Fair Isaac Co. (NYSE:FICO) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lowered its position in shares of Fair Isaac Co. (NYSE:FICO) by 67.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 771 shares of the technology company’s stock after selling 1,629 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Fair Isaac were worth $1,148,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Fair Isaac by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after acquiring an additional 35,263 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Fair Isaac by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after purchasing an additional 174,397 shares in the last quarter. Principal Financial Group Inc. raised its position in Fair Isaac by 3.9% in the 2nd quarter. Principal Financial Group Inc. now owns 370,605 shares of the technology company’s stock worth $551,706,000 after purchasing an additional 13,966 shares during the last quarter. American Century Companies Inc. raised its position in Fair Isaac by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock worth $514,523,000 after purchasing an additional 21,768 shares during the last quarter. Finally, Capital International Investors raised its position in shares of Fair Isaac by 4.5% during the 1st quarter. Capital International Investors now owns 181,406 shares of the technology company’s stock valued at $226,687,000 after acquiring an additional 7,884 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the transaction, the executive vice president now owns 5,769 shares of the company’s stock, valued at approximately $9,895,392.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 5,769 shares in the company, valued at approximately $9,895,392.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joanna Rees sold 3,961 shares of Fair Isaac 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 transaction of $6,931,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,261 shares of company stock valued at $26,291,370 over the last 90 days. 3.54% of the stock is owned by corporate insiders.

Fair Isaac Trading Up 1.5 %

Shares of Fair Isaac stock opened at $1,929.21 on Friday. The company’s fifty day simple moving average is $1,701.13 and its two-hundred day simple moving average is $1,446.74. The company has a market cap of $47.67 billion, a P/E ratio of 101.27, a PEG ratio of 4.41 and a beta of 1.34. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,946.80.

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

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.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Oppenheimer initiated coverage on shares of Fair Isaac in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 target price for the company. Barclays increased their price target on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Royal Bank of Canada increased their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Wolfe Research started coverage on shares of Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price on the stock. Finally, Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,582.58.

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.