California State Teachers Retirement System Increases Stock Position in Fair Isaac Co. (NYSE:FICO)

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California State Teachers Retirement System lifted its position in shares of Fair Isaac Co. (NYSE:FICO) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,768 shares of the technology company’s stock after purchasing an additional 641 shares during the period. California State Teachers Retirement System owned 0.16% of Fair Isaac worth $13,892,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FICO. Pathstone Family Office LLC bought a new position in shares of Fair Isaac during the 2nd quarter worth approximately $30,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Fair Isaac in the 2nd quarter worth approximately $41,000. Quest Capital Management Inc. ADV purchased a new position in shares of Fair Isaac in the 3rd quarter worth approximately $54,000. Advisors Preferred LLC bought a new position in shares of Fair Isaac in the second quarter valued at approximately $71,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Fair Isaac by 4,545.5% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 511 shares of the technology company’s stock valued at $155,000 after acquiring an additional 500 shares in the last quarter. 83.16% of the stock is currently owned by institutional investors.

A number of brokerages recently commented on FICO. William Blair reiterated an “outperform” rating on shares of Fair Isaac in a report on Tuesday, November 5th. ValuEngine downgraded Fair Isaac from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised Fair Isaac from a “strong sell” rating to a “buy” rating and set a $368.00 target price for the company in a research report on Friday, November 8th. Finally, Robert W. Baird assumed coverage on Fair Isaac in a research note on Monday, October 14th. They set an “outperform” rating and a $352.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Fair Isaac currently has an average rating of “Buy” and an average price target of $358.75.

In other news, CAO Michael S. Leonard sold 500 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $347.74, for a total transaction of $173,870.00. Following the transaction, the chief accounting officer now owns 7,079 shares of the company’s stock, valued at approximately $2,461,651.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James M. Wehmann sold 6,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $332.63, for a total value of $1,995,780.00. Following the transaction, the executive vice president now owns 107,083 shares of the company’s stock, valued at approximately $35,619,018.29. The disclosure for this sale can be found here. Insiders sold 60,519 shares of company stock valued at $20,344,245 over the last three months. Company insiders own 6.10% of the company’s stock.

FICO opened at $359.92 on Tuesday. Fair Isaac Co. has a twelve month low of $170.26 and a twelve month high of $373.24. The company’s 50-day moving average price is $328.43 and its two-hundred day moving average price is $325.89. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of 64.63 and a beta of 1.17. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 2.09.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.33. Fair Isaac had a net margin of 16.56% and a return on equity of 66.75%. The company had revenue of $305.30 million for the quarter, compared to analysts’ expectations of $287.06 million. During the same quarter in the previous year, the firm posted $1.34 EPS. Fair Isaac’s revenue was up 19.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Fair Isaac Co. will post 6.72 earnings per share for the current year.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.

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Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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