Strs Ohio Sells 4,508 Shares of Fair Isaac Corporation $FICO

Strs Ohio decreased its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 76.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,360 shares of the technology company’s stock after selling 4,508 shares during the quarter. Strs Ohio’s holdings in Fair Isaac were worth $2,035,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FICO. Westside Investment Management Inc. bought a new stake in Fair Isaac in the second quarter worth $26,000. ORG Partners LLC acquired a new stake in shares of Fair Isaac in the second quarter worth about $27,000. Hilltop National Bank bought a new stake in shares of Fair Isaac during the 2nd quarter worth about $27,000. Ransom Advisory Ltd acquired a new position in shares of Fair Isaac during the 3rd quarter valued at about $30,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Fair Isaac by 66.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 20 shares of the technology company’s stock valued at $30,000 after acquiring an additional 8 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Activity

In other news, CFO Steven P. Weber sold 1,426 shares of Fair Isaac stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 2,804 shares in the company, valued at $5,075,240. The trade was a 33.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William J. Lansing sold 2,400 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 4,347 shares of company stock valued at $7,691,229. 3.46% of the stock is currently owned by insiders.

Fair Isaac Stock Performance

NYSE:FICO opened at $1,545.01 on Wednesday. The stock’s fifty day moving average price is $1,700.05 and its two-hundred day moving average price is $1,605.02. The company has a market cap of $36.71 billion, a price-to-earnings ratio of 58.19, a P/E/G ratio of 1.66 and a beta of 1.30. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,217.60.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Zacks Research cut Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Seaport Research Partners raised shares of Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Robert W. Baird raised their target price on shares of Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Jefferies Financial Group boosted their target price on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Finally, Needham & Company LLC restated a “buy” rating and set a $1,950.00 price target on shares of Fair Isaac in a report on Thursday, October 2nd. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,092.15.

Fair Isaac Profile

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.