Fair Isaac Corporation $FICO Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its position in Fair Isaac Corporation (NYSE:FICO) by 4.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,710 shares of the technology company’s stock after purchasing an additional 148 shares during the period. Teacher Retirement System of Texas’ holdings in Fair Isaac were worth $6,782,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FICO. ORG Partners LLC acquired a new stake in Fair Isaac in the second quarter valued at $27,000. Hilltop National Bank acquired a new stake in Fair Isaac in the second quarter valued at $27,000. Geo Capital Gestora de Recursos Ltd acquired a new stake in Fair Isaac in the first quarter valued at $28,000. N.E.W. Advisory Services LLC acquired a new stake in Fair Isaac in the first quarter valued at $30,000. Finally, Meeder Asset Management Inc. grew its holdings in Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock valued at $31,000 after purchasing an additional 5 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays upped their target price on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Fair Isaac in a research note on Thursday, July 17th. Raymond James Financial decreased their price objective on Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. Oppenheimer lowered Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Finally, Seaport Res Ptn raised Fair Isaac to a “strong-buy” rating in a research note on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,137.43.

Fair Isaac Trading Up 1.3%

Shares of NYSE:FICO opened at $1,587.48 on Friday. The stock’s 50-day moving average price is $1,582.40 and its two-hundred day moving average price is $1,679.99. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51. The firm has a market cap of $38.11 billion, a price-to-earnings ratio of 62.08, a PEG ratio of 1.63 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The firm had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same period last year, the company earned $6.25 EPS. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. As a group, research analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 4,942 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the sale, the chief executive officer directly owned 43,207 shares of the company’s stock, valued at approximately $70,485,307.38. This trade represents a 10.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 18,032 shares of company stock valued at $28,094,085. 3.46% of the stock is currently owned by company insiders.

Fair Isaac Company 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.