University of Texas Texas AM Investment Management Co. Has $4.50 Million Position in Fair Isaac Corporation $FICO

University of Texas Texas AM Investment Management Co. lessened its position in Fair Isaac Corporation (NYSE:FICO) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,461 shares of the technology company’s stock after selling 81 shares during the quarter. Fair Isaac makes up about 0.7% of University of Texas Texas AM Investment Management Co.’s portfolio, making the stock its 27th biggest position. University of Texas Texas AM Investment Management Co.’s holdings in Fair Isaac were worth $4,499,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FICO. Vanguard Group Inc. increased its position in Fair Isaac by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company’s stock valued at $5,463,202,000 after purchasing an additional 58,740 shares during the period. Price T Rowe Associates Inc. MD raised its position in Fair Isaac by 0.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company’s stock worth $1,518,803,000 after purchasing an additional 3,677 shares during the period. Principal Financial Group Inc. raised its holdings in Fair Isaac by 7.3% in the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company’s stock worth $722,585,000 after purchasing an additional 26,811 shares in the last quarter. American Century Companies Inc. increased its position in Fair Isaac by 4.7% during the 1st quarter. American Century Companies Inc. now owns 386,618 shares of the technology company’s stock valued at $712,985,000 after buying an additional 17,498 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Fair Isaac by 29.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock valued at $584,193,000 after buying an additional 72,518 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 4,942 shares of the firm’s 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 transaction, the chief executive officer owned 43,207 shares in the company, valued at $70,485,307.38. This trade represents a 10.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 18,032 shares of company stock worth $28,094,085 over the last quarter. Insiders own 3.46% of the company’s stock.

Wall Street Analyst Weigh In

FICO has been the subject of a number of recent research reports. Barclays lifted their price objective on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a report on Monday, August 18th. Oppenheimer lowered Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Needham & Company LLC reissued a “buy” rating and set a $1,950.00 price target on shares of Fair Isaac in a research note on Thursday, October 2nd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Fair Isaac in a research note on Thursday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,137.43.

Fair Isaac Stock Up 3.0%

Shares of NYSE:FICO opened at $1,664.53 on Friday. The company has a 50-day moving average price of $1,561.44 and a 200 day moving average price of $1,686.51. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The company has a market cap of $39.95 billion, a P/E ratio of 65.10, a PEG ratio of 1.73 and a beta of 1.35.

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

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.