Fintel reports that on September 21, 2023, Piper Sandler reiterated coverage of PowerSchool Holdings Inc (NYSE:PWSC) with a Overweight recommendation.

Analyst Price Forecast Suggests 22.99% Upside

As of August 31, 2023, the average one-year price target for PowerSchool Holdings Inc is 27.30. The forecasts range from a low of 22.22 to a high of $31.50. The average price target represents an increase of 22.99% from its latest reported closing price of 22.20.

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The projected annual revenue for PowerSchool Holdings Inc is 711MM, an increase of 8.28%. The projected annual non-GAAP EPS is 0.88.

What is the Fund Sentiment?

There are 339 funds or institutions reporting positions in PowerSchool Holdings Inc. This is a decrease of 34 owner(s) or 9.12% in the last quarter. Average portfolio weight of all funds dedicated to PWSC is 0.29%, an increase of 23.62%. Total shares owned by institutions increased in the last three months by 4.55% to 138,792K shares. The put/call ratio of PWSC is 1.88, indicating a bearish outlook.

What are Other Shareholders Doing?

Vista Equity Partners Management holds 71,118K shares representing 43.49% ownership of the company. No change in the last quarter.

Canada Pension Plan Investment Board holds 10,111K shares representing 6.18% ownership of the company. No change in the last quarter.

Wellington Management Group Llp holds 6,520K shares representing 3.99% ownership of the company. In it's prior filing, the firm reported owning 4,540K shares, representing an increase of 30.37%. The firm increased its portfolio allocation in PWSC by 32.34% over the last quarter.

Blair William holds 3,062K shares representing 1.87% ownership of the company. In it's prior filing, the firm reported owning 2,982K shares, representing an increase of 2.63%. The firm decreased its portfolio allocation in PWSC by 9.05% over the last quarter.

TimesSquare Capital Management holds 2,926K shares representing 1.79% ownership of the company. In it's prior filing, the firm reported owning 3,025K shares, representing a decrease of 3.38%. The firm decreased its portfolio allocation in PWSC by 8.36% over the last quarter.

PowerSchool Holdings Background Information
(This description is provided by the company.)

PowerSchool is the leading provider of cloud-based software for K-12 education in North America. Its mission is to power the education ecosystem with unified technology that helps educators and students realize their full potential, in their way. PowerSchool connects students, teachers, administrators, and parents, with the shared goal of improving student outcomes. From the office to the classroom to the home, it helps schools and districts efficiently manage state reporting and related compliance, special education, finance, human resources, talent, registration, attendance, funding, learning, instruction, grading, assessments and analytics in one unified platform. PowerSchool supports over 45 million students globally and more than 12,000 customers, including 93 of the top 100 districts by student enrollment in the United States, and sells solutions in over 90 countries.