.69. 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 quick ratio of 0.24 and a current ratio of 0.24.

PowerSchool (NYSE:PWSC – Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03). PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. The company had revenue of $184.97 million during the quarter, compared to the consensus estimate of $184.45 million. On average, sell-side analysts anticipate that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on PWSC shares. Piper Sandler cut their price objective on PowerSchool from $29.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Cantor Fitzgerald reissued an “overweight” rating and issued a $25.00 price target on shares of PowerSchool in a research report on Thursday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $26.00 price objective on shares of PowerSchool in a report on Tuesday, May 14th. The Goldman Sachs Group raised 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. Finally, Raymond James reissued an “outperform” rating on shares of PowerSchool in a research report on Monday, May 20th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.44.

Read Our Latest Research Report on PowerSchool

Insider Transactions at PowerSchool

In related news, CEO Hardeep Gulati sold 1,400 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $21.04, for a total value of $29,456.00. Following the completion of the transaction, the chief executive officer now directly owns 2,059,216 shares in the company, valued at $43,325,904.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other PowerSchool news, CTO Devendra Singh sold 2,750 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $20.87, for a total transaction of $57,392.50. Following the completion of the transaction, the chief technology officer now owns 338,769 shares in the company, valued at $7,070,109.03. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Hardeep Gulati sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $21.04, for a total value of $29,456.00. Following the completion of the sale, the chief executive officer now owns 2,059,216 shares in the company, valued at $43,325,904.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 259,340 shares of company stock valued at $5,394,253. 0.60% of the stock is owned by corporate insiders.

About PowerSchool

(Free Report)

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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