Trust Point Inc. Reduces Stake in PowerSchool Holdings, Inc. (NYSE:PWSC)

Trust Point Inc. lowered its stake in shares of PowerSchool Holdings, Inc. (NYSE:PWSC) by 57.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 12,499 shares of the company’s stock after selling 17,152 shares during the quarter. Trust Point Inc.’s holdings in PowerSchool were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its holdings in PowerSchool by 37.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,391,055 shares of the company’s stock valued at $32,773,000 after purchasing an additional 380,586 shares during the period. Vanguard Group Inc. grew its stake in shares of PowerSchool by 38.3% during the 4th quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock worth $224,089,000 after acquiring an additional 2,634,169 shares during the period. Park Avenue Securities LLC increased its holdings in PowerSchool by 6.3% in the 1st quarter. Park Avenue Securities LLC now owns 11,868 shares of the company’s stock worth $253,000 after acquiring an additional 703 shares during the last quarter. Harbour Capital Advisors LLC raised its stake in PowerSchool by 25.9% in the 1st quarter. Harbour Capital Advisors LLC now owns 41,596 shares of the company’s stock valued at $863,000 after acquiring an additional 8,560 shares during the period. Finally, WoodTrust Financial Corp lifted its holdings in PowerSchool by 24.5% during the first quarter. WoodTrust Financial Corp now owns 31,500 shares of the company’s stock valued at $671,000 after purchasing an additional 6,200 shares during the last quarter. Institutional investors own 65.29% of the company’s stock.

Insider Transactions at PowerSchool

In related news, insider Shivani Stumpf sold 2,088 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $22.79, for a total transaction of $47,585.52. Following the sale, the insider now directly owns 277,489 shares in the company, valued at approximately $6,323,974.31. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Eric Ryan Shander sold 2,977 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $22.74, for a total transaction of $67,696.98. Following the completion of the transaction, the chief financial officer now directly owns 422,547 shares in the company, valued at $9,608,718.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shivani Stumpf sold 2,088 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $22.79, for a total transaction of $47,585.52. Following the completion of the transaction, the insider now directly owns 277,489 shares in the company, valued at approximately $6,323,974.31. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,215 shares of company stock valued at $1,256,836 over the last three months. Company insiders own 0.60% of the company’s stock.

PowerSchool Price Performance

Shares of NYSE:PWSC opened at $22.81 on Friday. The firm has a market capitalization of $4.65 billion, a PE ratio of -95.04 and a beta of 1.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $22.74 and a two-hundred day moving average price of $21.57. PowerSchool Holdings, Inc. has a twelve month low of $16.15 and a twelve month high of $25.16.

PowerSchool (NYSE:PWSC) last released its quarterly earnings data on Friday, August 9th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). PowerSchool had a positive return on equity of 6.10% and a negative net margin of 7.51%. The business had revenue of $191.59 million during the quarter, compared to the consensus estimate of $195.32 million. During the same period last year, the business posted $0.23 earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. Equities analysts forecast that PowerSchool Holdings, Inc. will post 0.52 EPS for the current year.

PowerSchool 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.