Sompo Asset Management Co. Ltd. Sells 100 Shares of Fair Isaac Co. (NYSE:FICO)

Sompo Asset Management Co. Ltd. decreased its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 14.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 600 shares of the technology company’s stock after selling 100 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Fair Isaac were worth $893,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Fair Isaac by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after purchasing an additional 174,397 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Fair Isaac by 30.2% in the 1st quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock worth $445,660,000 after acquiring an additional 82,699 shares during the last quarter. Putnam Investments LLC lifted its position in Fair Isaac by 111.3% in the 4th quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock valued at $177,975,000 after acquiring an additional 80,530 shares in the last quarter. Westwind Capital boosted its stake in Fair Isaac by 891.8% during the 2nd quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock valued at $10,382,000 after purchasing an additional 62,710 shares during the last quarter. Finally, Spear Holdings RSC Ltd bought a new stake in Fair Isaac during the 1st quarter worth approximately $69,478,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analyst Ratings Changes

FICO has been the subject of several analyst reports. Needham & Company LLC increased their price objective on Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Wolfe Research began coverage on Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target for the company. Oppenheimer started 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. Barclays upped 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 research note on Friday, September 13th. Finally, Robert W. Baird raised their price target on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” 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 given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average price target of $1,582.58.

Fair Isaac Stock Performance

Shares of FICO opened at $1,934.63 on Friday. The firm has a market cap of $47.81 billion, a P/E ratio of 101.56, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34. Fair Isaac Co. has a fifty-two week low of $811.99 and a fifty-two week high of $1,951.40. The business has a 50-day moving average of $1,715.29 and a 200 day moving average of $1,454.48.

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

Fair Isaac announced that its board has authorized a stock repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding 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 often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Fair Isaac

In other Fair Isaac news, 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 transaction of $5,999,630.00. Following the sale, the executive vice president now owns 19,919 shares in the company, valued at $34,144,751.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Thomas A. Bowers sold 3,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 5,769 shares of the company’s stock, valued at approximately $9,895,392.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark R. Scadina sold 3,500 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the completion of the transaction, the executive vice president now directly owns 19,919 shares in the company, valued at approximately $34,144,751.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,261 shares of company stock worth $26,291,370. Corporate 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.