Frontdoor Inc. (NASDAQ:FTDR) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 69.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,694 shares of the company's stock after selling 231,718 shares during the period. Federated Hermes Inc. owned about 0.14% of Frontdoor worth $3,946,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fiera Capital Corp purchased a new position in Frontdoor in the first quarter valued at about $28,024,000. Mackenzie Financial Corp increased its holdings in Frontdoor by 9.6% during the 1st quarter. Mackenzie Financial Corp now owns 14,699 shares of the company's stock worth $565,000 after purchasing an additional 1,288 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Frontdoor by 17.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,703 shares of the company's stock valued at $1,064,000 after purchasing an additional 4,038 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Frontdoor by 35,774.4% during the 1st quarter. Assetmark Inc. now owns 29,417 shares of the company's stock valued at $1,130,000 after buying an additional 29,335 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Frontdoor by 47.6% during the first quarter. Cetera Investment Advisers now owns 8,184 shares of the company's stock worth $314,000 after buying an additional 2,638 shares in the last quarter.

Frontdoor Stock Performance

Frontdoor stock traded down $0.40 during mid-day trading on Friday, reaching $55.92. The company's stock had a trading volume of 174,395 shares, compared to its average volume of 749,495. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 16.51 and a beta of 1.32. The business has a 50 day moving average price of $57.88 and a 200-day moving average price of $51.50. The company has a current ratio of 1.49, a quick ratio of 1.34 and a debt-to-equity ratio of 4.56. Frontdoor Inc. has a twelve month low of $35.61 and a twelve month high of $64.91.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.19. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. The company had revenue of $617.00 million for the quarter, compared to the consensus estimate of $602.62 million. During the same period last year, the firm posted $1.27 EPS. The company's revenue for the quarter was up 13.8% on a year-over-year basis. Sell-side analysts predict that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FTDR shares. JPMorgan Chase & Co. upped their price target on shares of Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Oppenheimer upped their target price on shares of Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a research note on Wednesday. Truist Financial lifted their price target on Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a report on Wednesday.

Frontdoor Company Profile

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company's home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.