Kentucky Retirement Systems Insurance Trust Fund Sells 60 Shares of Fair Isaac Co. (NYSE:FICO)

Kentucky Retirement Systems Insurance Trust Fund cut its position in Fair Isaac Co. (NYSE:FICO) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 820 shares of the technology company’s stock after selling 60 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Fair Isaac were worth $1,025,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. HB Wealth Management LLC bought a new stake in shares of Fair Isaac in the fourth quarter worth $211,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Fair Isaac by 72.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,445 shares of the technology company’s stock valued at $6,338,000 after buying an additional 2,280 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Fair Isaac by 125.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 4,164 shares of the technology company’s stock valued at $4,847,000 after buying an additional 2,320 shares during the period. McGlone Suttner Wealth Management Inc. bought a new position in shares of Fair Isaac during the fourth quarter worth about $35,000. Finally, Blue Trust Inc. lifted its stake in shares of Fair Isaac by 161.5% in the fourth quarter. Blue Trust Inc. now owns 238 shares of the technology company’s stock worth $277,000 after acquiring an additional 147 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on FICO. Needham & Company LLC reissued a “buy” rating and set a $1,500.00 target price on shares of Fair Isaac in a research report on Tuesday, June 11th. Raymond James lifted their target price on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Wolfe Research started coverage on shares of Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target on the stock. Finally, Redburn Atlantic initiated coverage on Fair Isaac in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,319.40.

Insider Activity

In related news, Director Joanna Rees sold 500 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $1,350.00, for a total value of $675,000.00. Following the sale, the director now owns 20,618 shares in the company, valued at approximately $27,834,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Fair Isaac news, Director Joanna Rees sold 500 shares of Fair Isaac stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $1,350.00, for a total transaction of $675,000.00. Following the transaction, the director now directly owns 20,618 shares of the company’s stock, valued at approximately $27,834,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richard Deal sold 13,591 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the completion of the sale, the executive vice president now owns 49,314 shares of the company’s stock, valued at approximately $67,772,230.20. The disclosure for this sale can be found here. Insiders sold 16,014 shares of company stock worth $21,888,518 over the last three months. 3.54% of the stock is currently owned by insiders.

Fair Isaac Stock Performance

Shares of NYSE FICO traded up $1.51 during midday trading on Monday, hitting $1,607.45. 76,591 shares of the stock traded hands, compared to its average volume of 178,898. Fair Isaac Co. has a one year low of $810.26 and a one year high of $1,658.03. The business has a 50 day moving average price of $1,456.92 and a two-hundred day moving average price of $1,321.84. The company has a market cap of $39.72 billion, a PE ratio of 84.30, a P/E/G ratio of 4.33 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Thursday, April 25th. The technology company reported $5.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.89 by $0.20. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.28%. The business had revenue of $433.81 million during the quarter, compared to the consensus estimate of $425.94 million. As a group, equities research analysts forecast that Fair Isaac Co. will post 19.73 EPS for the current fiscal year.

About Fair Isaac

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.