Retirement Systems of Alabama Acquires 39 Shares of Fair Isaac Co. (NYSE:FICO)

Retirement Systems of Alabama lifted its holdings in shares of Fair Isaac Co. (NYSE:FICOFree Report) by 0.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,485 shares of the technology company’s stock after acquiring an additional 39 shares during the quarter. Retirement Systems of Alabama’s holdings in Fair Isaac were worth $6,854,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FICO. OFI Invest Asset Management bought a new position in shares of Fair Isaac during the 1st quarter worth approximately $31,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Fair Isaac during the 4th quarter worth approximately $35,000. DSM Capital Partners LLC bought a new position in shares of Fair Isaac during the 4th quarter worth approximately $37,000. ZRC Wealth Management LLC bought a new position in shares of Fair Isaac during the 1st quarter worth approximately $47,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of Fair Isaac by 28.1% during the 4th quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock worth $48,000 after acquiring an additional 9 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Insider Transactions at Fair Isaac

In other news, EVP Richard Deal sold 13,591 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the completion of the transaction, the executive vice president now owns 49,314 shares of the company’s stock, valued at approximately $67,772,230.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Mark R. Scadina sold 423 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total transaction of $580,406.76. Following the sale, the executive vice president now owns 32,229 shares in the company, valued at approximately $44,222,055.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richard Deal sold 13,591 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the completion of the sale, the executive vice president now owns 49,314 shares in the company, valued at approximately $67,772,230.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,014 shares of company stock valued at $31,012,918. Corporate insiders own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FICO shares. Raymond James lifted their price target on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Redburn Atlantic started coverage on Fair Isaac in a report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price target for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $1,500.00 price target on shares of Fair Isaac in a report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,274.33.

Check Out Our Latest Research Report on Fair Isaac

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,551.55 on Friday. The stock has a market capitalization of $38.34 billion, a PE ratio of 81.45, a P/E/G ratio of 4.12 and a beta of 1.34. The business has a fifty day moving average price of $1,361.38 and a two-hundred day moving average price of $1,274.81. Fair Isaac Co. has a fifty-two week low of $776.63 and a fifty-two week high of $1,555.06.

Fair Isaac (NYSE:FICOGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The technology company reported $5.09 EPS for the quarter, topping analysts’ consensus estimates of $4.89 by $0.20. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. The company had revenue of $433.81 million during the quarter, compared to analysts’ expectations of $425.94 million. On average, equities analysts expect that Fair Isaac Co. will post 19.75 EPS for the current year.

Fair Isaac Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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