Raymond James Lowers PowerSchool (NYSE:PWSC) to Market Perform

Raymond James lowered shares of PowerSchool (NYSE:PWSC) from an outperform rating to a market perform rating in a research note published on Tuesday morning, Marketbeat reports.

Several other brokerages have also recently commented on PWSC. William Blair reaffirmed a market perform rating on shares of PowerSchool in a report on Friday, June 7th. Piper Sandler reaffirmed a neutral rating and set a $22.80 target price (down from $24.00) on shares of PowerSchool in a report on Friday, June 7th. Baird R W cut shares of PowerSchool from a strong-buy rating to a hold rating in a report on Friday, June 7th. UBS Group lowered their target price on shares of PowerSchool from $25.00 to $20.00 and set a neutral rating on the stock in a report on Wednesday, May 8th. Finally, Robert W. Baird reaffirmed a neutral rating and set a $23.00 target price (down from $26.00) on shares of PowerSchool in a report on Friday, June 7th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, PowerSchool presently has an average rating of Hold and a consensus price target of $24.52.

PowerSchool Trading Up 0.0 %

Shares of PWSC stock opened at $22.30 on Tuesday. The firm has a 50 day moving average price of $19.72 and a two-hundred day moving average price of $21.69. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $4.54 billion, a PE ratio of -92.90 and a beta of 1.06. PowerSchool has a 12-month low of $16.15 and a 12-month high of $25.16.

PowerSchool (NYSE:PWSC) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. The company had revenue of $184.97 million for the quarter, compared to analyst estimates of $184.45 million. As a group, analysts predict that PowerSchool will post 0.5 earnings per share for the current year.

Insider Buying and Selling at PowerSchool

In other PowerSchool news, CEO Hardeep Gulati sold 15,307 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 2,141,451 shares in the company, valued at $44,435,108.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CTO Devendra Singh sold 2,750 shares of PowerSchool stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $20.87, for a total transaction of $57,392.50. Following the transaction, the chief technology officer now owns 338,769 shares in the company, valued at $7,070,109.03. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $20.75, for a total transaction of $317,620.25. Following the completion of the transaction, the chief executive officer now owns 2,141,451 shares in the company, valued at approximately $44,435,108.25. The disclosure for this sale can be found here. Insiders have sold 357,703 shares of company stock worth $7,535,454 over the last quarter. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On PowerSchool

Several hedge funds and other institutional investors have recently bought and sold shares of PWSC. Covestor Ltd increased its stake in PowerSchool by 353.4% in the first quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $27,000 after purchasing an additional 1,000 shares in the last quarter. Orion Capital Management LLC bought a new stake in PowerSchool in the third quarter valued at $32,000. Park Place Capital Corp increased its stake in PowerSchool by 106.8% in the first quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after purchasing an additional 773 shares in the last quarter. Comerica Bank increased its stake in PowerSchool by 111.8% in the first quarter. Comerica Bank now owns 1,493 shares of the company’s stock valued at $32,000 after purchasing an additional 788 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in PowerSchool by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock valued at $54,000 after purchasing an additional 746 shares in the last quarter. Institutional investors and hedge funds own 65.29% of the company’s stock.

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.