New York State Teachers Retirement System Sells 1,277 Shares of Fair Isaac Corporation $FICO

New York State Teachers Retirement System cut its holdings in Fair Isaac Corporation (NYSE:FICO) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,907 shares of the technology company’s stock after selling 1,277 shares during the period. New York State Teachers Retirement System’s holdings in Fair Isaac were worth $29,791,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FICO. Vanguard Group Inc. boosted its holdings in shares of Fair Isaac by 1.2% in the second quarter. Vanguard Group Inc. now owns 2,997,525 shares of the technology company’s stock worth $5,479,356,000 after acquiring an additional 35,091 shares during the period. State Street Corp lifted its holdings in Fair Isaac by 1.2% during the 2nd quarter. State Street Corp now owns 1,083,410 shares of the technology company’s stock worth $1,980,430,000 after purchasing an additional 13,018 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Fair Isaac by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 712,699 shares of the technology company’s stock worth $1,299,727,000 after purchasing an additional 13,906 shares in the last quarter. American Century Companies Inc. boosted its stake in Fair Isaac by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 397,389 shares of the technology company’s stock worth $726,411,000 after purchasing an additional 10,771 shares during the period. Finally, Edgewood Management LLC purchased a new position in Fair Isaac during the 2nd quarter valued at about $612,785,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FICO has been the subject of a number of analyst reports. Jefferies Financial Group cut their price objective on shares of Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Zacks Research downgraded shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. BMO Capital Markets reduced their price target on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Wells Fargo & Company increased their price objective on Fair Isaac from $2,300.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Finally, Seaport Res Ptn raised Fair Isaac to a “strong-buy” rating in a research note on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,076.77.

Insider Activity

In other Fair Isaac news, CEO William J. Lansing sold 2,400 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total transaction of $4,158,912.00. Following the completion of the sale, the chief executive officer directly owned 10,933 shares in the company, valued at $18,945,577.04. This represents a 18.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Steven P. Weber sold 1,426 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer owned 2,804 shares of the company’s stock, valued at approximately $5,075,240. The trade was a 33.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 4,347 shares of company stock valued at $7,691,229. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $1,630.53 on Tuesday. The firm has a fifty day moving average of $1,735.46 and a 200 day moving average of $1,620.17. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,217.60. The firm has a market capitalization of $38.66 billion, a PE ratio of 61.41, a price-to-earnings-growth ratio of 1.81 and a beta of 1.30.

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