Amalgamated Bank Trims Holdings in Fair Isaac Co. (NYSE:FICO)

Amalgamated Bank trimmed its position in Fair Isaac Co. (NYSE:FICO) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,228 shares of the technology company’s stock after selling 197 shares during the period. Amalgamated Bank’s holdings in Fair Isaac were worth $7,783,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FICO. EntryPoint Capital LLC purchased a new position in Fair Isaac in the 1st quarter valued at about $25,000. Advisors Asset Management Inc. purchased a new position in Fair Isaac in the 1st quarter valued at about $26,000. Tortoise Investment Management LLC lifted its holdings in shares of Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after acquiring an additional 9 shares during the period. OFI Invest Asset Management purchased a new position in shares of Fair Isaac during the 1st quarter worth about $31,000. Finally, Family Firm Inc. purchased a new position in shares of Fair Isaac during the 2nd quarter worth about $34,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of the 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 value of $3,123,000.00. Following the completion of the sale, the chief financial officer now owns 575 shares of the company’s stock, valued at $997,625. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director James Kirsner sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were 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 owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was 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 of the company’s stock, valued at approximately $997,625. 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 90 days. 3.54% of the stock is owned by corporate insiders.

Fair Isaac Stock Performance

NYSE FICO opened at $1,929.21 on Friday. Fair Isaac Co. has a one year low of $811.99 and a one year high of $1,946.80. The company’s 50 day moving average price is $1,701.13 and its 200 day moving average price is $1,446.74. The firm has a market capitalization of $47.67 billion, a price-to-earnings ratio of 101.27, a PEG ratio of 4.41 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last issued 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). Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. The firm had revenue of $447.85 million during the quarter, compared to analyst estimates of $448.53 million. Sell-side analysts forecast that Fair Isaac Co. will post 19.19 EPS for the current fiscal year.

Fair Isaac announced that its board has authorized a share repurchase program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to buy up to 2.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FICO. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. Royal Bank of Canada increased their price objective on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Robert W. Baird increased their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Barclays increased their price objective 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. Finally, Oppenheimer assumed coverage on shares of Fair Isaac in a report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Fair Isaac currently has a consensus 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.