Maryland State Retirement & Pension System Trims Stock Position in Fair Isaac Co. (NYSE:FICO)

Maryland State Retirement & Pension System cut its stake in shares of Fair Isaac Co. (NYSE:FICO – Get Rating) by 7.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,970 shares of the technology company’s stock after selling 170 shares during the period. Maryland State Retirement & Pension System’s holdings in Fair Isaac were worth $919,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FICO. JFS Wealth Advisors LLC purchased a new stake in Fair Isaac during the 4th quarter valued at approximately $28,000. WASHINGTON TRUST Co purchased a new stake in Fair Isaac during the 4th quarter valued at approximately $28,000. Spire Wealth Management raised its stake in Fair Isaac by 195.7% during the 4th quarter. Spire Wealth Management now owns 68 shares of the technology company’s stock valued at $29,000 after acquiring an additional 45 shares during the last quarter. Sageworth Trust Co of South Dakota purchased a new stake in Fair Isaac during the 4th quarter valued at approximately $38,000. Finally, Ellevest Inc. raised its stake in Fair Isaac by 62.1% during the 4th quarter. Ellevest Inc. now owns 107 shares of the technology company’s stock valued at $46,000 after acquiring an additional 41 shares during the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group increased their target price on Fair Isaac from $529.00 to $588.00 and gave the stock a “buy” rating in a research note on Friday, March 4th. Barclays cut their target price on Fair Isaac from $575.00 to $450.00 and set an “overweight” rating for the company in a research note on Friday, June 17th. Finally, StockNews.com assumed coverage on Fair Isaac in a research note on Thursday, March 31st. They set a “buy” rating for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average price target of $535.50.

NYSE FICO opened at $386.63 on Thursday. Fair Isaac Co. has a 1-year low of $340.48 and a 1-year high of $553.97. The company has a market capitalization of $10.03 billion, a P/E ratio of 25.40 and a beta of 1.25. The business has a 50 day moving average price of $387.70 and a 200 day moving average price of $432.78.

Fair Isaac (NYSE:FICO – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The technology company reported $3.85 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.72. Fair Isaac had a negative return on equity of 113.66% and a net margin of 31.52%. The firm had revenue of $357.20 million during the quarter, compared to the consensus estimate of $337.63 million. During the same period last year, the business posted $2.30 EPS. Fair Isaac’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Fair Isaac Co. will post 12.5 earnings per share for the current year.

In related news, Director Joanna Rees sold 253 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $383.72, for a total value of $97,081.16. Following the completion of the transaction, the director now directly owns 3,922 shares of the company’s stock, valued at approximately $1,504,949.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.05% of the company’s stock.

Fair Isaac Profile (Get Rating)

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Scores and Software. The Software segment offers pre-configured decision management solution designed for various business problems or processes, such as marketing, account origination, customer management, customer engagement, fraud detection, financial crimes compliance, collection, and marketing, as well as associated professional services.

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