Fair Isaac Corporation $FICO Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its position in Fair Isaac Corporation (NYSE:FICO) by 33.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,124 shares of the technology company’s stock after purchasing an additional 2,783 shares during the period. Public Employees Retirement System of Ohio’s holdings in Fair Isaac were worth $20,334,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FICO. Geo Capital Gestora de Recursos Ltd purchased a new stake in shares of Fair Isaac in the first quarter worth about $28,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Fair Isaac in the first quarter worth about $30,000. Meeder Asset Management Inc. boosted its stake in shares of Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock worth $31,000 after buying an additional 5 shares during the last quarter. Pinnacle Bancorp Inc. purchased a new stake in shares of Fair Isaac in the second quarter worth about $31,000. Finally, Mechanics Financial Corp purchased a new stake in shares of Fair Isaac in the first quarter worth about $46,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the completion of the sale, the chief executive officer owned 42,138 shares of the company’s stock, valued at approximately $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 18,032 shares of company stock valued at $28,153,015 over the last ninety days. 3.46% of the stock is currently owned by company insiders.

Fair Isaac Price Performance

NYSE FICO opened at $1,550.56 on Friday. The company has a market cap of $37.21 billion, a PE ratio of 60.64, a price-to-earnings-growth ratio of 3.01 and a beta of 1.35. The stock’s 50 day simple moving average is $1,466.42 and its 200-day simple moving average is $1,710.23. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,402.51.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating the consensus estimate of $7.75 by $0.82. The business had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the business posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, equities research analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac announced that its board has approved a stock repurchase plan on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FICO. Griffin Securities set a $1,800.00 target price on Fair Isaac in a research note on Monday, August 18th. Jefferies Financial Group reiterated a “buy” rating on shares of Fair Isaac in a research report on Thursday, July 17th. Raymond James Financial lowered their price target on Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Needham & Company LLC lowered their price target on Fair Isaac from $2,575.00 to $1,950.00 and set a “buy” rating on the stock in a research report on Wednesday, July 16th. Finally, Oppenheimer lowered their price target on Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,101.71.

Fair Isaac Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.