Trust Point Inc. Sells 17,152 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC)

Trust Point Inc. trimmed its holdings in PowerSchool Holdings, Inc. (NYSE:PWSC) by 57.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in PowerSchool by 0.3% in the first quarter. Vanguard Group Inc. now owns 9,540,806 shares of the company’s stock worth $203,124,000 after purchasing an additional 29,390 shares during the period. Blair William & Co. IL boosted its position in shares of PowerSchool by 17.8% during the 1st quarter. Blair William & Co. IL now owns 3,946,379 shares of the company’s stock worth $84,018,000 after purchasing an additional 597,521 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of PowerSchool by 12.7% in the 1st quarter. Wasatch Advisors LP now owns 3,932,460 shares of the company’s stock valued at $83,722,000 after buying an additional 442,340 shares during the period. Dimensional Fund Advisors LP increased its position in PowerSchool by 17.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,279,592 shares of the company’s stock valued at $51,041,000 after buying an additional 336,791 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in PowerSchool by 37.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,391,055 shares of the company’s stock worth $32,773,000 after buying an additional 380,586 shares during the period. Institutional investors own 65.29% of the company’s stock.

Insider Activity

In related news, CEO Hardeep Gulati sold 29,750 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $22.77, for a total value of $677,407.50. Following the sale, the chief executive officer now owns 1,631,768 shares in the company, valued at $37,155,357.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Shivani Stumpf sold 1,296 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $22.77, for a total value of $29,509.92. Following the completion of the sale, the insider now owns 282,874 shares in the company, valued at $6,441,040.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Hardeep Gulati sold 29,750 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $22.77, for a total transaction of $677,407.50. Following the transaction, the chief executive officer now directly owns 1,631,768 shares in the company, valued at $37,155,357.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,215 shares of company stock worth $1,256,836 over the last three months. 0.60% of the stock is currently owned by insiders.

PowerSchool Price Performance

Shares of NYSE:PWSC opened at $22.81 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.28 and a current ratio of 0.28. PowerSchool Holdings, Inc. has a 52-week low of $16.15 and a 52-week high of $25.16. The business’s 50 day simple moving average is $22.74 and its two-hundred day simple moving average is $21.57. The firm has a market cap of $4.65 billion, a P/E ratio of -95.04 and a beta of 1.05.

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

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.