Texas Permanent School Fund Corp Has $1.96 Million Stock Holdings in Frontdoor Inc. $FTDR

Texas Permanent School Fund Corp reduced its position in Frontdoor Inc. (NASDAQ:FTDR) by 33.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 33,294 shares of the company’s stock after selling 16,537 shares during the period. Texas Permanent School Fund Corp’s holdings in Frontdoor were worth $1,962,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Ethic Inc. acquired a new position in shares of Frontdoor during the 2nd quarter worth approximately $222,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Frontdoor in the second quarter valued at $348,000. RiverGlades Family Offices LLC bought a new position in shares of Frontdoor in the second quarter valued at about $236,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Frontdoor during the 2nd quarter worth about $247,000. Finally, Creative Planning lifted its stake in shares of Frontdoor by 53.4% during the 2nd quarter. Creative Planning now owns 35,806 shares of the company’s stock worth $2,110,000 after buying an additional 12,457 shares during the last quarter.

Analyst Upgrades and Downgrades

FTDR has been the topic of a number of research reports. Wall Street Zen lowered shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Zacks Research lowered Frontdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Frontdoor in a report on Monday, December 15th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Frontdoor currently has a consensus rating of “Hold” and a consensus price target of $59.75.

Frontdoor Stock Up 0.1%

Shares of FTDR opened at $56.79 on Monday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 3.64. Frontdoor Inc. has a 12 month low of $35.61 and a 12 month high of $70.14. The firm’s 50 day moving average is $57.57 and its 200-day moving average is $59.62. The stock has a market capitalization of $4.10 billion, a PE ratio of 16.18 and a beta of 1.32.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The business had revenue of $618.00 million for the quarter, compared to the consensus estimate of $610.77 million. During the same quarter in the prior year, the business posted $1.38 earnings per share. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. Equities research analysts forecast that Frontdoor Inc. will post 3.07 EPS for the current year.

About Frontdoor

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.