VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Fair Isaac Corporation $FICO

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Fair Isaac Corporation (NYSE:FICO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 46,600 shares of the technology company’s stock, valued at approximately $85,183,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.19% of Fair Isaac at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FICO. ORG Partners LLC bought a new position in Fair Isaac in the second quarter valued at approximately $27,000. Hilltop National Bank acquired a new stake in shares of Fair Isaac in the 2nd quarter valued at approximately $27,000. Geo Capital Gestora de Recursos Ltd acquired a new stake in shares of Fair Isaac in the 1st quarter valued at approximately $28,000. N.E.W. Advisory Services LLC bought a new position in shares of Fair Isaac in the first quarter valued at $30,000. Finally, Meeder Asset Management Inc. increased its holdings in Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock worth $31,000 after buying an additional 5 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on FICO shares. Needham & Company LLC reiterated a “buy” rating and issued a $1,950.00 price target on shares of Fair Isaac in a research note on Thursday, October 2nd. Zacks Research raised shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Barclays lifted their price target on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Wells Fargo & Company upped their price objective on Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Griffin Securities set a $1,800.00 price objective 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 given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus target price of $2,137.43.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,614.22 on Friday. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,402.51. The firm has a market cap of $38.75 billion, a price-to-earnings ratio of 63.13, a P/E/G ratio of 1.74 and a beta of 1.35. The stock’s fifty day moving average price is $1,533.05 and its two-hundred day moving average price is $1,689.87.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The company had revenue of $536.42 million during the quarter, compared to analysts’ expectations of $520.40 million. During the same quarter in the previous year, the business posted $6.25 earnings per share. Fair Isaac’s quarterly revenue was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, equities analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 4,942 shares of Fair Isaac stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the completion of the sale, the chief executive officer directly owned 43,207 shares in the company, valued at approximately $70,485,307.38. The trade was a 10.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 18,032 shares of company stock valued at $28,094,085 in the last three months. 3.46% of the stock is currently owned by insiders.

Fair Isaac 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.