Robeco Institutional Asset Management B.V. lessened its stake in PowerSchool Holdings, Inc. (NYSE:PWSC – Free Report) by 95.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,989 shares of the company’s stock after selling 43,670 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in PowerSchool were worth $38,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in PowerSchool by 262.4% in the first quarter. Tower Research Capital LLC TRC now owns 1,348 shares of the company’s stock valued at $27,000 after purchasing an additional 976 shares in the last quarter. Orion Capital Management LLC bought a new position in PowerSchool in the first quarter valued at about $28,000. Royal Bank of Canada grew its position in PowerSchool by 63.5% in the third quarter. Royal Bank of Canada now owns 2,135 shares of the company’s stock valued at $35,000 after acquiring an additional 829 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in PowerSchool by 62.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,792 shares of the company’s stock valued at $75,000 after acquiring an additional 1,461 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in PowerSchool in the second quarter valued at about $92,000. Institutional investors and hedge funds own 65.29% of the company’s stock.
Insider Activity at PowerSchool
In other PowerSchool news, CAO Angelina Hendraka sold 3,657 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 124,687 shares of the company’s stock, valued at $2,837,876.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other PowerSchool news, insider Marcy Daniel sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $19.01, for a total value of $285,150.00. Following the transaction, the insider now directly owns 284,120 shares of the company’s stock, valued at $5,401,121.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Angelina Hendraka sold 3,657 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $22.76, for a total value of $83,233.32. Following the completion of the transaction, the chief accounting officer now directly owns 124,687 shares in the company, valued at $2,837,876.12. The disclosure for this sale can be found here. Insiders have sold 110,686 shares of company stock worth $2,390,675 over the last ninety days. Insiders own 1.10% of the company’s stock.
PowerSchool Stock Performance
PowerSchool (NYSE:PWSC – Get Free Report) last announced its earnings results on Monday, August 7th. The company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. PowerSchool had a positive return on equity of 7.17% and a negative net margin of 2.92%. The business had revenue of $173.90 million for the quarter, compared to analysts’ expectations of $171.28 million. As a group, research analysts forecast that PowerSchool Holdings, Inc. will post 0.51 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms have issued reports on PWSC. TheStreet upgraded PowerSchool from a “d” rating to a “c” rating in a research report on Thursday, August 17th. Raymond James boosted their price target on PowerSchool from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, August 8th. Cantor Fitzgerald boosted their price target on PowerSchool from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, September 15th. The Goldman Sachs Group boosted their price target on PowerSchool from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Finally, Credit Suisse Group boosted their price target on PowerSchool from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $27.55.
Read Our Latest Stock Report on PowerSchool
About PowerSchool
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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