Brookstone Capital Management Purchases Shares of 9,373 PowerSchool Holdings, Inc. (NYSE:PWSC)

Brookstone Capital Management purchased a new stake in shares of PowerSchool Holdings, Inc. (NYSE:PWSC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,373 shares of the company’s stock, valued at approximately $221,000.

Several other large investors have also recently added to or reduced their stakes in PWSC. Morgan Stanley increased its position in PowerSchool by 332.0% during the 3rd quarter. Morgan Stanley now owns 1,911,471 shares of the company’s stock worth $43,314,000 after buying an additional 1,468,997 shares during the period. Riverbridge Partners LLC bought a new position in PowerSchool during the 3rd quarter worth $32,973,000. JPMorgan Chase & Co. increased its position in shares of PowerSchool by 841.6% in the third quarter. JPMorgan Chase & Co. now owns 1,374,709 shares of the company’s stock worth $31,151,000 after purchasing an additional 1,228,709 shares during the period. Goldman Sachs Group Inc. increased its position in shares of PowerSchool by 536.6% in the second quarter. Goldman Sachs Group Inc. now owns 1,303,025 shares of the company’s stock worth $24,940,000 after purchasing an additional 1,098,331 shares during the period. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of PowerSchool in the fourth quarter worth $17,345,000. Institutional investors own 65.29% of the company’s stock.

PowerSchool Stock Performance

NYSE:PWSC opened at $20.90 on Thursday. The stock’s 50-day simple moving average is $22.60 and its 200 day simple moving average is $22.37. PowerSchool Holdings, Inc. has a twelve month low of $16.41 and a twelve month high of $25.16. The firm has a market capitalization of $4.23 billion, a PE ratio of -110.00, a price-to-earnings-growth ratio of 0.61 and a beta of 0.90. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46.

PowerSchool (NYSE:PWSC) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). PowerSchool had a negative net margin of 4.46% and a positive return on equity of 6.08%. The firm had revenue of $182.14 million for the quarter, compared to analyst estimates of $183.35 million. On average, analysts anticipate that PowerSchool Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. UBS Group raised their price target on PowerSchool from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, December 15th. TheStreet cut PowerSchool from a “b-” rating to a “c” rating in a research report on Monday, January 29th. The Goldman Sachs Group raised their price target on PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, Piper Sandler restated an “overweight” rating and issued a $29.00 price target on shares of PowerSchool in a research report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.67.

Insider Activity

In other news, CRO Anthony Kender sold 6,809 shares of PowerSchool stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total transaction of $138,222.70. Following the sale, the executive now directly owns 202,356 shares of the company’s stock, valued at $4,107,826.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Hardeep Gulati sold 1,400 shares of PowerSchool stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 2,059,216 shares of the company’s stock, valued at $43,325,904.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Anthony Kender sold 6,809 shares of PowerSchool stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total value of $138,222.70. Following the completion of the transaction, the executive now directly owns 202,356 shares in the company, valued at $4,107,826.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,919 shares of company stock valued at $1,565,442. 1.10% of the stock is currently owned by corporate insiders.

About PowerSchool

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.