California State Teachers Retirement System Acquires 88 Shares of Fair Isaac Co. (NYSE:FICO)

California State Teachers Retirement System increased its holdings in Fair Isaac Co. (NYSE:FICO) by 0.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,739 shares of the technology company’s stock after buying an additional 88 shares during the period. California State Teachers Retirement System’s holdings in Fair Isaac were worth $48,409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. increased its position in shares of Fair Isaac by 72.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,445 shares of the technology company’s stock valued at $6,338,000 after acquiring an additional 2,280 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Fair Isaac by 125.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,164 shares of the technology company’s stock valued at $4,847,000 after acquiring an additional 2,320 shares during the period. Pinnacle Associates Ltd. acquired a new position in shares of Fair Isaac in the 4th quarter valued at $204,000. Fifth Third Bancorp increased its position in shares of Fair Isaac by 42.0% in the 4th quarter. Fifth Third Bancorp now owns 240 shares of the technology company’s stock valued at $279,000 after acquiring an additional 71 shares during the period. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of Fair Isaac in the 4th quarter valued at $587,000. Institutional investors own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Robert W. Baird upped their price target on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report on Thursday. Redburn Atlantic assumed coverage on shares of Fair Isaac in a report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,500.00 price target on shares of Fair Isaac in a report on Tuesday, June 11th. Wolfe Research assumed coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target on the stock. Finally, Raymond James upped their price target on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,354.00.

Fair Isaac Price Performance

Fair Isaac stock traded up $11.08 during midday trading on Thursday, reaching $1,611.08. The company had a trading volume of 44,360 shares, compared to its average volume of 179,325. The company has a market capitalization of $39.81 billion, a P/E ratio of 83.82, a P/E/G ratio of 4.28 and a beta of 1.34. Fair Isaac Co. has a 12-month low of $810.26 and a 12-month high of $1,658.03. The firm’s fifty day simple moving average is $1,468.62 and its 200-day simple moving average is $1,328.86.

Fair Isaac announced that its Board of Directors has initiated a share buyback program on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 1,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the completion of the sale, the director now owns 21,118 shares in the company, valued at approximately $26,503,090. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Fair Isaac news, Director Joanna Rees sold 1,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the completion of the sale, the director now owns 21,118 shares in the company, valued at approximately $26,503,090. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Richard Deal sold 13,591 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the completion of the sale, the executive vice president now owns 49,314 shares of the company’s stock, valued at approximately $67,772,230.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,014 shares of company stock valued at $21,888,518. 3.54% of the stock is owned by corporate insiders.

About Fair Isaac

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.