State of New Jersey Common Pension Fund D Sells 966 Shares of Fair Isaac Corporation $FICO

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Fair Isaac Corporation by 10.7%, bringing its total holdings to 8,021 shares worth approximately $14.79 million.
• Fair Isaac's reported earnings for the last quarter surpassed analysts' expectations, with an EPS of $8.57, and revenue up 19.8% year-over-year to $536.42 million.
• Analysts maintain an overall positive outlook for Fair Isaac, with an average target price of $2,163.14, and a majority rating the stock as a "buy".

State of New Jersey Common Pension Fund D lowered its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 10.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,021 shares of the technology company's stock after selling 966 shares during the period. State of New Jersey Common Pension Fund D's holdings in Fair Isaac were worth $14,792,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new position in Fair Isaac in the first quarter worth about $30,000. Meeder Asset Management Inc. raised its holdings in Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after buying an additional 5 shares during the last quarter. Colonial Trust Co SC raised its holdings in Fair Isaac by 71.4% in the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after buying an additional 10 shares during the last quarter. Mechanics Financial Corp purchased a new position in Fair Isaac in the first quarter worth about $46,000. Finally, Hollencrest Capital Management raised its holdings in Fair Isaac by 766.7% in the first quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock worth $48,000 after buying an additional 23 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Trading Up 1.4%

NYSE FICO traded up $18.4010 during trading hours on Thursday, hitting $1,362.5110. 212,179 shares of the company's stock traded hands, compared to its average volume of 268,426. The business's fifty day moving average price is $1,590.07 and its two-hundred day moving average price is $1,764.19. The firm has a market capitalization of $32.70 billion, a P/E ratio of 53.29, a P/E/G ratio of 2.70 and a beta of 1.28. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The company's revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the business posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, sell-side analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its Board of Directors has authorized a share buyback program on Thursday, June 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to buy up to 2.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the completion of the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at $74,492,399.16. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the completion of the transaction, the chief financial officer owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. The trade was a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,021 shares of company stock valued at $22,247,892. Company insiders own 3.46% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their price objective for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a report on Monday. Wells Fargo & Company decreased their price objective on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. Finally, Needham & Company LLC decreased their price objective on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $2,134.57.

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.