Mn Services Vermogensbeheer B.V. Reduces Stock Position in Fair Isaac Co. (NYSE:FICO)

Mn Services Vermogensbeheer B.V. trimmed its position in Fair Isaac Co. (NYSE:FICO) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,800 shares of the technology company’s stock after selling 300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Fair Isaac were worth $14,589,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new position in Fair Isaac during the first quarter valued at $25,000. Advisors Asset Management Inc. acquired a new stake in Fair Isaac during the 1st quarter worth about $26,000. Family Firm Inc. purchased a new position in shares of Fair Isaac during the 2nd quarter valued at about $34,000. OFI Invest Asset Management acquired a new position in shares of Fair Isaac in the 1st quarter valued at about $31,000. Finally, DSM Capital Partners LLC purchased a new stake in shares of Fair Isaac in the fourth quarter worth about $37,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fair Isaac

In other news, EVP Richard Deal sold 13,591 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the transaction, the executive vice president now directly owns 49,314 shares in the company, valued at approximately $67,772,230.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Richard Deal sold 13,591 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total value 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 $67,772,230.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven P. Weber sold 1,800 shares of Fair Isaac stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the transaction, 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. In the last quarter, insiders sold 24,891 shares of company stock worth $38,037,731. Insiders own 3.54% of the company’s stock.

Fair Isaac Stock Performance

Shares of FICO traded up $8.22 during trading hours on Friday, hitting $1,745.38. 72,889 shares of the stock were exchanged, compared to its average volume of 178,505. The stock’s 50-day moving average price is $1,593.96 and its two-hundred day moving average price is $1,384.31. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,818.02. The company has a market cap of $43.13 billion, a price-to-earnings ratio of 91.62, a price-to-earnings-growth ratio of 4.26 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The business had revenue of $447.85 million for 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%. On average, research analysts expect that Fair Isaac Co. will post 19.73 earnings per share for the current year.

Fair Isaac declared that its Board of Directors has authorized a stock repurchase program on Tuesday, July 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FICO shares. Royal Bank of Canada lifted their target price on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. Robert W. Baird lifted their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Needham & Company LLC increased 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 report on Tuesday, August 13th. Finally, Wolfe Research assumed coverage on Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,515.82.

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.