Teacher Retirement System of Texas Makes New $2.80 Million Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

Teacher Retirement System of Texas acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) in the fourth quarter, Holdings Channel.com reports. The firm acquired 181,839 shares of the company’s stock, valued at approximately $2,800,000.

Several other large investors have also made changes to their positions in SOFI. Captrust Financial Advisors increased its holdings in SoFi Technologies by 2.8% in the 3rd quarter. Captrust Financial Advisors now owns 29,639 shares of the company’s stock worth $233,000 after acquiring an additional 809 shares in the last quarter. Procyon Advisors LLC increased its stake in shares of SoFi Technologies by 8.0% during the fourth quarter. Procyon Advisors LLC now owns 13,497 shares of the company’s stock worth $208,000 after purchasing an additional 1,000 shares in the last quarter. Game Plan Financial Advisors LLC raised its position in shares of SoFi Technologies by 13.9% during the 4th quarter. Game Plan Financial Advisors LLC now owns 8,200 shares of the company’s stock worth $128,000 after purchasing an additional 1,000 shares during the last quarter. Victory Capital Management Inc. lifted its stake in SoFi Technologies by 1.0% in the 3rd quarter. Victory Capital Management Inc. now owns 128,661 shares of the company’s stock valued at $1,011,000 after buying an additional 1,319 shares in the last quarter. Finally, World Investment Advisors LLC boosted its holdings in SoFi Technologies by 6.5% in the 3rd quarter. World Investment Advisors LLC now owns 21,745 shares of the company’s stock worth $171,000 after buying an additional 1,336 shares during the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at SoFi Technologies

In related news, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of the transaction, the chief technology officer now owns 655,118 shares of the company’s stock, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 11,181 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.72, for a total value of $142,222.32. Following the completion of the sale, the executive vice president now directly owns 226,210 shares in the company, valued at approximately $2,877,391.20. The trade was a 4.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,905 shares of company stock worth $1,308,075 over the last three months. Insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SOFI has been the topic of several research reports. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. UBS Group lifted their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. William Blair reiterated an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. Dbs Bank upgraded shares of SoFi Technologies to a “strong-buy” rating in a research report on Friday, February 21st. Finally, Bank of America reiterated an “underperform” rating and issued a $12.00 price objective on shares of SoFi Technologies in a report on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and a consensus target price of $12.50.

SoFi Technologies Trading Down 1.3 %

SOFI opened at $13.54 on Wednesday. The business’s 50 day moving average price is $14.64 and its 200 day moving average price is $13.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The stock has a market capitalization of $14.85 billion, a PE ratio of 36.59, a P/E/G ratio of 2.24 and a beta of 1.79. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same quarter in the previous year, the firm posted $0.04 earnings per share. As a group, equities research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

SoFi Technologies Company Profile

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.