Fair Isaac Corporation $FICO Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in Fair Isaac Corporation (NYSE:FICO) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,184 shares of the technology company’s stock after selling 100 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Fair Isaac worth $38,724,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FICO. ORG Partners LLC acquired a new position in Fair Isaac during the 2nd quarter valued at approximately $27,000. Hilltop National Bank acquired a new position in Fair Isaac during the 2nd quarter valued at approximately $27,000. Geo Capital Gestora de Recursos Ltd acquired a new position in Fair Isaac during the 1st quarter valued at approximately $28,000. N.E.W. Advisory Services LLC acquired a new position in Fair Isaac during the 1st quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. boosted its position in Fair Isaac by 41.7% during the 1st 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 period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FICO shares. UBS Group boosted their target price on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research report on Monday, September 15th. BMO Capital Markets boosted their target price on Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an “outperform” rating in a research report on Monday, August 18th. Oppenheimer lowered Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday. Needham & Company LLC reissued a “buy” rating and set a $1,950.00 price target on shares of Fair Isaac in a research report on Thursday, October 2nd. Finally, Griffin Securities set a $1,800.00 price target on Fair Isaac in a research report on Monday, August 18th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,137.43.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 42,138 shares of the company’s stock, valued at $64,787,175. This represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 18,032 shares of company stock valued at $28,094,085. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,618.85 on Friday. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The stock’s 50-day moving average is $1,527.15 and its two-hundred day moving average is $1,692.98. The firm has a market cap of $38.85 billion, a P/E ratio of 63.31, a PEG ratio of 1.76 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same period in the prior year, the firm posted $6.25 EPS. The business’s revenue was up 19.8% compared to the same quarter last year. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, research analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current 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 outstanding shares. This repurchase authorization permits the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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.