Tredje AP fonden Sells 63 Shares of Fair Isaac Co. (NYSE:FICO)

Tredje AP fonden trimmed its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

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

Fair Isaac Price Performance

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

Fair Isaac (NYSE:FICO) last issued its quarterly 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 company had revenue of $447.85 million during the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. Equities research analysts expect that Fair Isaac Co. will post 19.19 EPS for the current year.

Fair Isaac announced that its board has initiated a stock repurchase plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes 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 board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Oppenheimer began coverage on shares of Fair Isaac in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price objective on the stock. Barclays increased their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Robert W. Baird boosted their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Needham & Company LLC increased their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Wolfe Research initiated coverage on shares of Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,582.58.

Insider Buying and Selling

In related news, Director Joanna Rees sold 3,961 shares of the 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 can be accessed through the SEC website. In other 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 sale, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $9,895,392.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was 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. In the last ninety days, insiders sold 15,261 shares of company stock valued at $26,291,370. Company insiders own 3.54% of the company’s stock.

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.