We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PowerSchool (PWSC) Expands Offerings With Allovue Acquisition
Read MoreHide Full Article
PowerSchool Holdings, Inc. (PWSC - Free Report) announced the acquisition of a U.S.-based K-12 financial planning, budgeting and analytics software provider — Allovue.
The company shared optimistic views on this strategic transaction as it believes this to offer it with improved capabilities for managing district finances with tools, which are intuitive and easy to use.
Following the announcement, shares of PWSC have gained 1.1% during the trading session and 2.4% in the after-hours trading session on Jan 22.
Takeaways from the Acquisition
The strategic acquisition of Allovue will expand PowerSchool’s financial management, analytics and workflow capabilities, when incorporated with its existing systems. This top-tier integration will offer schools, districts and state education leaders with the most comprehensive portfolio of K-12 data and analytics tools aiding in allocating, and managing budgets and resources.
The aspects benefiting from this new integrated K-12 data and analytics tools include real-time access to all budgeting information, budget collaboration, equitable funding formulas, along with analytics and dashboards, to track as well as manage spending. This expected improvement in allocating, budgeting and managing K-12 finances will help target customers to gauge the impact of funding decisions on measurable student outcomes.
Strategic Buyout Initiatives Boost Growth
PowerSchool diversifies its product portfolio and expands the offerings primarily through strategic acquisitions. Through its timely add-on acquisitions, the company is fostering its abilities to cater to the urgent needs of its customers, mainly district-wise.
On Oct 3, 2023, the company acquired SchoolMessenger, a K-12 communication solutions provider in North America. The primary aim behind this strategic acquisition was to integrate direct communication capabilities of the acquired company into its new MyPowerSchool single pane of glass portal for parents, students and teachers, ensuring personalized education for every student.
On Aug 9, 2023, PWSC completed the acquisition of Jarulss Software Solutions Private Limited for $10 million. The main goal of this buyout was to enhance and expand its product offering.
Image Source: Zacks Investment Research
Shares of this cloud-based software provider for K-12 education in North America gained 3.5% in the past month against the Zacks Schools industry’s 0.9% decline. The accretive acquisition initiatives are aiding the company’s prospects. PWSC intends to focus on potential buyout opportunities that complements with its product offerings, fostering its growth.
Zacks Rank & Key Picks
PowerSchool currently carries a Zacks Rank #3 (Hold).
It has a trailing four-quarter earnings surprise of 94.5%, on average. The stock has fallen 33.2% in the past year. The Zacks Consensus Estimate for HTHT’s 2024 sales and earnings per share (EPS) indicates an improvement of 7.9% and 9.8%, respectively, from the year-ago levels.
Acushnet Holdings Corp. (GOLF - Free Report) presently flaunts a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 49.9%, on average. The stock has gained 46.2% in the past year.
The Zacks Consensus Estimate for GOLF’s 2024 sales and EPS suggests growth of 2.5% and 5%, respectively, from the year-ago levels.
Atour Lifestyle Holdings Limited (ATAT - Free Report) currently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 15.5%, on average. The stock has lost 39.1% in the past year.
The Zacks Consensus Estimate for ATAT’s 2024 sales and EPS implies growth of 14.2% and 48.6%, respectively, from the year-ago levels.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
PowerSchool (PWSC) Expands Offerings With Allovue Acquisition
PowerSchool Holdings, Inc. (PWSC - Free Report) announced the acquisition of a U.S.-based K-12 financial planning, budgeting and analytics software provider — Allovue.
The company shared optimistic views on this strategic transaction as it believes this to offer it with improved capabilities for managing district finances with tools, which are intuitive and easy to use.
Following the announcement, shares of PWSC have gained 1.1% during the trading session and 2.4% in the after-hours trading session on Jan 22.
Takeaways from the Acquisition
The strategic acquisition of Allovue will expand PowerSchool’s financial management, analytics and workflow capabilities, when incorporated with its existing systems. This top-tier integration will offer schools, districts and state education leaders with the most comprehensive portfolio of K-12 data and analytics tools aiding in allocating, and managing budgets and resources.
The aspects benefiting from this new integrated K-12 data and analytics tools include real-time access to all budgeting information, budget collaboration, equitable funding formulas, along with analytics and dashboards, to track as well as manage spending. This expected improvement in allocating, budgeting and managing K-12 finances will help target customers to gauge the impact of funding decisions on measurable student outcomes.
Strategic Buyout Initiatives Boost Growth
PowerSchool diversifies its product portfolio and expands the offerings primarily through strategic acquisitions. Through its timely add-on acquisitions, the company is fostering its abilities to cater to the urgent needs of its customers, mainly district-wise.
On Oct 3, 2023, the company acquired SchoolMessenger, a K-12 communication solutions provider in North America. The primary aim behind this strategic acquisition was to integrate direct communication capabilities of the acquired company into its new MyPowerSchool single pane of glass portal for parents, students and teachers, ensuring personalized education for every student.
On Aug 9, 2023, PWSC completed the acquisition of Jarulss Software Solutions Private Limited for $10 million. The main goal of this buyout was to enhance and expand its product offering.
Image Source: Zacks Investment Research
Shares of this cloud-based software provider for K-12 education in North America gained 3.5% in the past month against the Zacks Schools industry’s 0.9% decline. The accretive acquisition initiatives are aiding the company’s prospects. PWSC intends to focus on potential buyout opportunities that complements with its product offerings, fostering its growth.
Zacks Rank & Key Picks
PowerSchool currently carries a Zacks Rank #3 (Hold).
Here are some better-ranked stocks from the Zacks Consumer Discretionary sector.
H World Group Limited (HTHT - Free Report) currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.
It has a trailing four-quarter earnings surprise of 94.5%, on average. The stock has fallen 33.2% in the past year. The Zacks Consensus Estimate for HTHT’s 2024 sales and earnings per share (EPS) indicates an improvement of 7.9% and 9.8%, respectively, from the year-ago levels.
Acushnet Holdings Corp. (GOLF - Free Report) presently flaunts a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 49.9%, on average. The stock has gained 46.2% in the past year.
The Zacks Consensus Estimate for GOLF’s 2024 sales and EPS suggests growth of 2.5% and 5%, respectively, from the year-ago levels.
Atour Lifestyle Holdings Limited (ATAT - Free Report) currently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 15.5%, on average. The stock has lost 39.1% in the past year.
The Zacks Consensus Estimate for ATAT’s 2024 sales and EPS implies growth of 14.2% and 48.6%, respectively, from the year-ago levels.