Meiji Yasuda Life Insurance Co Raises Stake in Fair Isaac Co. (NYSE:FICO)

Meiji Yasuda Life Insurance Co grew its position in Fair Isaac Co. (NYSE:FICO) by 21.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 679 shares of the technology company’s stock after purchasing an additional 119 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Fair Isaac were worth $1,011,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Panagora Asset Management Inc. lifted its stake in Fair Isaac by 0.8% during the fourth quarter. Panagora Asset Management Inc. now owns 1,219 shares of the technology company’s stock worth $1,419,000 after purchasing an additional 10 shares during the last quarter. Norges Bank purchased a new stake in shares of Fair Isaac during the 4th quarter worth approximately $259,509,000. PNC Financial Services Group Inc. boosted its holdings in shares of Fair Isaac by 4.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,627 shares of the technology company’s stock valued at $1,894,000 after buying an additional 71 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Fair Isaac by 3.0% in the 4th quarter. Wells Fargo & Company MN now owns 70,815 shares of the technology company’s stock valued at $82,430,000 after buying an additional 2,036 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in Fair Isaac by 35.5% during the 4th quarter. D.A. Davidson & CO. now owns 466 shares of the technology company’s stock worth $542,000 after acquiring an additional 122 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Stock Up 0.8 %

Shares of NYSE:FICO opened at $1,900.33 on Thursday. Fair Isaac Co. has a fifty-two week low of $811.99 and a fifty-two week high of $1,915.00. The firm’s 50-day simple moving average is $1,693.81 and its 200-day simple moving average is $1,443.55. The company has a market cap 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 announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The business had revenue of $447.85 million during the quarter, compared to analysts’ expectations of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. On average, research analysts forecast that Fair Isaac Co. will post 19.19 EPS for the current year.

Fair Isaac announced that its Board of Directors has approved a share buyback plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the sale, the chief financial officer now directly owns 575 shares in the company, valued at approximately $997,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Steven P. Weber sold 1,800 shares of Fair Isaac stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the completion of the sale, the chief financial officer now directly owns 575 shares in the company, valued at approximately $997,625. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mark R. Scadina sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the completion of the sale, the executive vice president now owns 19,919 shares in the company, valued at approximately $34,144,751.42. The disclosure for this sale can be found here. Insiders have sold 15,261 shares of company stock valued at $26,291,370 over the last quarter. Company insiders own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Robert W. Baird raised their price target on 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. Oppenheimer began coverage on Fair Isaac in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 price objective for the company. Needham & Company LLC raised 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 research report on Thursday, August 1st. Finally, Wolfe Research assumed coverage on shares of Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus price target of $1,582.58.

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.