Intech Investment Management LLC Purchases 39,986 Shares of Frontdoor Inc. $FTDR

Key Points

• Intech Investment Management LLC increased its holdings in Frontdoor Inc. by 80.4%, acquiring an additional 39,986 shares, which brings their total ownership to 89,695 shares valued at approximately $3.4 million.
• Senior Vice President Jeffrey Fiarman sold 129,673 shares for over $7.28 million, significantly reducing his stake by 78.92% in the company.
• Frontdoor's recent quarterly earnings exceeded analysts' expectations, reporting $1.63 EPS and a revenue of $617 million, marking a 13.8% increase compared to the previous year.

Intech Investment Management LLC boosted its position in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 80.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,695 shares of the company's stock after acquiring an additional 39,986 shares during the period. Intech Investment Management LLC owned 0.12% of Frontdoor worth $3,446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FTDR. Nuveen LLC purchased a new position in Frontdoor in the 1st quarter worth approximately $32,213,000. Fiera Capital Corp purchased a new stake in shares of Frontdoor in the 1st quarter valued at $28,024,000. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Frontdoor by 33.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,752,723 shares of the company's stock valued at $105,760,000 after purchasing an additional 685,148 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Frontdoor by 46.9% in the 1st quarter. Invesco Ltd. now owns 1,223,776 shares of the company's stock valued at $47,017,000 after purchasing an additional 390,434 shares in the last quarter. Finally, Reinhart Partners LLC. raised its holdings in Frontdoor by 16.2% during the 1st quarter. Reinhart Partners LLC. now owns 2,368,684 shares of the company's stock valued at $91,005,000 after buying an additional 331,066 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. Zacks Research upgraded shares of Frontdoor from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 27th. 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. Truist Financial upped their price target on shares of Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Oppenheimer upped their price objective on shares of Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Frontdoor currently has a consensus rating of "Moderate Buy" and an average target price of $59.75.

Frontdoor Stock Performance

NASDAQ FTDR traded up $0.54 on Thursday, reaching $67.08. 518,633 shares of the stock were exchanged, compared to its average volume of 609,299. The firm has a market capitalization of $4.89 billion, a PE ratio of 19.79 and a beta of 1.34. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. Frontdoor Inc. has a one year low of $35.61 and a one year high of $67.55. The company's 50-day simple moving average is $60.21 and its two-hundred day simple moving average is $52.36.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $602.62 million. During the same quarter in the previous year, the business posted $1.27 earnings per share. Frontdoor's quarterly revenue was up 13.8% on a year-over-year basis. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts expect that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Insider Activity

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the completion of the sale, the senior vice president directly owned 34,646 shares of the company's stock, valued at approximately $1,945,372.90. The trade was a 78.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.48% of the company's stock.

Frontdoor 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.