SoFi Technologies, Inc. $SOFI Stock Holdings Increased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 24.7% in the first quarter, HoldingsChannel reports. The fund owned 189,849 shares of the company’s stock after buying an additional 37,554 shares during the period. Illinois Municipal Retirement Fund’s holdings in SoFi Technologies were worth $3,015,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of SOFI. Valley Wealth Managers Inc. bought a new stake in shares of SoFi Technologies during the fourth quarter valued at about $25,000. Blue Trust Inc. lifted its holdings in SoFi Technologies by 655.2% in the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after purchasing an additional 878 shares during the period. Vermillion Wealth Management Inc. grew its position in SoFi Technologies by 283.1% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after buying an additional 739 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in SoFi Technologies in the 4th quarter valued at about $28,000. Finally, Reflection Asset Management acquired a new position in SoFi Technologies during the 4th quarter valued at about $28,000. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Price Performance

SOFI stock opened at $17.28 on Monday. The firm has a market cap of $22.17 billion, a PE ratio of 39.27 and a beta of 2.14. SoFi Technologies, Inc. has a 12 month low of $14.92 and a 12 month high of $32.73. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. The firm has a 50 day simple moving average of $17.10 and a 200 day simple moving average of $19.11.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The firm’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on SOFI shares. Truist Financial dropped their price target on shares of SoFi Technologies from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Tuesday, May 12th. UBS Group decreased their price objective on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 price objective on shares of SoFi Technologies in a research note on Thursday, April 30th. Citigroup cut their target price on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Finally, Morgan Stanley set a $16.00 price target on SoFi Technologies in a research note on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, SoFi Technologies has a consensus rating of “Hold” and a consensus price target of $22.78.

Insider Buying and Selling

In related news, CEO Anthony Noto bought 15,545 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of $16.00 per share, for a total transaction of $248,720.00. Following the acquisition, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at $191,145,904. The trade was a 0.13% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Kelli Keough sold 10,954 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $17.35, for a total value of $190,051.90. Following the sale, the executive vice president directly owned 378,682 shares in the company, valued at $6,570,132.70. This trade represents a 2.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 134,044 shares of company stock worth $2,370,056 in the last three months. 2.50% of the stock is currently owned by insiders.

SoFi Technologies Company Profile

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.