Mn Services Vermogensbeheer B.V. Sells 300 Shares of Fair Isaac Co. (NYSE:FICO)

Mn Services Vermogensbeheer B.V. lowered its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,800 shares of the technology company’s stock after selling 300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Fair Isaac were worth $14,589,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EntryPoint Capital LLC bought a new stake in shares of Fair Isaac in the 1st quarter worth approximately $25,000. Advisors Asset Management Inc. bought a new stake in Fair Isaac in the first quarter worth $26,000. OFI Invest Asset Management purchased a new stake in shares of Fair Isaac in the first quarter worth $31,000. Family Firm Inc. purchased a new position in shares of Fair Isaac in the 2nd quarter worth about $34,000. Finally, DSM Capital Partners LLC bought a new position in Fair Isaac in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FICO. Needham & Company LLC upped their target price on shares of 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. Wells Fargo & Company upgraded Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Royal Bank of Canada upped their price objective on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. Wolfe Research initiated coverage on Fair Isaac in a research note on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target for the company. Finally, Robert W. Baird upped 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 analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,515.82.

Fair Isaac Trading Up 0.5 %

Fair Isaac stock traded up $8.22 during mid-day trading on Friday, hitting $1,745.38. The stock had a trading volume of 72,889 shares, compared to its average volume of 178,505. The firm’s 50 day moving average is $1,593.96 and its 200 day moving average is $1,384.31. The firm has a market capitalization of $43.13 billion, a P/E ratio of 91.62, a P/E/G ratio of 4.26 and a beta of 1.34. Fair Isaac Co. has a one year low of $811.99 and a one year high of $1,818.02.

Fair Isaac (NYSE:FICO) last released 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). The business had revenue of $447.85 million during the quarter, compared to the consensus estimate 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, equities research analysts forecast that Fair Isaac Co. will post 19.73 earnings per share for the current year.

Fair Isaac announced that its board has initiated a share buyback plan on Tuesday, July 30th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Fair Isaac

In related news, CFO Steven P. Weber sold 1,800 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the completion of the transaction, the chief financial officer now owns 575 shares in the company, valued at $997,625. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of Fair Isaac 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 value 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 filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven P. Weber sold 1,800 shares of the company’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 value of $3,123,000.00. Following the sale, the chief financial officer now directly owns 575 shares in the company, valued at $997,625. The disclosure for this sale can be found here. Insiders sold a total of 24,891 shares of company stock valued at $38,037,731 in the last three months. 3.54% of the stock is currently owned by corporate insiders.

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.