Maven Securities LTD Buys Shares of 17,655 Forgent Power Solutions, Inc. $FPS

Maven Securities LTD bought a new position in Forgent Power Solutions, Inc. (NYSE:FPS) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 17,655 shares of the company’s stock, valued at approximately $986,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC purchased a new stake in shares of Forgent Power Solutions in the second quarter valued at about $371,000. IFP Advisors Inc purchased a new stake in shares of Forgent Power Solutions in the 2nd quarter valued at approximately $48,000. Squarepoint Ops LLC acquired a new stake in shares of Forgent Power Solutions during the 2nd quarter worth approximately $13,440,000. Baird Financial Group Inc. purchased a new stake in shares of Forgent Power Solutions during the 2nd quarter valued at approximately $370,000. Finally, Allworth Financial LP purchased a new stake in shares of Forgent Power Solutions during the 2nd quarter valued at approximately $86,000.

Forgent Power Solutions Stock Up 3.0%

Shares of FPS opened at $32.27 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.16 and a current ratio of 1.64. The stock has a market capitalization of $9.83 billion and a PE ratio of 215.17. The company’s 50-day simple moving average is $37.31 and its 200-day simple moving average is $40.32. Forgent Power Solutions, Inc. has a 1 year low of $25.95 and a 1 year high of $66.00.

Analyst Ratings Changes

FPS has been the subject of several analyst reports. Wolfe Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of Forgent Power Solutions in a research report on Thursday, July 9th. TD Securities reaffirmed a “buy” rating and issued a $63.00 price target on shares of Forgent Power Solutions in a research note on Friday, May 15th. Weiss Ratings cut Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Zacks Research upgraded shares of Forgent Power Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group upped their target price on shares of Forgent Power Solutions from $49.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Forgent Power Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $56.75.

About Forgent Power Solutions

We are a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. Demand for our products is growing rapidly as (i) companies accelerate investment in data centers to meet the computational requirements for cloud computing and AI, (ii) independent power producers build new generation capacity to satisfy rising electricity demand, (iii) utilities upgrade and expand T&D infrastructure to address rapid load growth and (iv) manufacturers reshore their factories to secure their supply chains and mitigate the impact of tariffs.