Fair Isaac Corporation $FICO Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Increases Holdings

VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in Fair Isaac Corporation (NYSE:FICO) by 29.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 42,711 shares of the technology company’s stock after buying an additional 9,682 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Fair Isaac were worth $25,305,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Western Wealth Management LLC purchased a new position in shares of Fair Isaac in the 1st quarter valued at about $29,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Fair Isaac during the second quarter valued at $30,000. Versant Capital Management Inc grew its holdings in shares of Fair Isaac by 52.3% during the third quarter. Versant Capital Management Inc now owns 67 shares of the technology company’s stock worth $40,000 after buying an additional 23 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in Fair Isaac by 28.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 167 shares of the technology company’s stock valued at $99,000 after acquiring an additional 37 shares during the last quarter. Finally, Clearstead Trust LLC acquired a new position in Fair Isaac in the second quarter valued at $100,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Weiss Ratings lowered shares of Fair Isaac from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Mizuho set a $986.00 target price on shares of Fair Isaac in a research report on Monday, October 26th. Robert W. Baird reduced their price target on Fair Isaac from $1,549.00 to $1,070.00 and set an “outperform” rating for the company in a report on Friday, October 2nd. Royal Bank Of Canada decreased their price objective on shares of Fair Isaac from $1,525.00 to $1,045.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Fair Isaac in a research note on Tuesday, September 29th. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $1,014.00.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $711.60 on Friday. Fair Isaac Corporation has a one year low of $586.05 and a one year high of $1,858.91. The company has a market capitalization of $15.37 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 0.87 and a beta of 1.35. The stock has a fifty day moving average of $871.80 and a 200-day moving average of $1,128.71.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $12.18 earnings per share for the quarter, beating analysts’ consensus estimates of $11.76 by $0.42. The business had revenue of $674.19 million during the quarter, compared to analyst estimates of $679.17 million. Fair Isaac had a negative return on equity of 32.51% and a net margin of 34.05%. Fair Isaac’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter last year, the company posted $8.57 EPS. As a group, research analysts forecast that Fair Isaac Corporation will post 36.77 EPS for the current fiscal year.

Fair Isaac Profile

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.