Public Employees Retirement System of Ohio Has $18.10 Million Stake in Fair Isaac Co. (NYSE:FICO)

Public Employees Retirement System of Ohio lessened its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,092 shares of the technology company's stock after selling 528 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Fair Isaac were worth $18,102,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its stake in Fair Isaac by 24.8% in the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company's stock worth $117,624,000 after acquiring an additional 12,038 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Fair Isaac by 1.1% during the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company's stock worth $1,308,460,000 after purchasing an additional 7,466 shares during the period. Merit Financial Group LLC grew its position in Fair Isaac by 35.7% during the fourth quarter. Merit Financial Group LLC now owns 175 shares of the technology company's stock valued at $349,000 after purchasing an additional 46 shares in the last quarter. Ballentine Partners LLC grew its position in Fair Isaac by 9.4% during the fourth quarter. Ballentine Partners LLC now owns 186 shares of the technology company's stock valued at $370,000 after purchasing an additional 16 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its stake in Fair Isaac by 5.3% in the 4th quarter. Atomi Financial Group Inc. now owns 258 shares of the technology company's stock valued at $514,000 after buying an additional 13 shares during the period. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Stock Performance

Shares of Fair Isaac stock traded up $50.14 during trading on Friday, reaching $1,735.14. The company's stock had a trading volume of 169,440 shares, compared to its average volume of 187,752. Fair Isaac Co. has a one year low of $1,266.72 and a one year high of $2,402.52. The firm has a market cap of $42.24 billion, a price-to-earnings ratio of 79.59, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. The business's fifty day moving average price is $1,903.28 and its 200-day moving average price is $1,964.30.

Fair Isaac (NYSE:FICO - Get Free Report) last released its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The firm had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same quarter last year, the firm posted $6.14 EPS. The company's revenue was up 15.0% on a year-over-year basis. Sell-side analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Buying and Selling at Fair Isaac

In other news, Director Marc F. Mcmorris sold 797 shares of Fair Isaac stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the sale, the director now owns 242 shares of the company's stock, valued at approximately $505,175. This trade represents a 76.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the sale, the executive vice president now directly owns 9,974 shares in the company, valued at $20,517,016.70. The trade was a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,933 shares of company stock valued at $35,250,629 in the last ninety days. Company insiders own 3.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FICO shares. Raymond James reaffirmed an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Bank of America started coverage on shares of Fair Isaac in a report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price objective for the company. Oppenheimer increased their target price on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company cut their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Two equities 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $2,304.15.

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.