Mutual of America Capital Management LLC Has $4.64 Million Stake in Fair Isaac Co. (NYSE:FICO)

Mutual of America Capital Management LLC lowered its stake in Fair Isaac Co. (NYSE:FICO) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,117 shares of the technology company’s stock after selling 140 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Fair Isaac were worth $4,640,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new position in Fair Isaac in the 1st quarter valued at approximately $25,000. Tortoise Investment Management LLC lifted its stake in shares of Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after acquiring an additional 9 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Fair Isaac during the 1st quarter valued at $26,000. Family Firm Inc. bought a new stake in Fair Isaac during the 2nd quarter worth $34,000. Finally, OFI Invest Asset Management acquired a new position in Fair Isaac in the 1st quarter worth about $31,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Stock Up 0.3 %

Shares of FICO stock opened at $1,934.63 on Friday. Fair Isaac Co. has a 52 week low of $811.99 and a 52 week high of $1,951.40. The firm has a 50 day moving average of $1,715.29 and a 200-day moving average of $1,455.81. The company has a market cap of $47.81 billion, a price-to-earnings ratio of 101.56, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34.

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

Fair Isaac announced that its Board of Directors has initiated a share buyback program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of recent research reports. Robert W. Baird lifted their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Barclays boosted their target price on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Royal Bank of Canada raised their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Wells Fargo & Company raised shares of Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Needham & Company LLC raised their target price on 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. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,582.58.

Insider Activity

In related news, Director Joanna Rees sold 3,961 shares of the stock in a transaction on 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the sale, the director now directly owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The disclosure for this sale can be found here. Insiders sold a total of 15,261 shares of company stock worth $26,291,370 over the last quarter. 3.54% of the stock is currently owned by corporate 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.