Figure Technology Solutions, Inc. $FIGR Stake Raised by WIM INVESTMENT MANAGEMENT Ltd

WIM INVESTMENT MANAGEMENT Ltd lifted its holdings in Figure Technology Solutions, Inc. (NASDAQ:FIGRFree Report) by 53.6% in the fourth quarter, Holdings Channel reports. The fund owned 745,286 shares of the company’s stock after purchasing an additional 260,000 shares during the quarter. Figure Technology Solutions makes up 7.9% of WIM INVESTMENT MANAGEMENT Ltd’s holdings, making the stock its 4th biggest holding. WIM INVESTMENT MANAGEMENT Ltd’s holdings in Figure Technology Solutions were worth $30,437,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Orland Properties Ltd bought a new stake in Figure Technology Solutions during the third quarter worth approximately $319,187,000. Vanguard Group Inc. grew its stake in shares of Figure Technology Solutions by 17.9% during the fourth quarter. Vanguard Group Inc. now owns 2,974,853 shares of the company’s stock valued at $121,493,000 after buying an additional 452,136 shares during the last quarter. Duquesne Family Office LLC purchased a new stake in shares of Figure Technology Solutions in the third quarter valued at approximately $76,989,000. Pantera Capital Partners LP purchased a new stake in shares of Figure Technology Solutions in the third quarter valued at approximately $56,114,000. Finally, Capital World Investors purchased a new stake in shares of Figure Technology Solutions in the third quarter valued at approximately $50,918,000.

Insider Buying and Selling at Figure Technology Solutions

In other news, Director Michael Scott Cagney sold 67,840 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $35.19, for a total transaction of $2,387,289.60. Following the transaction, the director directly owned 67,840 shares in the company, valued at $2,387,289.60. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director June Ou sold 67,840 shares of Figure Technology Solutions stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $35.19, for a total value of $2,387,289.60. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 620,352 shares of company stock worth $20,812,730. 26.60% of the stock is owned by company insiders.

Figure Technology Solutions Trading Up 2.6%

FIGR stock opened at $40.51 on Thursday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.19. Figure Technology Solutions, Inc. has a 12-month low of $25.01 and a 12-month high of $78.00. The stock has a market cap of $7.36 billion and a price-to-earnings ratio of 101.28. The business’s 50-day moving average is $34.41 and its 200 day moving average is $40.32.

Figure Technology Solutions (NASDAQ:FIGRGet Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $166.84 million during the quarter. On average, sell-side analysts anticipate that Figure Technology Solutions, Inc. will post 0.93 EPS for the current fiscal year.

Figure Technology Solutions announced that its board has approved a share buyback plan on Thursday, February 26th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FIGR shares. Texas Capital upgraded Figure Technology Solutions to a “strong-buy” rating in a report on Thursday, January 29th. The Goldman Sachs Group decreased their price objective on Figure Technology Solutions from $49.00 to $44.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Zacks Research raised Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. Keefe, Bruyette & Woods raised Figure Technology Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, February 19th. Finally, Sanford C. Bernstein reduced their price objective on Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.38.

View Our Latest Stock Report on Figure Technology Solutions

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About Figure Technology Solutions

(Free Report)

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.

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Institutional Ownership by Quarter for Figure Technology Solutions (NASDAQ:FIGR)

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