Kentucky Retirement Systems Reduces Position in Fair Isaac Co. (NYSE:FICO)

Kentucky Retirement Systems trimmed its stake in Fair Isaac Co. (NYSE:FICO) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,862 shares of the technology company’s stock after selling 25 shares during the period. Kentucky Retirement Systems’ holdings in Fair Isaac were worth $2,772,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FICO. Price T Rowe Associates Inc. MD increased its position in Fair Isaac by 25.4% in 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 buying an additional 174,397 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Fair Isaac by 30.2% during the first quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock valued at $445,660,000 after purchasing an additional 82,699 shares in the last quarter. Putnam Investments LLC boosted its position in shares of Fair Isaac by 111.3% in the fourth quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock worth $177,975,000 after purchasing an additional 80,530 shares during the period. Westwind Capital increased its stake in shares of Fair Isaac by 891.8% in the second quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock worth $10,382,000 after purchasing an additional 62,710 shares in the last quarter. Finally, Spear Holdings RSC Ltd bought a new stake in shares of Fair Isaac during the 1st quarter valued at $69,478,000. 85.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Mark R. Scadina sold 3,500 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Mark R. Scadina sold 3,500 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the completion of the sale, the executive vice president now directly owns 19,919 shares of the company’s stock, valued at $34,144,751.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Kirsner sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the completion of the transaction, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. 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 three months. 3.54% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Fair Isaac Trading Up 0.3 %

Shares of NYSE FICO opened at $1,934.63 on Friday. The stock has a market capitalization of $47.81 billion, a price-to-earnings ratio of 101.56, a P/E/G 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 $1,951.40. The firm’s 50-day moving average price is $1,708.37 and its 200-day moving average price is $1,450.09.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data 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). The company had revenue of $447.85 million during the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. On average, equities 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 authorized a share buyback plan on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

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.