Tredje AP fonden Trims Stake in Fair Isaac Co. (NYSE:FICO)

Tredje AP fonden trimmed its position in Fair Isaac Co. (NYSE:FICO) by 1.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,009 shares of the technology company’s stock after selling 63 shares during the quarter. Tredje AP fonden’s holdings in Fair Isaac were worth $5,968,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new position in Fair Isaac during the 1st quarter worth about $25,000. Advisors Asset Management Inc. purchased a new stake in shares of Fair Isaac in the 1st quarter worth approximately $26,000. Tortoise Investment Management LLC boosted its stake in shares of Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares in the last quarter. OFI Invest Asset Management purchased a new position in Fair Isaac during the first quarter valued at approximately $31,000. Finally, Family Firm Inc. bought a new position in Fair Isaac in the second quarter worth approximately $34,000. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Trading Up 0.8 %

Shares of Fair Isaac stock opened at $1,900.33 on Thursday. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,915.00. The firm’s 50 day simple moving average is $1,693.81 and its two-hundred day simple moving average is $1,443.55. The firm has a market capitalization of $46.96 billion, a price-to-earnings ratio of 99.75, a PEG ratio of 4.41 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The firm had revenue of $447.85 million during the quarter, compared to analysts’ expectations of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. On average, sell-side analysts predict that Fair Isaac Co. will post 19.19 EPS for the current fiscal year.

Fair Isaac announced that its board has approved a stock repurchase program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have issued reports on FICO. Barclays increased their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Wolfe Research assumed coverage on Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price on the stock. Needham & Company LLC boosted their target price on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, Robert W. Baird boosted their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,582.58.

Insider Buying and Selling

In related news, Director Joanna Rees sold 3,961 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Thomas A. Bowers sold 3,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the completion of the transaction, the executive vice president now directly owns 5,769 shares in the company, valued at $9,895,392.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joanna Rees sold 3,961 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The disclosure for this sale can be found here. Insiders sold 15,261 shares of company stock valued at $26,291,370 over the last quarter. 3.54% of the stock is currently owned by company insiders.

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.