FHI
Federated Hermes, Inc.
NYSEUSDEQUITY
Financial Services
DELAYED
Last price
63.76
▲ 0.63 (1.00%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
63.13
Prev close
63.13
Day high
63.95
Day low
63.08
Volume
325.15K
Market cap
$4.76B
P/E (TTM)
11.84
52W range
46.66 – 67.20
Insider net activity
Net shares
+66.33K
Net buying
Buy transactions
14
222.18K shares
Sell transactions
14
155.84K shares
Net transactions
+28
Buys less sells
Sell : buy shares
0.7 : 1
Mixed
Insider-held shares
2.78M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 4, 26 | NUSSEIBEH SAKER ANWAR Officer |
SELL | 7.03K | $451.64K | Direct |
| Jun 23, 26 | VAN METER STEPHEN Officer |
SELL | 1.68K | $100.31K | Direct |
| Jun 16, 26 | UHLMAN PAUL A. Officer |
SELL | 6.14K | $360.52K | Direct |
| Jun 8, 26 | NUSSEIBEH SAKER ANWAR Officer |
SELL | 8.95K | $513.17K | Direct |
| May 26, 26 | UHLMAN PAUL A. Officer |
SELL | 1.02K | $56.47K | Direct |
| May 26, 26 | GERMAIN PETER J Officer |
SELL | 409 | $22.62K | Direct |
| May 18, 26 | DONAHUE THOMAS ROBERT Chief Financial Officer |
STOCK | 31.20K | $0 | Direct |
| May 15, 26 | GERMAIN PETER J Officer |
SELL | 5.00K | $271.48K | Direct |
| May 7, 26 | BURKE BRYAN M Officer |
SELL | 4.00K | $216.81K | Direct |
| May 4, 26 | BURKE BRYAN M Officer |
STOCK | 35.00K | $0 | Direct |
| May 4, 26 | UHLMAN PAUL A. Officer |
STOCK | 40.00K | $0 | Direct |
| May 1, 26 | HANLON KAREN Director |
STOCK | 2.00K | $0 | Direct |
| May 1, 26 | BARTOLACCI JOSEPH C Director |
STOCK | 2.00K | $0 | Direct |
| May 1, 26 | JONES MARIE MILIE Director |
STOCK | 2.00K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BURKE BRYAN M |
Officer | 85.00K | Sale |
DONAHUE JOHN CHRISTOPHER |
Chief Executive Officer | 479.19K | Stock Award(Grant) |
DONAHUE THOMAS ROBERT |
Chief Financial Officer | 1.08M | Stock Gift |
DUDIAK DOLORES D |
Officer | 85.54K | Stock Award(Grant) |
FISHER JOHN B |
Officer and Director | 534.20K | Sale |
GERMAIN PETER J |
Officer | 212.06K | Sale |
NOVAK RICHARD A |
Officer | 45.21K | Sale |
NUSSEIBEH SAKER ANWAR |
Officer | 144.25K | Sale |
UHLMAN PAUL A. |
Officer | 296.82K | Sale |
ZIERDEN THEODORE W III |
Officer | 160.75K | Stock Award(Grant) |
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.80
Call-heavy session
Put / call open interest
1.30
Positioning, not flow
Max pain
57.50
-9.7% from spot
ATM implied vol
61.4%
Nearest strike to spot
Skew (10% OTM)
+14.2%
Puts bid over calls
Call volume
5
Contracts, this expiry
Put volume
4
Contracts, this expiry
Heaviest call OI
65.00
4 contracts
Heaviest put OI
52.50
4 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
-0.67%
+0.7%
1M
+11.15%
+7.4%
3M
+18.27%
+15.2%
6M
+13.99%
+2.9%
YTD
+22.34%
+10.0%
1Y
+20.83%
+0.8%
3Y
+96.48%
+22.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$4.76B
Enterprise value$4.65B
Revenue (TTM)$1.93B
Gross profit$1.34B
EBITDA$555.24M
Net income$393.24M
EPS (TTM)$5.38
Free cash flow$371.46M
Total cash$480.71M
Total debt$451.94M
Book value / share$17.54
Shares outstanding74.65M
Float67.96M
Short % of float5.17%
Dividend yield2.26%
Beta (5Y)0.63
Short interest
Shares short
3.70M
Prior 3.94M
Change vs prior
-6.2%
Shorts covering
% of float
5.17%
Normal
% of shares out
4.95%
Against total outstanding
Days to cover
6.2
Crowded exit
Float
67.96M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Valuation & profitability ratios
Trailing P/E11.84
Forward P/E10.86
PEG ratio1.66
Price / sales—
Price / book3.63
EV / revenue2.40
EV / EBITDA8.37
Gross margin69.04%
Operating margin27.72%
Profit margin21.30%
Return on equity31.14%
Return on assets14.80%
Debt / equity32.35
Current ratio2.59
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $1.80B | $1.63B | $1.61B | $1.45B | — | +10.3% |
| Operating revenue | $1.80B | $1.63B | $1.61B | $1.45B | — | +10.3% |
| Cost of revenue | $577.69M | $540.49M | $563.39M | $512.71M | — | +6.9% |
| Gross profit | $1.22B | $1.09B | $1.05B | $933.10M | — | +12.0% |
| Selling, general & admin | $676.34M | $617.23M | $592.98M | $514.38M | — | +9.6% |
| Total operating expense | — | — | — | — | $387.86M | — |
| Operating income | $527.61M | $440.83M | $401.42M | $380.86M | — | +19.7% |
| Net interest income | -$12.73M | -$12.66M | -$12.52M | -$11.07M | — | -0.5% |
| Pre-tax income | $547.53M | $381.61M | $411.33M | $306.22M | — | +43.5% |
| Tax provision | $133.43M | $113.18M | $106.55M | $71.66M | — | +17.9% |
| Net income | $403.30M | $268.31M | $298.98M | $239.50M | — | +50.3% |
| Net income to common | $385.16M | $256.71M | $285.00M | $227.67M | — | +50.0% |
| Basic EPS | 5.13 | 3.23 | 3.40 | 2.65 | — | +58.8% |
| Diluted EPS | 5.13 | 3.23 | 3.40 | 2.65 | — | +58.8% |
| EBIT | $560.26M | $394.27M | $423.85M | $317.30M | — | +42.1% |
| EBITDA | $582.52M | $416.70M | $450.69M | $345.38M | — | +39.8% |
| Basic shares | 75.10M | 79.43M | 83.86M | 85.76M | — | -5.4% |
| Diluted shares | 75.10M | 79.43M | 83.86M | 85.77M | — | -5.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $582.54M | $504.44M | $383.18M | $336.78M | +15.5% |
| Cash & short-term investments | $724.30M | $641.04M | $560.67M | $521.75M | +13.0% |
| Accounts receivable | $47.55M | $69.90M | $75.72M | $58.07M | -32.0% |
| Total current assets | $863.79M | $781.35M | $720.73M | $651.03M | +10.6% |
| Property, plant & equipment | $120.63M | $130.28M | $129.98M | $128.60M | -7.4% |
| Goodwill & intangibles | $1.18B | $1.13B | $1.22B | $1.21B | +4.5% |
| Total assets | $2.23B | $2.08B | $2.10B | $2.02B | +6.9% |
| Total current liabilities | $314.14M | $289.19M | $287.34M | $257.41M | +8.6% |
| Long-term debt | $348.37M | $348.11M | $347.84M | $347.58M | +0.1% |
| Total debt | $457.01M | $461.97M | $457.94M | $452.78M | -1.1% |
| Total liabilities | $965.86M | $933.96M | $947.75M | $912.97M | +3.4% |
| Retained earnings | $1.53B | $1.26B | $1.19B | $1.02B | +21.8% |
| Shareholder equity | $1.20B | $1.10B | $1.13B | $1.05B | +9.3% |
| Working capital | $549.65M | $492.16M | $433.39M | $393.62M | +11.7% |
| Net tangible assets | $13.34M | -$37.49M | -$88.35M | -$163.85M | +135.6% |
| Shares issued | 99.51M | 99.51M | 99.51M | 99.51M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $414.10M | $268.43M | $304.78M | $234.56M | +54.3% |
| Depreciation & amortisation | $22.26M | $22.43M | $26.84M | $28.09M | -0.8% |
| Stock-based compensation | $29.13M | $28.78M | $33.95M | $35.51M | +1.2% |
| Change in working capital | -$3.36M | $17.57M | -$12.14M | $4.06M | -119.1% |
| Operating cash flow | $297.35M | $346.55M | $311.83M | $323.95M | -14.2% |
| Capital expenditure | -$2.76M | -$4.02M | -$7.92M | -$4.37M | +31.4% |
| Investing cash flow | $2.01M | $64.25M | -$30.61M | -$32.36M | -96.9% |
| Share buybacks | -$262.77M | -$137.62M | -$177.07M | -$218.14M | -90.9% |
| Dividends paid | -$104.87M | -$184.81M | -$98.09M | -$97.92M | +43.3% |
| Financing cash flow | -$237.88M | -$286.40M | -$243.09M | -$168.51M | +16.9% |
| Free cash flow | $294.58M | $342.53M | $303.92M | $319.58M | -14.0% |
| End cash position | $584.38M | $507.57M | $386.95M | $340.95M | +15.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | — | $478.96M | $482.83M | $469.45M | $424.84M | $423.54M | — |
| Operating revenue | — | $478.96M | $482.83M | $469.45M | $424.84M | $423.54M | — |
| Cost of revenue | — | $154.12M | $144.98M | $144.56M | $144.87M | $143.27M | — |
| Gross profit | — | $324.84M | $337.85M | $324.88M | $279.97M | $280.27M | — |
| Selling, general & admin | — | $187.70M | $187.16M | $175.22M | $157.56M | $156.39M | — |
| Total operating expense | — | $195.09M | $198.80M | $191.88M | $159.38M | $145.30M | — |
| Operating income | — | $129.75M | $139.05M | $133.01M | $120.59M | $134.97M | — |
| Net interest income | — | -$3.19M | -$3.20M | -$3.18M | -$3.17M | -$3.18M | — |
| Pre-tax income | — | $129.77M | $140.33M | $140.33M | $130.83M | $136.04M | — |
| Tax provision | — | $33.82M | $32.90M | $34.23M | $34.13M | $32.16M | — |
| Net income to common | — | $91.99M | $102.24M | $99.45M | $86.86M | $96.62M | — |
| Basic EPS | 1.38 | 1.27 | 1.39 | 1.34 | 1.16 | — | +8.7% |
| Diluted EPS | 1.38 | 1.27 | 1.39 | 1.34 | 1.16 | — | +9.0% |
| EBIT | — | $132.95M | $143.53M | $143.51M | $134.00M | $139.22M | — |
| EBITDA | — | $138.21M | $149.11M | $149.14M | $139.63M | $144.64M | — |
| Basic shares | 71.94M | 72.65M | 73.80M | 74.06M | 75.06M | — | -1.0% |
| Diluted shares | 71.95M | 72.65M | 73.80M | 74.06M | 75.07M | — | -1.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | $513.88M | $582.54M | $506.28M | $370.99M | $387.57M | — |
| Cash & short-term investments | — | $645.42M | $724.30M | $647.39M | $607.48M | $541.83M | — |
| Accounts receivable | — | $50.34M | $47.55M | $59.98M | $63.98M | $64.32M | — |
| Total current assets | — | $788.57M | $863.79M | $802.34M | $760.68M | $678.57M | — |
| Property, plant & equipment | — | $117.52M | $120.63M | $129.04M | $124.73M | $123.85M | — |
| Goodwill & intangibles | — | $1.17B | $1.18B | $1.20B | $1.21B | $1.14B | — |
| Total assets | — | $2.14B | $2.23B | $2.18B | $2.15B | $2.00B | — |
| Total current liabilities | — | $240.68M | $314.14M | $256.40M | $225.73M | $222.99M | — |
| Long-term debt | — | $348.43M | $348.37M | $348.30M | $348.24M | $348.17M | — |
| Total debt | — | $450.51M | $457.01M | $460.85M | $460.50M | $459.10M | — |
| Total liabilities | — | $880.97M | $965.86M | $931.47M | $874.49M | $858.72M | — |
| Retained earnings | — | $1.59B | $1.53B | $1.46B | $1.38B | $1.32B | — |
| Shareholder equity | — | $1.20B | $1.20B | $1.19B | $1.11B | $1.08B | — |
| Working capital | — | $547.89M | $549.65M | $545.94M | $534.95M | $455.58M | — |
| Net tangible assets | — | $30.33M | $13.34M | -$8.71M | -$92.93M | -$62.69M | — |
| Shares issued | 75.91M | 99.51M | 99.51M | 99.51M | 99.51M | — | -23.7% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $95.95M | $107.43M | $106.09M | $96.69M | $103.88M | — | -10.7% |
| Depreciation & amortisation | $5.25M | $5.57M | $5.63M | $5.64M | $5.42M | — | -5.8% |
| Stock-based compensation | $12.27M | $5.95M | $5.67M | $6.39M | $11.12M | — | +106.2% |
| Change in working capital | -$89.18M | $54.78M | $41.43M | -$9.04M | -$90.54M | — | -262.8% |
| Operating cash flow | $28.85M | $161.20M | $103.06M | $18.79M | $14.30M | — | -82.1% |
| Capital expenditure | -$4.84M | — | -$1.43M | -$786.00K | -$972.00K | -$505.00K | — |
| Investing cash flow | $1.16M | $14.10M | $5.45M | -$16.02M | -$1.53M | — | -91.8% |
| Share buybacks | -$64.72M | -$77.10M | -$21.00K | -$65.52M | -$120.13M | — | +16.1% |
| Dividends paid | -$25.95M | -$26.36M | -$26.36M | -$26.85M | -$25.30M | — | +1.6% |
| Financing cash flow | -$97.25M | -$98.49M | $29.86M | -$31.69M | -$137.57M | — | +1.3% |
| Free cash flow | $24.00M | $161.63M | $101.63M | $18.00M | $13.33M | — | -85.1% |
| End cash position | $514.38M | $584.38M | $506.77M | $371.47M | $388.04M | — | -12.0% |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.19 | 1.38 | +16.1% |
| Mar 2026 | 1.19 | 1.27 | +7.1% |
| Dec 2025 | 1.22 | 1.39 | +13.9% |
| Sep 2025 | 1.12 | 1.34 | +19.2% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.40 | 4 | $501.91M | +6.9% |
| Next quarter | 1.42 | 4 | $510.30M | +5.7% |
| Current year | 5.57 | 5 | $1.99B | +10.6% |
| Next year | 5.90 | 5 | $2.08B | +4.3% |
Analyst targets & ownership
Mean target$61.14
High target$65.00
Low target$55.00
Implied upside-4.10%
Analyst count7
ConsensusHOLD
Strong buy / Buy0 / 1
Hold6
Sell / Strong sell0 / 1
Held by insiders3.90%
Held by institutions93.44%
Institutions holding536
Price targets, consensus spread, insider and institutional ownership.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 10, 26 | Evercore ISI Group | MAINTAINED | Outperform | Outperform |
| Aug 3, 26 | Evercore ISI Group | MAINTAINED | Outperform | Outperform |
| Jul 2, 26 | RBC Capital | MAINTAINED | Sector Perform | Sector Perform |
| May 6, 26 | RBC Capital | MAINTAINED | Sector Perform | Sector Perform |
| May 4, 26 | JP Morgan | MAINTAINED | Underweight | Underweight |
| May 4, 26 | TD Cowen | MAINTAINED | Hold | Hold |
| Apr 16, 26 | JP Morgan | DOWNGRADE | Neutral | Underweight |
| Feb 3, 26 | RBC Capital | MAINTAINED | Sector Perform | Sector Perform |
| Jan 14, 26 | TD Cowen | MAINTAINED | Hold | Hold |
| Nov 4, 25 | TD Cowen | MAINTAINED | Buy | Buy |
| Nov 3, 25 | JP Morgan | MAINTAINED | Neutral | Neutral |
| Oct 7, 25 | JP Morgan | MAINTAINED | Neutral | Neutral |
Moving averages & technicals
SMA 10
63.57
+0.30% from price
SMA 20
62.72
+1.57% from price
SMA 50
59.88
+6.37% from price
SMA 100
58.04
+9.86% from price
SMA 200
55.60
+14.56% from price
EMA 12
63.28
+0.76% from price
EMA 26
62.03
+2.79% from price
EMA 50
60.46
+5.45% from price
RSI (14)
61.0
Neutral
MACD (12,26,9)
1.25
Hist -0.10
ATR (14)
1.64
2.57% of price
Realised vol 30D
26.0%
Annualised
Bollinger upper
66.18
20, 2σ
Bollinger lower
59.25
20, 2σ
50 / 200 cross
Golden
59.88 vs 55.60
Trend bias
Above 200
+14.56%
Risk profile
Beta vs SPY
0.67
Less volatile than market
Correlation to SPY
0.36
Loosely linked
Realised vol 30D
26.0%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-12.6%
Peak to trough
Max drawdown 5Y
-30.8%
Peak to trough
ATR 14
1.64
2.57% of price
Beta (reported)
0.63
5Y monthly, from filing
Dividends & splits
Forward rate$1.44 / yr
Forward yield2.26%
5-year avg yield3.01%
Payout ratio26.02%
Ex-dividend dateAug 7, 2026
Next pay dateAug 14, 2026
Last split3:2
Split dateJul 18, 2000
SEC filings
Periodic Financial Reports
10-Q · 2026-07-31
Corporate Changes & Voting Matters
8-K · 2026-07-30
Offering Registrations
S-8 · 2026-05-04
Periodic Financial Reports
10-Q · 2026-05-01
Corporate Changes & Voting Matters
8-K · 2026-04-30
Corporate Changes & Voting Matters
8-K · 2026-04-09
Proxy Statements
DEF 14C · 2026-03-17
Periodic Financial Reports
10-K · 2026-02-27
Headlines
Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
PR Newswire · 5d ago
Custody Bank Stocks Q2 Recap: Benchmarking Federated Hermes (NYSE:FHI)
StockStory · 6d ago
Are You Looking for a High-Growth Dividend Stock?
Zacks · 8d ago
Federated Hermes Premier Municipal Income Fund declares dividend
PR Newswire · 12d ago
Federated Hermes (FHI) Q2 2026 Earnings Call Transcript
Motley Fool · 15d ago
FHI Q2 Deep Dive: Private Market Expansion and Digital Initiatives Offset Money Market Outflows
StockStory · 18d ago
Federated Hermes (FHI) Appoints Kimberly Craver To Lead Global Human Resources
Simply Wall St. · 22d ago
Federated Hermes Inc (FHI) (Q2 2026) Earnings Call Highlights: Record AUM of $912 Billion ...
GuruFocus.com · 22d ago
PRIVATE STRATEGY · BY QUALIFICATION
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