17,655 Shares in Forgent Power Solutions, Inc. $FPS Acquired by Maven Securities LTD

Maven Securities LTD acquired a new stake in Forgent Power Solutions, Inc. (NYSE:FPS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 17,655 shares of the company’s stock, valued at approximately $986,000.

Several other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Forgent Power Solutions in the 2nd quarter valued at $30,000. Triumph Capital Management acquired a new stake in Forgent Power Solutions during the 2nd quarter worth $39,000. IFP Advisors Inc purchased a new position in Forgent Power Solutions during the 2nd quarter worth $48,000. Hollencrest Capital Management acquired a new position in Forgent Power Solutions in the second quarter valued at $56,000. Finally, Allworth Financial LP purchased a new stake in shares of Forgent Power Solutions in the second quarter valued at about $86,000.

Forgent Power Solutions Price Performance

Shares of NYSE:FPS opened at $32.27 on Wednesday. Forgent Power Solutions, Inc. has a 52 week low of $25.95 and a 52 week high of $66.00. The company has a 50-day moving average price of $37.31 and a 200 day moving average price of $40.32. The company has a market cap of $9.83 billion and a P/E ratio of 215.17. The company has a quick ratio of 1.16, a current ratio of 1.64 and a debt-to-equity ratio of 0.99.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FPS. Robert W. Baird initiated coverage on shares of Forgent Power Solutions in a research note on Wednesday, July 15th. They set an “outperform” rating and a $55.00 target price for the company. KeyCorp upped their price objective on Forgent Power Solutions from $41.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. The Goldman Sachs Group increased their price objective on Forgent Power Solutions from $49.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. TD Securities reissued a “buy” rating and issued a $63.00 target price on shares of Forgent Power Solutions in a report on Friday, May 15th. Finally, TD Cowen increased their price target on Forgent Power Solutions from $63.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Forgent Power Solutions has a consensus rating of “Moderate Buy” and an average target price of $56.75.

Forgent Power Solutions Company Profile

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.