9,682 Fair Isaac Corporation $FICO Shares Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems increased its Fair Isaac stake by 29.3% in the third quarter, purchasing 9,682 shares and bringing its holdings to 42,711 shares valued at approximately $25.3 million.
• Institutional investors own approximately 85.75% of FICO, while analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $1,014.
• FICO shares opened at $711.60, well below their 12-month high of $1,858.91. Despite a 25.7% year-over-year revenue increase and quarterly EPS that exceeded estimates, analysts expect full-year EPS of $36.77.

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 29.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,711 shares of the technology company's stock after buying an additional 9,682 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.20% of Fair Isaac worth $25,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Western Wealth Management LLC purchased a new stake in Fair Isaac in the 1st quarter worth approximately $29,000. Keating Financial Advisory Services Inc. bought a new position in shares of Fair Isaac during the 2nd quarter valued at about $30,000. Versant Capital Management Inc boosted its position in shares of Fair Isaac by 52.3% during the 3rd quarter. Versant Capital Management Inc now owns 67 shares of the technology company's stock valued at $40,000 after acquiring an additional 23 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Fair Isaac by 28.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 167 shares of the technology company's stock worth $99,000 after buying an additional 37 shares in the last quarter. Finally, Clearstead Trust LLC purchased a new position in Fair Isaac in the second quarter worth about $100,000. 85.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FICO shares. Royal Bank Of Canada lowered their target price on shares of Fair Isaac from $1,525.00 to $1,045.00 and set an "outperform" rating for the company in a research note on Friday, October 16th. Citigroup restated a "neutral" rating on shares of Fair Isaac in a report on Tuesday. Huber Research lowered Fair Isaac to a "strong sell" rating in a research note on Tuesday, September 29th. Raymond James Financial reduced their price objective on Fair Isaac from $1,750.00 to $1,230.00 and set an "outperform" rating for the company in a research note on Tuesday, October 13th. Finally, Susquehanna set a $700.00 target price on Fair Isaac in a research report on Wednesday, September 30th. Nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $1,014.00.

Fair Isaac Trading Up 0.3%

FICO stock opened at $711.60 on Friday. Fair Isaac Corporation has a 12-month low of $586.05 and a 12-month high of $1,858.91. The business's fifty day moving average price is $871.80 and its 200 day moving average price is $1,128.71. The company has a market capitalization of $15.37 billion, a PE ratio of 20.55, a P/E/G ratio of 0.87 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $12.18 EPS for the quarter, beating the consensus estimate of $11.76 by $0.42. The company had revenue of $674.19 million during the quarter, compared to analysts' expectations of $679.17 million. Fair Isaac had a net margin of 34.05% and a negative return on equity of 32.51%. The firm's revenue was up 25.7% compared to the same quarter last year. During the same quarter last year, the company posted $8.57 EPS. Research analysts predict that Fair Isaac Corporation will post 36.77 EPS for the current fiscal year.

About Fair Isaac

Fair Isaac Corporation, commonly known as FICO, develops analytics and decision-management software used by businesses to assess risk, detect fraud and make customer-related decisions. The company is best known for the FICO Score, a credit-risk scoring system used by lenders and other financial institutions to evaluate consumer creditworthiness.

FICO's offerings include credit scoring solutions, decisioning platforms, fraud-detection tools, customer management software and predictive analytics.

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