PowerSchool (NYSE:PWSC – Get Free Report) had its price objective increased by stock analysts at Cantor Fitzgerald from $27.00 to $30.00 in a report issued on Friday, Marketbeat Ratings reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 31.69% from the company’s current price.
PWSC has been the topic of a number of other research reports. The Goldman Sachs Group increased their target price on PowerSchool from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. UBS Group increased their target price on PowerSchool from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday. Barclays increased their target price on PowerSchool from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday. TheStreet upgraded PowerSchool from a “d” rating to a “c” rating in a research report on Thursday, August 17th. Finally, Raymond James raised their price objective on PowerSchool from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.55.
Read Our Latest Research Report on PWSC
PowerSchool Trading Up 3.0 %
PowerSchool (NYSE:PWSC – Get Free Report) last announced its earnings results on Monday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. PowerSchool had a positive return on equity of 7.17% and a negative net margin of 2.92%. The firm had revenue of $173.90 million for the quarter, compared to analyst estimates of $171.28 million. Analysts anticipate that PowerSchool will post 0.51 earnings per share for the current year.
Insiders Place Their Bets
In other PowerSchool news, CEO Hardeep Gulati sold 30,284 shares of the firm’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $18.82, for a total value of $569,944.88. Following the completion of the sale, the chief executive officer now directly owns 590,642 shares of the company’s stock, valued at approximately $11,115,882.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Hardeep Gulati sold 30,284 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $18.82, for a total transaction of $569,944.88. Following the completion of the sale, the chief executive officer now directly owns 590,642 shares of the company’s stock, valued at approximately $11,115,882.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marcy Daniel sold 2,150 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $18.82, for a total value of $40,463.00. Following the sale, the insider now directly owns 51,468 shares of the company’s stock, valued at $968,627.76. The disclosure for this sale can be found here. Insiders sold 110,404 shares of company stock valued at $2,187,158 in the last three months. 1.10% of the stock is currently owned by insiders.
Institutional Trading of PowerSchool
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP increased its position in shares of PowerSchool by 18.6% during the 1st quarter. Wellington Management Group LLP now owns 4,540,357 shares of the company’s stock worth $89,990,000 after purchasing an additional 711,695 shares during the last quarter. BlackRock Inc. boosted its holdings in PowerSchool by 5.2% during the 2nd quarter. BlackRock Inc. now owns 3,807,738 shares of the company’s stock valued at $72,880,000 after acquiring an additional 188,610 shares during the period. Vanguard Group Inc. boosted its holdings in PowerSchool by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 3,629,874 shares of the company’s stock valued at $59,929,000 after acquiring an additional 20,583 shares during the period. TimesSquare Capital Management LLC boosted its holdings in PowerSchool by 11.6% during the 1st quarter. TimesSquare Capital Management LLC now owns 3,025,360 shares of the company’s stock valued at $59,963,000 after acquiring an additional 314,315 shares during the period. Finally, Blair William & Co. IL boosted its holdings in PowerSchool by 104.8% during the 1st quarter. Blair William & Co. IL now owns 2,981,738 shares of the company’s stock valued at $59,098,000 after acquiring an additional 1,526,052 shares during the period. 65.29% of the stock is owned by institutional investors and hedge funds.
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.
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