VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 46,600 Fair Isaac Corporation $FICO

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Fair Isaac Corporation (NYSE:FICO) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 46,600 shares of the technology company’s stock, valued at approximately $85,183,000.

Several other institutional investors and hedge funds have also modified their holdings of FICO. Meeder Asset Management Inc. lifted its holdings 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 acquiring an additional 5 shares during the last quarter. Baker Avenue Asset Management LP boosted its position in Fair Isaac by 4.6% during the first quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company’s stock valued at $209,000 after acquiring an additional 5 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Fair Isaac by 4.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company’s stock valued at $262,000 after purchasing an additional 6 shares in the last quarter. Forum Financial Management LP grew its position in shares of Fair Isaac by 2.2% during the 1st quarter. Forum Financial Management LP now owns 275 shares of the technology company’s stock worth $507,000 after buying an additional 6 shares during the period. Finally, Ironwood Investment Counsel LLC increased its stake in Fair Isaac by 5.8% in the first quarter. Ironwood Investment Counsel LLC now owns 109 shares of the technology company’s stock valued at $201,000 after purchasing an additional 6 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO William J. Lansing sold 4,942 shares of the stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total transaction of $8,062,082.28. Following the transaction, the chief executive officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 18,032 shares of company stock valued at $28,094,085. 3.46% of the stock is currently owned by corporate insiders.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $1,614.22 on Friday. 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 market cap of $38.75 billion, a PE ratio of 63.13, a PEG ratio of 1.74 and a beta of 1.35. The company has a 50 day simple moving average of $1,533.05 and a two-hundred day simple moving average of $1,689.87.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating 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 business had revenue of $536.42 million for the quarter, compared to analysts’ expectations of $520.40 million. During the same quarter in the prior year, the firm earned $6.25 earnings per share. The firm’s revenue was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FICO. Griffin Securities set a $1,800.00 target price on Fair Isaac in a report on Monday, August 18th. BMO Capital Markets upped their target price on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an “outperform” rating in a report on Monday, August 18th. Wells Fargo & Company raised their price objective on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays boosted their target price on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Finally, Seaport Res Ptn upgraded shares of 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 given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average target price of $2,137.43.

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.