831,707 Forgent Power Solutions, Inc. $FPS Shares Purchased by Phoenix Financial Ltd.

Phoenix Financial Ltd. increased its holdings in shares of Forgent Power Solutions, Inc. (NYSE:FPS) by 50.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,493,924 shares of the company’s stock after purchasing an additional 831,707 shares during the quarter. Phoenix Financial Ltd. owned 0.82% of Forgent Power Solutions worth $93,374,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Tidal Investments LLC purchased a new stake in Forgent Power Solutions during the second quarter worth approximately $7,858,000. Spyglass Capital Management LLC acquired a new stake in shares of Forgent Power Solutions in the second quarter worth $39,401,000. Scholtz & Company LLC purchased a new position in shares of Forgent Power Solutions in the 2nd quarter valued at $1,892,000. Moore Capital Management LP purchased a new stake in Forgent Power Solutions during the 2nd quarter worth $10,401,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in Forgent Power Solutions by 223.2% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 54,300 shares of the company’s stock worth $2,033,000 after purchasing an additional 37,500 shares during the period.

Forgent Power Solutions Stock Down 0.4%

Shares of Forgent Power Solutions stock traded down $0.08 during trading hours on Friday, hitting $22.07. 10,025,604 shares of the company’s stock traded hands, compared to its average volume of 12,191,900. The stock has a 50 day simple moving average of $31.67 and a 200-day simple moving average of $37.93. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.86. The company has a market cap of $6.72 billion and a PE ratio of 56.59. Forgent Power Solutions, Inc. has a twelve month low of $17.67 and a twelve month high of $66.00.

Forgent Power Solutions (NYSE:FPS) last announced its earnings results on Thursday, November 12th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Forgent Power Solutions had a return on equity of 31.78% and a net margin of 7.43%. The business had revenue of $478.57 million for the quarter. The firm’s revenue for the quarter was up 68.9% compared to the same quarter last year. Forgent Power Solutions has set its FY 2027 guidance at 1.300-1.440 EPS. Equities research analysts anticipate that Forgent Power Solutions, Inc. will post 1.29 earnings per share for the current fiscal year.

Recent Forgent Power Solutions Headlines

These are some of the FPS headlines that stood out recently:

• Positive Sentiment: Fiscal Q1 2027 revenue rose 69% year over year to about $479 million, a record, while EPS of $0.24 exceeded the $0.18 consensus. The company also said results were above the high end of its guidance. Forgent Q1 results and outlook
• Positive Sentiment: Management raised its fiscal 2027 outlook and sees AI-lab and hyperscaler orders building through 2028, supporting the longer-term demand case for its data-center power equipment. Revenue guidance is $2.5 billion–$2.7 billion and EPS guidance is $1.30–$1.44. CEO on AI and hyperscaler demand
• Neutral Sentiment: Analysts lowered price targets but kept positive ratings: Oppenheimer cut its target to $40 and Baird to $38, both with “outperform” ratings; TD Cowen cut to $55 with “buy,” KeyCorp to $46 with “overweight,” and Bernstein to $33 with “outperform.” The cuts signal reduced expectations, though all targets remain above the recent $22.07 share price. Oppenheimer analyst ratings

Wall Street Analyst Weigh In

Several analysts recently issued reports on FPS shares. Sanford C. Bernstein lowered their price target on Forgent Power Solutions from $48.00 to $33.00 and set an “outperform” rating for the company in a report on Friday. JPMorgan Chase & Co. reduced their price objective on Forgent Power Solutions from $49.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday. Wells Fargo & Company initiated coverage on Forgent Power Solutions in a research note on Thursday, September 24th. They set an “equal weight” rating and a $44.00 price objective on the stock. Robert W. Baird decreased their target price on Forgent Power Solutions from $55.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday. Finally, KeyCorp lowered their target price on Forgent Power Solutions from $60.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Forgent Power Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Forgent Power Solutions Company 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.