Maryland State Retirement & Pension System Purchases 46 Shares of Fair Isaac Corporation $FICO

Maryland State Retirement & Pension System increased its position in Fair Isaac Corporation (NYSE:FICO) by 4.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,155 shares of the technology company’s stock after buying an additional 46 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Fair Isaac were worth $2,111,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWA Asset Management Group LLC boosted its holdings in shares of Fair Isaac by 15.1% during the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company’s stock valued at $267,000 after purchasing an additional 19 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Fair Isaac by 4.5% during the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company’s stock valued at $728,000 after purchasing an additional 17 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock valued at $958,000 after purchasing an additional 302 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Fair Isaac by 55.6% during the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company’s stock valued at $258,000 after purchasing an additional 50 shares during the last quarter. Finally, Geo Capital Gestora de Recursos Ltd bought a new position in shares of Fair Isaac during the 1st quarter valued at about $28,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Down 2.4%

Shares of NYSE:FICO opened at $1,668.26 on Friday. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51. The company has a 50-day moving average price of $1,504.63 and a 200 day moving average price of $1,699.05. The company has a market cap of $40.04 billion, a price-to-earnings ratio of 65.24, a PEG ratio of 1.87 and a beta of 1.35.

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

Fair Isaac announced that its Board of Directors has initiated a stock buyback program on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have commented on FICO. Zacks Research raised shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fair Isaac in a report on Wednesday. Wells Fargo & Company set a $2,300.00 price target on shares of Fair Isaac in a report on Wednesday, October 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Fair Isaac in a report on Thursday, July 17th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Fair Isaac currently has a consensus rating of “Buy” and an average price target of $2,130.29.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were 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 $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.46% of the stock is currently owned by insiders.

About Fair Isaac

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.