Teacher Retirement System of Texas Purchases 2,069 Shares of Fair Isaac Corporation (NYSE:FICO)

Teacher Retirement System of Texas grew its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 138.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,562 shares of the technology company's stock after buying an additional 2,069 shares during the period. Teacher Retirement System of Texas' holdings in Fair Isaac were worth $6,569,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FICO. Rakuten Securities Inc. increased its holdings in Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after buying an additional 8 shares in the last quarter. Pinnacle Holdings LLC purchased a new position in Fair Isaac during the fourth quarter worth about $26,000. Avalon Trust Co acquired a new position in Fair Isaac in the 4th quarter valued at about $40,000. OFI Invest Asset Management acquired a new stake in shares of Fair Isaac during the 4th quarter worth about $42,000. Finally, Colonial Trust Co SC boosted its position in shares of Fair Isaac by 71.4% during the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after purchasing an additional 10 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on FICO. Barclays decreased their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Raymond James Financial reaffirmed an "outperform" rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Needham & Company LLC restated a "buy" rating and issued a $2,575.00 price objective on shares of Fair Isaac in a research report on Friday, June 20th. Oppenheimer increased their price objective on shares of Fair Isaac from $2,293.00 to $2,300.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and cut their target price for the company from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Fair Isaac presently has an average rating of "Moderate Buy" and an average price target of $2,304.69.

Fair Isaac Trading Down 8.8%

NYSE FICO traded down $164.72 on Tuesday, reaching $1,705.11. The company's stock had a trading volume of 1,364,578 shares, compared to its average volume of 199,748. The firm has a market cap of $41.50 billion, a PE ratio of 73.43, a price-to-earnings-growth ratio of 2.97 and a beta of 1.28. The business has a 50-day moving average price of $1,876.53 and a 200 day moving average price of $1,871.96. Fair Isaac Corporation has a 52 week low of $1,484.29 and a 52 week high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The business had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. During the same period in the previous year, the firm posted $6.14 earnings per share. Fair Isaac's revenue for the quarter was up 15.0% compared to the same quarter last year. Analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac announced that its Board of Directors has initiated a stock repurchase plan on Thursday, June 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to purchase up to 2.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

Insider Transactions at Fair Isaac

In related news, Director Marc F. Mcmorris sold 797 shares of Fair Isaac stock in a transaction on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the completion of the transaction, the director owned 242 shares of the company's stock, valued at $505,175. This trade represents a 76.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas A. Bowers sold 4,077 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the sale, the executive vice president directly owned 9,974 shares of the company's stock, valued at approximately $20,517,016.70. This trade represents a 29.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,895 shares of company stock valued at $35,337,869. 3.46% of the stock is currently owned by company insiders.

Fair Isaac Company 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.