Teacher Retirement System of Texas Buys 1,328 Shares of Fair Isaac Co. (NYSE:FICO)

Teacher Retirement System of Texas raised its stake in Fair Isaac Co. (NYSE:FICO) by 804.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,493 shares of the technology company’s stock after buying an additional 1,328 shares during the period. Teacher Retirement System of Texas’ holdings in Fair Isaac were worth $2,972,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FICO. Mechanics Bank Trust Department increased its position in Fair Isaac by 5.7% during the 4th quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company’s stock valued at $223,000 after purchasing an additional 6 shares during the period. Alpha Cubed Investments LLC increased its position in shares of Fair Isaac by 1.3% during the fourth 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. Resonant Capital Advisors LLC raised its stake in Fair Isaac by 2.0% during the fourth 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 last quarter. Mather Group LLC. lifted its holdings in Fair Isaac by 5.2% in the fourth quarter. Mather Group LLC. now owns 122 shares of the technology company’s stock valued at $243,000 after buying an additional 6 shares during the period. Finally, D.A. Davidson & CO. boosted its position in Fair Isaac by 1.0% during the fourth quarter. D.A. Davidson & CO. now owns 621 shares of the technology company’s stock valued at $1,236,000 after acquiring an additional 6 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the sale, the chief executive officer now owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. The trade was a 12.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Steven P. Weber sold 139 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the sale, the chief financial officer now owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,241 shares of company stock valued at $18,186,184 in the last 90 days. 3.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FICO. Robert W. Baird lowered their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and set a $2,500.00 target price on shares of Fair Isaac in a research report on Wednesday, February 5th. JPMorgan Chase & Co. began coverage on shares of Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price target for the company. Finally, Jefferies Financial Group dropped their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,088.15.

Fair Isaac Stock Up 1.3 %

Shares of NYSE:FICO opened at $1,922.85 on Wednesday. The stock has a market cap of $46.95 billion, a price-to-earnings ratio of 88.24, a PEG ratio of 3.27 and a beta of 1.41. The business’s 50 day moving average is $1,834.60 and its 200 day moving average is $1,990.58. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.52.

Fair Isaac (NYSE:FICO) last posted its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. As a group, equities research analysts expect that Fair Isaac Co. will post 24.15 earnings per share 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.