Public Employees Retirement System of Ohio Purchases Shares of 40,323 Figure Technology Solutions, Inc. $FIGR

Public Employees Retirement System of Ohio acquired a new position in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 40,323 shares of the company’s stock, valued at approximately $1,238,000.

Several other hedge funds have also modified their holdings of the stock. Victory Capital Management Inc. purchased a new stake in Figure Technology Solutions in the third quarter valued at approximately $9,221,000. Franklin Resources Inc. purchased a new stake in shares of Figure Technology Solutions during the 3rd quarter valued at $5,456,000. BNP Paribas Financial Markets purchased a new stake in shares of Figure Technology Solutions during the 3rd quarter valued at $102,000. UBS Group AG acquired a new stake in shares of Figure Technology Solutions during the 3rd quarter worth $7,620,000. Finally, Invesco Ltd. purchased a new position in shares of Figure Technology Solutions in the 3rd quarter worth $25,451,000.

Figure Technology Solutions Stock Performance

Shares of NASDAQ:FIGR opened at $38.26 on Wednesday. The business’s 50-day simple moving average is $32.16 and its 200 day simple moving average is $32.74. The company has a market cap of $7.10 billion and a P/E ratio of 41.14. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.86 and a current ratio of 1.86. Figure Technology Solutions, Inc. has a one year low of $24.11 and a one year high of $78.00.

Figure Technology Solutions (NASDAQ:FIGR) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. Figure Technology Solutions had a net margin of 33.45% and a return on equity of 18.90%. The company had revenue of $218.45 million during the quarter. On average, sell-side analysts forecast that Figure Technology Solutions, Inc. will post 1.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein boosted their price target on Figure Technology Solutions from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Keefe, Bruyette & Woods reduced their price objective on Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Zacks Research raised shares of Figure Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Weiss Ratings upgraded shares of Figure Technology Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Finally, Piper Sandler cut their target price on shares of Figure Technology Solutions from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $50.62.

Insider Buying and Selling at Figure Technology Solutions

In other Figure Technology Solutions news, CFO Minchung Kgil sold 8,000 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $38.69, for a total value of $309,520.00. Following the transaction, the chief financial officer owned 483,651 shares in the company, valued at $18,712,457.19. The trade was a 1.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Stevens sold 47,650 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $31.38, for a total value of $1,495,257.00. Following the sale, the insider owned 376,599 shares of the company’s stock, valued at $11,817,676.62. This represents a 11.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 80,767 shares of company stock worth $2,542,154 in the last ninety days. 26.60% of the stock is currently owned by insiders.

Figure Technology Solutions Company Profile

Figure is building the future of capital markets using blockchain-based technology. Figure’s proprietary technology powers next-generation lending, trading and investing activities in areas such as consumer credit and digital assets. Our application of the blockchain ledger allows us to better serve our end-customers, improve speed and efficiency, and enhance standardization and liquidity. Using our technology, we continue to develop dynamic, vertically-integrated marketplaces across the approximately $2 trillion consumer credit market and the rapidly growing approximately $4 trillion cryptocurrency and digital asset market.