Sentry Investment Management LLC Purchases Shares of 5,078 PowerSchool Holdings, Inc. (NYSE:PWSC)

Sentry Investment Management LLC acquired a new position in PowerSchool Holdings, Inc. (NYSE:PWSC) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 5,078 shares of the company’s stock, valued at approximately $120,000.

A number of other large investors also recently modified their holdings of PWSC. Wellington Management Group LLP lifted its position in shares of PowerSchool by 8.9% in the third quarter. Wellington Management Group LLP now owns 7,101,238 shares of the company’s stock valued at $160,914,000 after acquiring an additional 580,969 shares in the last quarter. BlackRock Inc. increased its holdings in PowerSchool by 5.2% in 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 last quarter. Vanguard Group Inc. increased its stake in PowerSchool by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 3,629,874 shares of the company’s stock worth $59,929,000 after acquiring an additional 20,583 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of PowerSchool by 8.1% during the 3rd quarter. Blair William & Co. IL now owns 3,310,993 shares of the company’s stock worth $75,027,000 after acquiring an additional 248,612 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of PowerSchool by 332.0% during the 3rd quarter. Morgan Stanley now owns 1,911,471 shares of the company’s stock valued at $43,314,000 after acquiring an additional 1,468,997 shares during the last quarter. Hedge funds and other institutional investors own 65.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. TheStreet downgraded shares of PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. The Goldman Sachs Group increased their price target on shares of PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, Piper Sandler restated an “overweight” rating and set a $29.00 price objective 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

PowerSchool Trading Down 9.8 %

Shares of PWSC opened at $17.79 on Thursday. The company has a 50 day moving average price of $21.58 and a 200-day moving average price of $22.23. 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 Holdings, Inc. has a fifty-two week low of $16.41 and a fifty-two week high of $25.16.

PowerSchool (NYSE:PWSC) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The company had revenue of $182.14 million for the quarter, compared to the consensus estimate of $183.35 million. PowerSchool had a negative net margin of 4.46% and a positive return on equity of 6.08%. As a group, research analysts forecast that PowerSchool Holdings, Inc. will post 0.61 EPS for the current year.

Insider Activity at PowerSchool

In other news, CTO Devendra Singh sold 2,775 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $20.65, for a total value of $57,303.75. Following the completion of the sale, the chief technology officer now owns 327,712 shares of the company’s stock, valued at approximately $6,767,252.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other PowerSchool news, CEO Hardeep Gulati sold 39,141 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $21.19, for a total transaction of $829,397.79. Following the sale, the chief executive officer now owns 2,087,121 shares of the company’s stock, valued at approximately $44,226,093.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Devendra Singh sold 2,775 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $20.65, for a total transaction of $57,303.75. Following the transaction, the chief technology officer now owns 327,712 shares in the company, valued at approximately $6,767,252.80. The disclosure for this sale can be found here. Insiders sold 176,535 shares of company stock valued at $3,687,100 over the last 90 days. Insiders own 0.60% of the company’s stock.

PowerSchool Company Profile

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.