102,260 Shares of Forgent Power Solutions, Inc. $FPS Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC acquired a new position in Forgent Power Solutions, Inc. (NYSE:FPS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 102,260 shares of the company’s stock, valued at approximately $3,829,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new position in Forgent Power Solutions in the second quarter valued at about $30,000. Triumph Capital Management bought a new position in shares of Forgent Power Solutions during the 2nd quarter valued at approximately $39,000. GAMMA Investing LLC increased its stake in shares of Forgent Power Solutions by 918.5% during the 3rd quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $35,000 after purchasing an additional 845 shares during the last quarter. City State Bank purchased a new stake in shares of Forgent Power Solutions during the 3rd quarter worth approximately $32,000. Finally, IFP Advisors Inc bought a new stake in shares of Forgent Power Solutions in the 2nd quarter worth approximately $48,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on Forgent Power Solutions from $49.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday. Zacks Research raised Forgent Power Solutions from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. TD Cowen boosted their price objective on Forgent Power Solutions from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, September 16th. Jefferies Financial Group dropped their price objective on shares of Forgent Power Solutions from $47.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. Finally, Weiss Ratings downgraded shares of Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.21.

Forgent Power Solutions Price Performance

Shares of Forgent Power Solutions stock opened at $24.61 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.54. Forgent Power Solutions, Inc. has a 52-week low of $17.67 and a 52-week high of $66.00. The company has a fifty day moving average of $31.98 and a 200-day moving average of $38.10. The stock has a market capitalization of $7.49 billion and a price-to-earnings ratio of 63.11.

Forgent Power Solutions (NYSE:FPS) last announced its quarterly earnings results on Tuesday, September 15th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Forgent Power Solutions had a return on equity of 24.59% and a net margin of 5.76%. The business had revenue of $461.67 million for the quarter. The firm’s quarterly revenue was up 94.3% on a year-over-year basis. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. Equities research analysts expect that Forgent Power Solutions, Inc. will post 1.29 EPS for the current year.

Forgent Power Solutions Profile

Forgent Power Solutions designs and manufactures electrical power distribution equipment for applications that require reliable, continuous power. Its products support the delivery and management of electricity within facilities, including data centers and other commercial and industrial environments. The company focuses on equipment used in critical power systems, where dependable distribution is essential to operations. Forgent serves customers primarily in North America, with products and services supporting facilities in other markets as well.