PowerSchool (NYSE:PWSC) Earns Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of PowerSchool (NYSE:PWSC) in a research note issued to investors on Friday, Benzinga reports. The firm currently has a $29.00 price target on the stock.

A number of other research firms have also weighed in on PWSC. Piper Sandler reaffirmed an overweight rating and set a $27.00 price objective on shares of PowerSchool in a research report on Tuesday, August 8th. The Goldman Sachs Group increased their target price on PowerSchool from $24.00 to $27.00 and gave the stock a buy rating in a research note on Tuesday, August 8th. Needham & Company LLC reiterated a buy rating and issued a $26.00 price target on shares of PowerSchool in a research note on Tuesday, August 8th. Raymond James upped their price target on shares of PowerSchool from $23.00 to $25.00 and gave the stock an outperform rating in a research note on Tuesday, August 8th. Finally, Barclays lifted their target price on shares of PowerSchool from $26.00 to $28.00 and gave the stock an overweight rating in a report on Friday. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $27.55.

PowerSchool Trading Down 1.8 %

NYSE:PWSC opened at $22.38 on Friday. The company has a 50-day moving average price of $22.19 and a 200-day moving average price of $20.22. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of -172.15 and a beta of 0.95. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.42. PowerSchool has a 12 month low of $15.60 and a 12 month high of $26.05.

PowerSchool (NYSE:PWSC) last posted its earnings results on Monday, August 7th. The company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $173.90 million for the quarter, compared to the consensus estimate of $171.28 million. PowerSchool had a positive return on equity of 7.17% and a negative net margin of 2.92%. Equities analysts predict that PowerSchool will post 0.51 EPS for the current year.

Insider Activity at PowerSchool

In other news, CMO Fred Studer sold 22,002 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $22.78, for a total transaction of $501,205.56. Following the sale, the chief marketing officer now directly owns 198,237 shares in the company, valued at approximately $4,515,838.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CMO Fred Studer sold 22,002 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $22.78, for a total value of $501,205.56. Following the completion of the sale, the chief marketing officer now directly owns 198,237 shares in the company, valued at $4,515,838.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Angelina Hendraka sold 3,657 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $22.76, for a total value of $83,233.32. Following the completion of the sale, the chief accounting officer now owns 124,687 shares of the company’s stock, valued at $2,837,876.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,759 shares of company stock valued at $1,441,039. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On PowerSchool

A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in PowerSchool by 247.8% in the 1st quarter. JPMorgan Chase & Co. now owns 137,255 shares of the company’s stock valued at $2,266,000 after buying an additional 97,789 shares during the period. MetLife Investment Management LLC lifted its stake in PowerSchool by 22.8% in the first quarter. MetLife Investment Management LLC now owns 24,839 shares of the company’s stock worth $410,000 after acquiring an additional 4,613 shares during the period. Blair William & Co. IL lifted its stake in PowerSchool by 54.2% in the first quarter. Blair William & Co. IL now owns 122,454 shares of the company’s stock worth $2,022,000 after acquiring an additional 43,039 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of PowerSchool in the 1st quarter valued at about $11,702,000. Finally, Sei Investments Co. raised its holdings in shares of PowerSchool by 2.6% in the 1st quarter. Sei Investments Co. now owns 79,000 shares of the company’s stock valued at $1,304,000 after purchasing an additional 2,000 shares in the last quarter. 65.29% of the stock is owned by institutional investors.

PowerSchool Company Profile

PowerSchool Holdings, Inc, together with its subsidiaries, offers cloud-based software to the K-12 education market. Its solution embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts. In addition, the company provides cloud-based technology platform helps schools and districts manage state reporting and related compliance, special education, finance, human resource, talent, registration, attendance, funding, learning, instruction, behavior, grading, college and career readiness, assessments, and analytics.