Fair Isaac Corporation $FICO Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp decreased its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 52.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,710 shares of the technology company’s stock after selling 1,880 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Fair Isaac were worth $3,126,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Edgewood Management LLC acquired a new position in shares of Fair Isaac in the 2nd quarter valued at $612,785,000. Norges Bank purchased a new stake in Fair Isaac during the 2nd quarter valued at about $365,831,000. Brown Advisory Inc. increased its holdings in shares of Fair Isaac by 2,047.5% in the second quarter. Brown Advisory Inc. now owns 99,387 shares of the technology company’s stock valued at $181,676,000 after purchasing an additional 94,759 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Fair Isaac by 29.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock worth $584,193,000 after purchasing an additional 72,518 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Fair Isaac in the second quarter worth about $85,183,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. UBS Group raised their target price on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Zacks Research lowered shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. BMO Capital Markets cut their price target on Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Finally, Seaport Res Ptn raised Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,076.77.

Insider Activity

In related news, CEO William J. Lansing sold 2,400 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the completion of the sale, the chief executive officer owned 10,933 shares of the company’s stock, valued at approximately $18,945,577.04. The trade was a 18.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven P. Weber sold 1,426 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $1,810.00, for a total transaction of $2,581,060.00. Following the transaction, the chief financial officer directly owned 2,804 shares in the company, valued at approximately $5,075,240. The trade was a 33.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 10,358 shares of company stock worth $17,517,343 over the last three months. 3.46% of the stock is currently owned by corporate insiders.

Fair Isaac Stock Performance

FICO opened at $1,747.90 on Friday. The company has a fifty day moving average of $1,717.38 and a two-hundred day moving average of $1,635.49. The stock has a market capitalization of $41.44 billion, a price-to-earnings ratio of 65.83, a PEG ratio of 1.95 and a beta of 1.29. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,217.60.

Fair Isaac (NYSE:FICO) last posted its earnings results on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, beating analysts’ consensus estimates of $7.36 by $0.38. The firm had revenue of $515.75 million for the quarter, compared to analysts’ expectations of $512.38 million. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The company’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the firm earned $6.54 EPS. On average, equities research analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

About Fair Isaac

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.