New York State Teachers Retirement System increased its stake in Thryv Holdings, Inc. (NASDAQ:THRY – Get Rating) by 33.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,642 shares of the company’s stock after purchasing an additional 3,410 shares during the period. New York State Teachers Retirement System’s holdings in Thryv were worth $311,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Mutual of America Capital Management LLC raised its stake in Thryv by 17.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 2,875 shares of the company’s stock valued at $64,000 after acquiring an additional 428 shares in the last quarter. Prudential Financial Inc. raised its stake in Thryv by 1.7% during the 2nd quarter. Prudential Financial Inc. now owns 36,211 shares of the company’s stock valued at $810,000 after acquiring an additional 615 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Thryv by 3.6% during the 2nd quarter. Exchange Traded Concepts LLC now owns 24,923 shares of the company’s stock valued at $558,000 after acquiring an additional 874 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Thryv by 16.8% during the 1st quarter. JPMorgan Chase & Co. now owns 8,580 shares of the company’s stock valued at $241,000 after acquiring an additional 1,236 shares in the last quarter. Finally, Strs Ohio raised its stake in Thryv by 5.8% during the 2nd quarter. Strs Ohio now owns 23,800 shares of the company’s stock valued at $532,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors own 93.61% of the company’s stock.
Insider Buying and Selling
In other Thryv news, CEO Joe Walsh purchased 10,000 shares of the stock in a transaction dated Thursday, December 8th. The shares were acquired at an average price of $17.65 per share, for a total transaction of $176,500.00. Following the completion of the acquisition, the chief executive officer now owns 369,431 shares of the company’s stock, valued at approximately $6,520,457.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.40% of the company’s stock.
Thryv Stock Performance
Thryv (NASDAQ:THRY – Get Rating) last issued its earnings results on Thursday, November 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.16). The company had revenue of $280.65 million during the quarter, compared to analyst estimates of $260.11 million. Thryv had a return on equity of 29.21% and a net margin of 9.41%. As a group, sell-side analysts forecast that Thryv Holdings, Inc. will post 3.34 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on THRY shares. Robert W. Baird cut their target price on Thryv from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Monday, November 7th. B. Riley dropped their price objective on Thryv from $42.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, October 24th. Finally, William Blair reissued an “outperform” rating on shares of Thryv in a research note on Thursday, November 3rd.
Thryv Company Profile
Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses (SMBs). It operates through three segments: SaaS (Software as a Service), Marketing Services, and Thryv International. The company provides Thryv, an SMB end-to-end customer experience platform; Hub by Thryv, a solution for franchisors to offer real time oversight and day-to-day management of multiple locations; Thryv Leads, an integrated local marketing and lead generation solution, as well as related services; and ThryvPay, a payment solution that allows users to get paid through credit card and ACH.
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