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Texas Permanent School Fund Increases Its Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Texas Permanent School Fund Increases Its Position in Thryv Holdings, Inc. (NASDAQ:THRY)

The most recent filing that the company made with the Securities and Exchange Commission revealed that during the third quarter, the Texas Permanent School Fund increased the percentage of its holdings in Thryv Holdings, Inc. (NASDAQ: THRY). After the period’s conclusion, the institutional investor now has 21,958 shares of the company’s stock. During the period, the investor purchased an additional 9,584 shares, bringing the total number of shares in their possession to 21,958. At the end of the most recent fiscal quarter, the Texas Permanent School Fund held approximately 0.06% of Thryv, which had a value of $501,000 at the time of the fund’s most recent valuation.

Many other institutional investors and hedge funds have increased or decreased the size of their stakes in the company’s stock throughout the past few months. During the second quarter, the number of Thryv shares owned by FMR LLC saw a 15.4% increase in proportion to the overall number of shares held by the company. FMR LLC increased its total number of shares to 5,135,782 during the most recent quarter, bringing the total value of those shares to $114,990,000. This was accomplished through the acquisition of an additional 685,846 shares of the stock. Over the first three months of this year, BlackRock Inc.’s holdings in Thryv experienced a growth rate of 1.0%. As a result of BlackRock Inc.’s purchase of an additional 21,860 shares during the most recent quarter, the total number of shares it owns in the company now amounts to 2,207,386. These shares are currently valued at a total of $62,072,000. During the first three months of the year, Vanguard Group Inc. increased the percentage of Thryv stock owned by 2.4%. Vanguard Group Inc. now directly owns a total of 1,213,982 shares of the corporation’s stock, which has a value of $34,138,000 after purchasing an additional 28,242 shares of the company’s stock during the most recent fiscal quarter. The proportion of Thryv shares that Allspring Global Investments Holdings LLC owned went up by 2,956.3% during the second quarter due to the company’s acquisitions. Allspring Global Investments Holdings LLC now holds 1,010,497 shares of the company’s stock, which have a value of $22,624,000, following the acquisition of 977,434 additional shares during the preceding quarter. Allspring Global Investments Holdings LLC purchased these shares.

Last but not least, Cowen Prime Advisors LLC increased its holdings in Thryv by 65.8% during the second quarter. This certainly should not be considered the least significant development. Following the purchase of an additional 257,030 shares during the most recent quarter, Cowen Prime Advisors LLC now owns a total of 647,850 shares in the company, which have a value of $14,505,000. This brings the total number of shares the company is currently valued at to 647,850. Institutional investors and hedge funds collectively own 93.61% of the total number of shares of the company, making them the company’s largest stockholders.

NASDAQ: THRY was first available for trading on Monday with an opening price of $19.96. During the past year, Thryv Holdings, Inc.’s price fluctuated between $17.30 and $34.36. The price of the stock hit a new all-time low of $17.30. The company’s simple moving average over the past 50 days is currently sitting at $18.80, and its simple moving average over the past 200 days is currently sitting at $22.02, respectively. The ratio of debt to equity is 1.03; the ratio of current assets to liquid assets is 1.31; and the ratio of liquid assets to current assets is 1.31. The price-to-earnings ratio of the business is 6.68, and its beta value is equal to 0.95. The company currently has a market capitalization of 688.12 million dollars.

The most recent earnings report for Thryv traded under the NASDAQ: THRY was released on November 3rd. The company’s earnings per share for the quarter came in at $0.37, which was $0.16 less than the $0.53 that analysts had anticipated the company would earn per share. They had a return on equity of 29.21%, and the net margin for the company was 9.41%. The revenue for the quarter came in significantly higher than the $260.11 million analysts had anticipated, coming in at $280.65 million instead. According to statements made by sell-side analysts, it is anticipated that Thryv Holdings, Inc. will generate earnings of $3.34 per share in this fiscal year.

Recently, several research analysts have published statements regarding the stock. It was stated on November 3rd in a research note made public by William Blair that the firm continues to recommend that investors “outperform” shares of Thryv. In a research note made public by B. Riley on October 24th, the company announced that they had lowered their price objective for Thryv from $42.00 to $36.00. Despite this change, they maintained their “buy” rating on the stock throughout this process. In a research note released on Monday, November 7th, Robert W. Baird decreased their price target on Thryv shares from $40.00 to $34.00. The report also included an “outperform” rating for the company’s stock, which Robert W. Baird also published simultaneously.

In other news, the company’s Chief Executive Officer of the company, Joe Walsh, purchased 10,000 shares of the company’s stock on December 8th. The price of each share was determined to be $17.65 on average, which resulted in the overall price of the shares amounting to $176,500.00. Following the successful completion of the acquisition, the Chief Executive Officer was awarded ownership of an additional 369,431 shares of the company. The value of these shares is approximately USD 6,520,457.15. You will be taken to the legal file presented to the Securities and Exchange Commission if you click the link. In this file, the transaction is described in greater detail. Currently, company insiders hold shares equal to 9.40% of the total shares issued by the company.

The cloud-based tools and digital marketing services provided by Thryv Holdings, Inc. are available for use by companies of a size range known as small- to medium-sized businesses (SMBs). The three distinct business sectors in which the company operates are Software as a Service, also known as SaaS, Marketing Services, and Thryv International. Thryv is a solution that provides real-time oversight and day-to-day management of multiple locations, and it is designed specifically for franchisors. Thrive Leads is a solution for local marketing and lead generation. In addition, it provides services related to this area of business. The ThryvPay payment solution supports credit card and automated clearing house (ACH) payments for its customers.

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