Fair Isaac Co. (NYSE:FICO) Stock Holdings Decreased 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 SEC. The fund owned 771 shares of the technology company’s stock after selling 1,629 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Fair Isaac were worth $1,148,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in Fair Isaac by 4.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,627 shares of the technology company’s stock valued at $1,894,000 after acquiring an additional 71 shares during the period. Wells Fargo & Company MN grew its holdings 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. D.A. Davidson & CO. grew its position in shares of 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 buying an additional 122 shares during the period. Corient Private Wealth LLC increased its stake in Fair Isaac by 150.2% in the fourth quarter. Corient Private Wealth LLC now owns 13,324 shares of the technology company’s stock valued at $15,509,000 after purchasing an additional 7,998 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Fair Isaac by 119.6% during the 4th quarter. Assetmark Inc. now owns 112 shares of the technology company’s stock valued at $130,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Insiders Place Their Bets

In related news, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were 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 in the company, valued at approximately $22,065,174.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director James Kirsner sold 3,000 shares of the stock in a transaction on 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 sale, the director now directly owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark R. Scadina sold 3,500 shares of the stock in a transaction 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 transaction, the executive vice president now owns 19,919 shares of the company’s stock, valued at approximately $34,144,751.42. 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 in the last 90 days. 3.54% of the stock is owned by insiders.

Fair Isaac Trading Up 1.5 %

Shares of FICO opened at $1,929.21 on Friday. The company has a market cap of $47.67 billion, a P/E ratio of 101.27, a P/E/G ratio of 4.41 and a beta of 1.34. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month high of $1,946.80. The company’s fifty day simple moving average is $1,701.13 and its 200-day simple moving average is $1,446.74.

Fair Isaac (NYSE:FICO) last released its 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 predict that Fair Isaac Co. will post 19.19 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has approved a share repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have commented on FICO shares. Wolfe Research started coverage on Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price on the stock. Royal Bank of Canada increased their price target on 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. Barclays upped 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 research report on Friday, September 13th. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, Oppenheimer began coverage on Fair Isaac in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 target price on the stock. One research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.