Fair Isaac Corporation $FICO Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S cut its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,556 shares of the technology company’s stock after selling 194 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Fair Isaac were worth $24,999,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FICO. N.E.W. Advisory Services LLC purchased a new stake in shares of Fair Isaac in the 1st quarter valued at approximately $30,000. Meeder Asset Management Inc. lifted its position in shares of Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock valued at $31,000 after acquiring an additional 5 shares in the last quarter. Mechanics Financial Corp purchased a new stake in shares of Fair Isaac in the 1st quarter valued at approximately $46,000. Colonial Trust Co SC lifted its position in shares of Fair Isaac by 71.4% in the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company’s stock valued at $48,000 after acquiring an additional 10 shares in the last quarter. Finally, Hollencrest Capital Management lifted its position in Fair Isaac by 766.7% in the 1st quarter. Hollencrest Capital Management now owns 26 shares of the technology company’s stock worth $48,000 after buying an additional 23 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 42,138 shares in the company, valued at $74,492,399.16. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven P. Weber sold 1,000 shares of the business’s stock in a transaction dated Monday, June 9th. The shares were 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 in the company, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,021 shares of company stock worth $22,247,892. Company insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FICO shares. Robert W. Baird upgraded shares of Fair Isaac from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Needham & Company LLC cut their target price on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a “buy” rating for the company in a research report on Wednesday, July 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $1,800.00 target price (up previously from $1,650.00) on shares of Fair Isaac in a research report on Monday. Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a report on Thursday, July 17th. Finally, Wells Fargo & Company cut their price target on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an “overweight” rating on the stock in a report on Wednesday, July 9th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $2,134.57.

Fair Isaac Stock Up 0.7%

NYSE FICO opened at $1,352.66 on Tuesday. The stock has a market cap of $32.47 billion, a P/E ratio of 52.90, a PEG ratio of 2.62 and a beta of 1.28. The company’s 50-day simple moving average is $1,606.94 and its 200 day simple moving average is $1,769.68. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating analysts’ consensus estimates of $7.75 by $0.82. The firm had revenue of $536.42 million for 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 for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the business earned $6.25 earnings per share. Research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its Board of Directors has initiated a share buyback program on Thursday, June 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

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.