Forgent Power Solutions (NYSE:FPS) Stock Sees Unusually High Call Option Buying

Key Points

• Call-option buying rose about 32% above its typical daily volume, with investors purchasing 14,142 contracts. Shares climbed 14.5% to $24.60 during Wednesday trading.
• Forgent reported quarterly EPS of $0.25, slightly above the $0.24 consensus, while revenue rose 94.3% year over year to $461.67 million. The company issued FY2027 EPS guidance of $1.26–$1.40.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $53.21; recent targets include $60 from Oppenheimer and $76 from TD Cowen.

Forgent Power Solutions, Inc. (NYSE:FPS - Get Free Report) was the target of unusually large options trading on Wednesday. Investors purchased 14,142 call options on the stock. This represents an increase of approximately 32% compared to the typical daily volume of 10,722 call options.

Forgent Power Solutions Stock Up 14.5%

FPS traded up $3.12 during mid-day trading on Wednesday, reaching $24.60. 7,336,390 shares of the stock were exchanged, compared to its average volume of 7,217,175. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.54. The stock has a market capitalization of $7.49 billion and a PE ratio of 62.92. The company has a 50 day moving average price of $32.07 and a two-hundred day moving average price of $38.17. Forgent Power Solutions has a 1 year low of $17.67 and a 1 year high of $66.00.

Forgent Power Solutions (NYSE:FPS - Get Free Report) last announced its earnings results on Tuesday, September 15th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Forgent Power Solutions had a net margin of 5.76% and a return on equity of 24.59%. The company had revenue of $461.67 million during the quarter. The company's quarterly revenue was up 94.3% compared to the same quarter last year. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. As a group, research analysts anticipate that Forgent Power Solutions will post 1.28 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on FPS shares. Clear Str raised Forgent Power Solutions to a "strong-buy" rating in a research report on Monday, October 26th. Roth Capital assumed coverage on shares of Forgent Power Solutions in a research report on Friday, November 6th. They issued a "buy" rating for the company. Oppenheimer restated an "outperform" rating and set a $60.00 price target on shares of Forgent Power Solutions in a research note on Wednesday, September 16th. TD Cowen upped their price objective on shares of Forgent Power Solutions from $73.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday, September 16th. Finally, Jefferies Financial Group dropped their price objective on shares of Forgent Power Solutions from $47.00 to $36.00 and set a "buy" rating on the stock in a research note on Friday, October 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.21.

Hedge Funds Weigh In On Forgent Power Solutions

Several hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Forgent Power Solutions in the 2nd quarter worth approximately $30,000. City State Bank purchased a new stake in shares of Forgent Power Solutions during the third quarter valued at approximately $32,000. GAMMA Investing LLC lifted its holdings in Forgent Power Solutions by 918.5% during the third quarter. GAMMA Investing LLC now owns 937 shares of the company's stock worth $35,000 after acquiring an additional 845 shares during the period. Triumph Capital Management bought a new stake in Forgent Power Solutions during the second quarter worth $39,000. Finally, WPG Advisers LLC boosted its position in Forgent Power Solutions by 417.6% in the third quarter. WPG Advisers LLC now owns 1,144 shares of the company's stock worth $43,000 after purchasing an additional 923 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.