Arizona State Retirement System Acquires 42 Shares of Fair Isaac Co. (NYSE:FICO)

Arizona State Retirement System boosted its holdings in Fair Isaac Co. (NYSE:FICO) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,122 shares of the technology company’s stock after buying an additional 42 shares during the period. Arizona State Retirement System’s holdings in Fair Isaac were worth $14,179,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Covestor Ltd increased its position in Fair Isaac by 30.0% in the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after buying an additional 6 shares during the period. Meeder Asset Management Inc. increased its position in Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after buying an additional 6 shares during the period. Mechanics Bank Trust Department increased its position in Fair Isaac by 5.7% in the 4th quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company’s stock worth $223,000 after buying an additional 6 shares during the period. Alpha Cubed Investments LLC increased its position in Fair Isaac by 1.3% in the 4th quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company’s stock worth $942,000 after buying an additional 6 shares during the period. Finally, Resonant Capital Advisors LLC increased its position in Fair Isaac by 2.0% in the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company’s stock worth $609,000 after buying an additional 6 shares during the period. 85.75% of the stock is owned by institutional investors.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,874.14 on Thursday. The firm has a market cap of $45.76 billion, a price-to-earnings ratio of 86.01, a P/E/G ratio of 3.27 and a beta of 1.39. The stock’s fifty day simple moving average is $1,883.11 and its 200 day simple moving average is $1,981.04. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.52.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. On average, research analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Marc F. Mcmorris sold 520 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the transaction, the director now owns 242 shares of the company’s stock, valued at $520,921.94. This represents a 68.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James M. Wehmann sold 3,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $2,195.19, for a total value of $6,585,570.00. Following the transaction, the executive vice president now directly owns 51,911 shares in the company, valued at $113,954,508.09. This trade represents a 5.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,670 shares of company stock valued at $18,823,773. 3.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Oppenheimer lowered their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group lowered their price objective on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group boosted their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird lowered their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. assumed coverage on Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Fair Isaac has a consensus rating of “Moderate Buy” and an average target price of $2,088.15.

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.