Mackenzie Financial Corp Has $42.96 Million Holdings in PowerSchool Holdings, Inc. (NYSE:PWSC)

Mackenzie Financial Corp grew its position in PowerSchool Holdings, Inc. (NYSE:PWSC) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,823,474 shares of the company’s stock after purchasing an additional 50,094 shares during the period. Mackenzie Financial Corp’s holdings in PowerSchool were worth $42,961,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of PowerSchool by 8.9% during the 3rd quarter. Wellington Management Group LLP now owns 7,101,238 shares of the company’s stock worth $160,914,000 after acquiring an additional 580,969 shares in the last quarter. BlackRock Inc. boosted its stake in shares of PowerSchool by 5.2% during the 2nd quarter. BlackRock Inc. now owns 3,807,738 shares of the company’s stock worth $72,880,000 after acquiring an additional 188,610 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of PowerSchool by 0.6% during 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 in the last quarter. Blair William & Co. IL boosted its stake 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 stake in shares of PowerSchool by 332.0% during the 3rd quarter. Morgan Stanley now owns 1,911,471 shares of the company’s stock worth $43,314,000 after acquiring an additional 1,468,997 shares in the last quarter. 65.29% of the stock is owned by institutional investors and hedge funds.

PowerSchool Stock Performance

Shares of NYSE:PWSC opened at $19.73 on Wednesday. The business has a 50 day moving average price of $21.70 and a 200 day moving average price of $22.26. PowerSchool Holdings, Inc. has a twelve month low of $16.41 and a twelve month high of $25.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30.

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

Wall Street Analyst Weigh In

PWSC has been the subject of several recent analyst reports. TheStreet downgraded PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. The Goldman Sachs Group upped their price target on PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, Piper Sandler restated an “overweight” rating and set a $29.00 target price on shares of PowerSchool in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, PowerSchool presently has an average rating of “Moderate Buy” and a consensus price target of $27.67.

Insider Transactions at PowerSchool

In other news, CEO Hardeep Gulati sold 1,400 shares of PowerSchool stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $21.04, for a total transaction of $29,456.00. Following the sale, the chief executive officer now owns 2,059,216 shares of the company’s stock, valued at approximately $43,325,904.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Hardeep Gulati sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $21.04, for a total transaction of $29,456.00. Following the completion of the transaction, the chief executive officer now owns 2,059,216 shares in the company, valued at approximately $43,325,904.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Devendra Singh sold 2,750 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $20.87, for a total value of $57,392.50. Following the transaction, the chief technology officer now owns 338,769 shares of the company’s stock, valued at approximately $7,070,109.03. The disclosure for this sale can be found here. In the last quarter, insiders have sold 176,535 shares of company stock valued at $3,687,100. 0.60% of the stock is owned by corporate insiders.

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.