Corient Private Wealth LLC Has $475,000 Position in PowerSchool Holdings, Inc. (NYSE:PWSC)

Corient Private Wealth LLC raised its position in shares of PowerSchool Holdings, Inc. (NYSE:PWSCFree Report) by 10.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,180 shares of the company’s stock after acquiring an additional 1,991 shares during the period. Corient Private Wealth LLC’s holdings in PowerSchool were worth $475,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC raised its stake in PowerSchool by 1.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 34,776 shares of the company’s stock valued at $788,000 after purchasing an additional 567 shares during the period. Janney Capital Management LLC raised its stake in PowerSchool by 3.1% during the 4th quarter. Janney Capital Management LLC now owns 20,700 shares of the company’s stock valued at $488,000 after purchasing an additional 618 shares during the period. Fifth Third Bancorp raised its stake in PowerSchool by 47.7% during the 4th quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock valued at $54,000 after purchasing an additional 746 shares during the period. Benjamin Edwards Inc. raised its stake in PowerSchool by 12.8% during the 4th quarter. Benjamin Edwards Inc. now owns 8,351 shares of the company’s stock valued at $197,000 after purchasing an additional 947 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in PowerSchool by 10.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,076 shares of the company’s stock valued at $285,000 after purchasing an additional 1,163 shares during the period. 65.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. UBS Group cut their target price on shares of PowerSchool from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Raymond James reaffirmed an “outperform” rating on shares of PowerSchool in a research note on Monday, May 20th. The Goldman Sachs Group upped their price target on shares of PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $25.00 price target on shares of PowerSchool in a research note on Thursday, May 9th. Finally, Barclays dropped their price target on shares of PowerSchool from $28.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, PowerSchool currently has an average rating of “Moderate Buy” and a consensus target price of $25.44.

View Our Latest Analysis on PowerSchool

PowerSchool Trading Up 0.7 %

Shares of NYSE:PWSC opened at $22.39 on Friday. The stock has a market capitalization of $4.56 billion, a PE ratio of -93.29 and a beta of 1.06. PowerSchool Holdings, Inc. has a 1 year low of $16.15 and a 1 year high of $25.16. The firm has a fifty day moving average price of $19.55 and a 200 day moving average price of $21.69. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46.

PowerSchool (NYSE:PWSCGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The business had revenue of $184.97 million during the quarter, compared to the consensus estimate of $184.45 million. PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. Analysts expect that PowerSchool Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling

In other PowerSchool news, CEO Hardeep Gulati sold 1,400 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $21.04, for a total transaction of $29,456.00. Following the completion of the sale, the chief executive officer now directly owns 2,059,216 shares in the company, valued at $43,325,904.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other PowerSchool news, CEO Hardeep Gulati sold 1,400 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $21.04, for a total transaction of $29,456.00. Following the completion of the sale, the chief executive officer now directly owns 2,059,216 shares in the company, valued at $43,325,904.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Anthony Kender sold 6,165 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $22.23, for a total transaction of $137,047.95. Following the sale, the executive now owns 253,607 shares of the company’s stock, valued at $5,637,683.61. The disclosure for this sale can be found here. Over the last three months, insiders sold 356,103 shares of company stock worth $7,499,454. Corporate insiders own 0.60% of the company’s stock.

PowerSchool Profile

(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.

Read More

Want to see what other hedge funds are holding PWSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerSchool Holdings, Inc. (NYSE:PWSCFree Report).

Institutional Ownership by Quarter for PowerSchool (NYSE:PWSC)

Receive News & Ratings for PowerSchool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerSchool and related companies with MarketBeat.com's FREE daily email newsletter.