Texas Permanent School Fund Corp Reduces Stock Holdings in Thryv Holdings, Inc. (NASDAQ:THRY)

Texas Permanent School Fund Corp reduced its holdings in Thryv Holdings, Inc. (NASDAQ:THRY) by 13.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,161 shares of the company’s stock after selling 3,711 shares during the period. Texas Permanent School Fund Corp owned about 0.06% of Thryv worth $413,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. SageView Advisory Group LLC purchased a new stake in shares of Thryv in the 1st quarter valued at $54,000. Lazard Asset Management LLC purchased a new stake in shares of Thryv in the 1st quarter valued at $118,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Thryv by 78.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company’s stock valued at $134,000 after acquiring an additional 3,303 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Thryv in the 2nd quarter valued at $143,000. Finally, Louisiana State Employees Retirement System lifted its stake in shares of Thryv by 3.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company’s stock valued at $283,000 after purchasing an additional 600 shares during the period. 96.38% of the stock is owned by hedge funds and other institutional investors.

Thryv Stock Performance

THRY opened at $18.29 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a fifty day moving average price of $18.10 and a 200 day moving average price of $19.93. Thryv Holdings, Inc. has a 1 year low of $15.82 and a 1 year high of $26.42. The stock has a market cap of $655.35 million, a P/E ratio of -2.43 and a beta of 0.82.

Thryv (NASDAQ:THRY) last posted its earnings results on Thursday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.30). The firm had revenue of $224.08 million during the quarter, compared to analyst estimates of $221.78 million. Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $28.00 target price on shares of Thryv in a research note on Friday, August 2nd.

Thryv Company Profile

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.