Achmea Investment Management BV sells 9 shares of Fair Isaac Co. (NYSE:FICO)

Achmea Investment Management BV reduced its holdings in shares of Fair Isaac Co. (NYSE:FICO – Free Report) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,408 shares of the technology company’s stock after selling 9 shares during the period. Achmea Investment Management BV’s holdings in Fair Isaac were worth $2,096,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. EntryPoint Capital LLC bought a new position in Fair Isaac in the first quarter valued at about $25,000. Advisors Asset Management Inc. purchased a new stake in Fair Isaac in the 1st quarter valued at $26,000. Tortoise Investment Management LLC boosted its holdings in shares of Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares during the period. OFI Invest Asset Management purchased a new position in shares of Fair Isaac in the first quarter worth $31,000. Finally, Family Firm Inc. bought a new stake in shares of Fair Isaac in the second quarter valued at $34,000. Hedge funds and other institutional investors own 85.75% of the company’s shares.

Insider trading at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. In related news, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction dated 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 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 legal filing with the SEC, which is available on the SEC’s website. Also, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,261 shares of company stock valued at $26,291,370. 3.54% of shares are currently held by corporate insiders.

Analyst upgrades and downgrades

A number of research firms have weighed in on FICO. Wolfe Research initiated coverage on Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target on the stock. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Needham & Company LLC boosted their price target on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Oppenheimer began coverage on shares of Fair Isaac in a report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price target for the company. Finally, Barclays boosted their price objective on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,582.58, according to MarketBeat.com.

Check out our latest FICO analysis

Fair Isaac Stock 0.4%

Shares of Fair Isaac stock opened at $1,868.96 on Friday. The company has a market cap of $45.83 billion, a price-to-earnings ratio of 98.11, a PEG ratio of 4.41 and a beta of 1.34. The stock’s 50-day simple moving average is $1,680.22 and its 200-day simple moving average is $1,432.77. Fair Isaac Co. it has a 52-week low of $811.99 and a 52-week high of $1,886.23.

Fair Isaac (NYSE:FICO – Get Free Report ) last posted its earnings results 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 business had revenue of $447.85 million for the quarter, compared to the consensus estimate of $448.53 million. On average, equities analysts expect that Fair Isaac Co. to post 19.19 earnings per share for the current year.

Fair Isaac declared that its board has authorized a stock repurchase plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 2.6% of its shares through open market purchases. Stock buyback plans are often an indication that a company’s board of directors believes its stock is undervalued.

About Fair Isaac

(Free Report)

Fair Isaac Corporation develops analytics, software and digital decision technologies and services that enable companies to automate, improve and connect decisions in the Americas, Europe, Middle East, Africa and Asia Pacific. The company operates in two segments, Scores and Software. The Software segment offers preconfigured analytics and decision management solutions designed for various business needs or processes, such as account creation, customer management, customer engagement, fraud detection, financial crime compliance and marketing, and related professional services.

Further reading

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