New York State Teachers Retirement System Has $45.94 Million Position in Fair Isaac Co. (NYSE:FICO)

New York State Teachers Retirement System lessened its stake in shares of Fair Isaac Co. (NYSE:FICO) by 4.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 23,637 shares of the technology company’s stock after selling 1,115 shares during the quarter. New York State Teachers Retirement System’s holdings in Fair Isaac were worth $45,939,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of FICO. Swedbank AB lifted its position in shares of Fair Isaac by 11.5% during the 3rd quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock worth $19,089,000 after purchasing an additional 1,013 shares during the last quarter. Commerce Bank boosted its position in shares of Fair Isaac by 704.8% in the first quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock valued at $7,603,000 after acquiring an additional 5,328 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Fair Isaac by 44.5% in the first quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock worth $36,883,000 after acquiring an additional 9,094 shares during the last quarter. Vanguard Group Inc. increased its position in Fair Isaac by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after acquiring an additional 35,263 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Fair Isaac by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after purchasing an additional 174,397 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Down 0.7 %

NYSE:FICO opened at $2,006.99 on Thursday. The firm has a market cap of $49.59 billion, a PE ratio of 105.35, a price-to-earnings-growth ratio of 3.75 and a beta of 1.35. Fair Isaac Co. has a 12 month low of $831.55 and a 12 month high of $2,103.70. The company’s 50-day moving average price is $1,897.66 and its two-hundred day moving average price is $1,599.16.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, July 31st. The technology company reported $4.99 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.34). Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. The business had revenue of $447.85 million during the quarter, compared to analyst estimates of $448.53 million. On average, research analysts expect that Fair Isaac Co. will post 19.33 EPS for the current fiscal year.

Fair Isaac announced that its Board of Directors has authorized a stock buyback program on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Mark R. Scadina sold 3,500 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the completion of the sale, the executive vice president now directly owns 19,919 shares in the company, valued at approximately $34,144,751.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Mark R. Scadina sold 3,500 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the sale, the executive vice president now directly owns 19,919 shares of the company’s stock, valued at $34,144,751.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,261 shares of company stock valued at $26,291,370. 3.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on FICO shares. UBS Group started coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target on the stock. Royal Bank of Canada boosted their price target on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Needham & Company LLC raised their price objective on Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird boosted their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Barclays upped their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,787.08.

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.