Teacher Retirement System of Texas Has $4.75 Million Holdings in SoFi Technologies, Inc. $SOFI

Teacher Retirement System of Texas increased its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 260,873 shares of the company’s stock after acquiring an additional 13,180 shares during the period. Teacher Retirement System of Texas’ holdings in SoFi Technologies were worth $4,750,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SOFI. Hazlett Burt & Watson Inc. grew its position in SoFi Technologies by 2,200.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company’s stock worth $27,000 after purchasing an additional 2,200 shares in the last quarter. Headlands Technologies LLC bought a new stake in SoFi Technologies in the 1st quarter worth about $28,000. SVB Wealth LLC bought a new stake in SoFi Technologies in the 1st quarter worth about $28,000. Larson Financial Group LLC grew its position in SoFi Technologies by 127.1% in the 1st quarter. Larson Financial Group LLC now owns 2,714 shares of the company’s stock worth $32,000 after purchasing an additional 1,519 shares in the last quarter. Finally, MCF Advisors LLC grew its position in SoFi Technologies by 119.3% in the 1st quarter. MCF Advisors LLC now owns 3,072 shares of the company’s stock worth $36,000 after purchasing an additional 1,671 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 10,578 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total value of $234,091.14. Following the completion of the transaction, the executive vice president directly owned 234,622 shares of the company’s stock, valued at approximately $5,192,184.86. This trade represents a 4.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 98,733 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the completion of the transaction, the chief technology officer directly owned 759,553 shares of the company’s stock, valued at approximately $20,887,707.50. This trade represents a 11.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 129,383 shares of company stock valued at $3,513,171. 2.60% of the stock is owned by insiders.

SoFi Technologies Stock Up 2.2%

SOFI opened at $29.68 on Friday. The company has a 50 day moving average of $27.29 and a 200 day moving average of $20.53. The company has a market cap of $35.54 billion, a PE ratio of 54.96, a price-to-earnings-growth ratio of 2.95 and a beta of 1.92. SoFi Technologies, Inc. has a 12 month low of $8.60 and a 12 month high of $32.56. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $949.63 million during the quarter, compared to the consensus estimate of $880.33 million. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.52%. SoFi Technologies’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same period last year, the firm earned $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analysts Set New Price Targets

SOFI has been the subject of a number of recent analyst reports. Cowen initiated coverage on shares of SoFi Technologies in a research report on Friday, July 11th. They issued a “hold” rating for the company. Jefferies Financial Group reissued a “buy” rating and set a $35.00 target price on shares of SoFi Technologies in a research report on Tuesday. Needham & Company LLC increased their target price on shares of SoFi Technologies from $29.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday. Rothschild & Co Redburn started coverage on shares of SoFi Technologies in a research report on Friday, August 1st. They set a “neutral” rating and a $20.50 target price for the company. Finally, Citizens Jmp downgraded shares of SoFi Technologies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, SoFi Technologies currently has an average rating of “Hold” and a consensus target price of $24.94.

SoFi Technologies 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.