Fidelity National Financial Inc. Takes $9.09 Million Position in Figure Technology Solutions, Inc. $FIGR

Fidelity National Financial Inc. acquired a new position in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 250,000 shares of the company’s stock, valued at approximately $9,092,000. Figure Technology Solutions makes up about 0.2% of Fidelity National Financial Inc.’s investment portfolio, making the stock its 12th biggest position. Fidelity National Financial Inc. owned about 0.12% of Figure Technology Solutions at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. acquired a new position in Figure Technology Solutions during the 3rd quarter worth approximately $64,000. SBI Securities Co. Ltd. bought a new stake in shares of Figure Technology Solutions during the third quarter valued at approximately $66,000. PNC Financial Services Group Inc. acquired a new position in shares of Figure Technology Solutions during the third quarter worth approximately $73,000. Ameritas Advisory Services LLC bought a new position in shares of Figure Technology Solutions in the 3rd quarter worth $200,000. Finally, Hennessy Advisors Inc. bought a new position in shares of Figure Technology Solutions in the 3rd quarter worth $255,000.

Figure Technology Solutions Stock Up 3.8%

Figure Technology Solutions stock opened at $30.22 on Tuesday. Figure Technology Solutions, Inc. has a 52 week low of $28.37 and a 52 week high of $78.00. The business’s 50 day moving average price is $48.69. The company has a market cap of $5.32 billion and a PE ratio of 88.88. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.26.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of Figure Technology Solutions from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, February 19th. Sanford C. Bernstein upped their target price on shares of Figure Technology Solutions from $54.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, January 13th. Zacks Research cut shares of Figure Technology Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Needham & Company LLC reissued a “buy” rating and set a $71.00 price objective on shares of Figure Technology Solutions in a report on Thursday, February 5th. Finally, Mizuho increased their price objective on Figure Technology Solutions from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.50.

Insiders Place Their Bets

In other Figure Technology Solutions news, CEO Michael Benjamin Tannenbaum sold 90,026 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $35.12, for a total value of $3,161,713.12. Following the transaction, the chief executive officer owned 3,641,903 shares of the company’s stock, valued at approximately $127,903,633.36. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Minchung Kgil sold 100,000 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $35.09, for a total value of $3,509,000.00. Following the sale, the chief financial officer directly owned 617,149 shares of the company’s stock, valued at approximately $21,655,758.41. This represents a 13.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 723,136 shares of company stock valued at $27,113,723.

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.