Raymond James Reaffirms “Outperform” Rating for PowerSchool (NYSE:PWSC)

Raymond James reissued their outperform rating on shares of PowerSchool (NYSE:PWSC) in a report published on Monday morning, Benzinga reports.

Several other research firms also recently issued reports on PWSC. Barclays decreased their price objective on shares of PowerSchool from $28.00 to $23.00 and set an overweight rating on the stock in a report on Wednesday, May 8th. Piper Sandler lowered their target price on shares of PowerSchool from $29.00 to $24.00 and set an overweight rating for the company in a research note on Friday, May 10th. The Goldman Sachs Group increased their target price 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. Needham & Company LLC reissued a buy rating and issued a $26.00 price objective on shares of PowerSchool in a research note on Tuesday, May 14th. Finally, Cantor Fitzgerald reiterated an overweight rating and issued a $25.00 price target on shares of PowerSchool in a research note on Thursday, May 9th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $25.44.

PowerSchool Trading Down 1.1 %

NYSE PWSC opened at $20.80 on Monday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.46. PowerSchool has a 52 week low of $16.15 and a 52 week high of $25.16. The firm has a market cap of $4.24 billion, a PE ratio of -86.67 and a beta of 0.98. The company has a 50 day moving average price of $19.43 and a 200 day moving average price of $21.70.

PowerSchool (NYSE:PWSC) last released its quarterly earnings data on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The business had revenue of $182.14 million during the quarter, compared to analysts’ expectations of $183.35 million. PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. As a group, sell-side analysts forecast that PowerSchool will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling at PowerSchool

In other PowerSchool news, CEO Hardeep Gulati sold 15,307 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $20.75, for a total value of $317,620.25. Following the transaction, the chief executive officer now directly owns 2,141,451 shares of the company’s stock, valued at approximately $44,435,108.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other PowerSchool news, CMO Fred Studer sold 6,065 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total transaction of $123,119.50. Following the sale, the chief marketing officer now directly owns 163,685 shares in the company, valued at approximately $3,322,805.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hardeep Gulati sold 15,307 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $20.75, for a total transaction of $317,620.25. Following the sale, the chief executive officer now owns 2,141,451 shares in the company, valued at $44,435,108.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 214,606 shares of company stock valued at $4,447,920. 0.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On PowerSchool

Institutional investors have recently made changes to their positions in the stock. Janney Capital Management LLC raised its stake in PowerSchool by 2.7% in the 3rd quarter. Janney Capital Management LLC now owns 20,082 shares of the company’s stock valued at $455,000 after purchasing an additional 533 shares during the last quarter. Lord Abbett & CO. LLC increased its position in PowerSchool by 1.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 34,776 shares of the company’s stock worth $788,000 after purchasing an additional 567 shares in the last quarter. Park Avenue Securities LLC increased its position in PowerSchool by 6.3% during the 1st quarter. Park Avenue Securities LLC now owns 11,868 shares of the company’s stock worth $253,000 after purchasing an additional 703 shares in the last quarter. Fifth Third Bancorp boosted its holdings in PowerSchool by 47.7% in the 4th quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock worth $54,000 after acquiring an additional 746 shares during the period. Finally, Park Place Capital Corp boosted its holdings in PowerSchool by 106.8% in the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock worth $32,000 after acquiring an additional 773 shares during the period. 65.29% of the stock is currently owned by hedge funds and other institutional investors.

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.