Skandinaviska Enskilda Banken AB publ Reduces Stock Position in Fair Isaac Co. (NYSE:FICO)

Skandinaviska Enskilda Banken AB publ trimmed its holdings in Fair Isaac Co. (NYSE:FICO) by 70.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,932 shares of the technology company’s stock after selling 11,817 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Fair Isaac were worth $7,342,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Fair Isaac by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after acquiring an additional 35,263 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Fair Isaac by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after purchasing an additional 174,397 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Fair Isaac by 3.9% in the 2nd quarter. Principal Financial Group Inc. now owns 370,605 shares of the technology company’s stock worth $551,706,000 after purchasing an additional 13,966 shares during the period. American Century Companies Inc. grew its holdings in Fair Isaac by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock valued at $514,523,000 after buying an additional 21,768 shares in the last quarter. Finally, Capital International Investors increased its position in shares of Fair Isaac by 4.5% during the first quarter. Capital International Investors now owns 181,406 shares of the technology company’s stock valued at $226,687,000 after buying an additional 7,884 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Trading Up 0.3 %

Shares of NYSE FICO opened at $1,934.63 on Friday. The stock has a market cap of $47.81 billion, a price-to-earnings ratio of 101.56, a P/E/G ratio of 4.41 and a beta of 1.34. The stock’s 50-day moving average is $1,715.29 and its 200 day moving average is $1,455.81. Fair Isaac Co. has a 1-year low of $811.99 and a 1-year high of $1,951.40.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 earnings per share 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 business had revenue of $447.85 million during the quarter, compared to the consensus estimate of $448.53 million. On average, 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 buyback program on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. 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 target for the company. Robert W. Baird upped their price target 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. Wolfe Research began coverage on Fair Isaac in a research note on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price objective for the company. Finally, Royal Bank of Canada upped their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given 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 a consensus price target of $1,582.58.

Insider Buying and Selling at Fair Isaac

In other news, EVP Thomas A. Bowers sold 3,000 shares of Fair Isaac stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the transaction, the executive vice president now owns 5,769 shares in the company, valued at $9,895,392.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Thomas A. Bowers sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the transaction, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $9,895,392.63. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark R. Scadina sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the completion of the sale, 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 sold a total of 15,261 shares of company stock worth $26,291,370 over the last three months. Company insiders own 3.54% of the company’s stock.

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.