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

Maryland State Retirement & Pension System lifted its stake in Fair Isaac Corporation (NYSE:FICO) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,155 shares of the technology company’s stock after purchasing an additional 46 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Fair Isaac were worth $2,111,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in FICO. ORG Partners LLC bought a new stake in shares of Fair Isaac in the 2nd quarter worth approximately $27,000. Hilltop National Bank purchased a new position in Fair Isaac in the 2nd quarter worth approximately $27,000. Geo Capital Gestora de Recursos Ltd purchased a new position in Fair Isaac in the 1st quarter worth approximately $28,000. N.E.W. Advisory Services LLC purchased a new position in Fair Isaac in the 1st quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. raised its holdings in Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock worth $31,000 after acquiring an additional 5 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company set a $2,300.00 price objective on shares of Fair Isaac in a report on Wednesday, October 1st. Oppenheimer decreased their price objective on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a report on Monday, August 18th. Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a report on Thursday, July 17th. Finally, Raymond James Financial decreased their price objective on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $2,130.29.

Fair Isaac Trading Down 2.4%

Shares of FICO opened at $1,668.26 on Friday. The firm has a market cap of $40.04 billion, a PE ratio of 65.24, a P/E/G ratio of 1.87 and a beta of 1.35. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,402.51. The firm has a fifty day simple moving average of $1,504.63 and a two-hundred day simple moving average of $1,699.05.

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

Fair Isaac declared that its Board of Directors has authorized a stock repurchase program on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to buy up to 2.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer owned 42,138 shares of the company’s stock, valued at approximately $64,787,175. This represents a 12.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.46% of the stock is owned by company insiders.

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.