Fair Isaac Corporation $FICO Shares Purchased by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D increased its stake in Fair Isaac Corporation ($FICO) by 2.4%, holding 8,214 shares valued at approximately $15 million as of the end of the second quarter.
• Fair Isaac reported earnings of $8.57 per share for the latest quarter, exceeding analyst expectations, while its revenue increased by 19.8% year-over-year.
• Institutional investors own 85.75% of Fair Isaac's stock, reflecting strong interest from hedge funds and asset management firms, with several boosting their stakes in recent quarters.

State of New Jersey Common Pension Fund D increased its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,214 shares of the technology company's stock after purchasing an additional 193 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Fair Isaac were worth $15,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FICO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Fair Isaac by 29.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company's stock worth $584,193,000 after purchasing an additional 72,518 shares in the last quarter. Nuveen LLC acquired a new position in Fair Isaac during the 1st quarter worth $114,864,000. Vanguard Group Inc. boosted its position in shares of Fair Isaac by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock worth $5,463,202,000 after acquiring an additional 58,740 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Fair Isaac during the 2nd quarter worth about $85,183,000. Finally, Congress Asset Management Co. boosted its position in shares of Fair Isaac by 261.2% during the 2nd quarter. Congress Asset Management Co. now owns 48,778 shares of the technology company's stock worth $89,164,000 after acquiring an additional 35,272 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Trading Up 3.0%

Shares of FICO stock opened at $1,664.53 on Friday. The company has a market cap of $39.95 billion, a price-to-earnings ratio of 65.10, a price-to-earnings-growth ratio of 1.73 and a beta of 1.35. The stock has a 50 day simple moving average of $1,561.44 and a 200-day simple moving average of $1,686.51. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping analysts' consensus estimates of $7.75 by $0.82. The business had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The company's revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, equities analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO William J. Lansing sold 4,942 shares of the stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the transaction, the chief executive officer directly owned 43,207 shares of the company's stock, valued at approximately $70,485,307.38. This trade represents a 10.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 18,032 shares of company stock worth $28,094,085 in the last 90 days. 3.46% of the stock is owned by company insiders.

Analyst Ratings Changes

FICO has been the subject of several analyst reports. BMO Capital Markets upped their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an "outperform" rating in a research report on Monday, August 18th. Barclays upped their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an "overweight" rating in a research report on Thursday, October 2nd. Seaport Res Ptn raised Fair Isaac to a "strong-buy" rating in a research report on Wednesday, October 1st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Finally, UBS Group upped their price objective on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a "neutral" rating in a research report on Monday, September 15th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $2,137.43.

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.

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