Fair Isaac Co. (NYSE:FICO) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New lowered its position in shares of Fair Isaac Co. (NYSE:FICO) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 251 shares of the technology company’s stock after selling 8 shares during the quarter. Cigna Investments Inc. New’s holdings in Fair Isaac were worth $488,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Fair Isaac by 189,461.6% during the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock valued at $1,046,304,000 after acquiring an additional 538,071 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Fair Isaac by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after purchasing an additional 174,397 shares during the last quarter. AustralianSuper Pty Ltd raised its holdings in shares of Fair Isaac by 1,270.9% during the third quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock worth $142,413,000 after purchasing an additional 67,931 shares during the period. Westwind Capital lifted its position in shares of Fair Isaac by 891.8% in the 2nd quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock worth $10,382,000 after buying an additional 62,710 shares during the last quarter. Finally, Spear Holdings RSC Ltd acquired a new position in shares of Fair Isaac in the 1st quarter valued at about $69,478,000. Institutional investors own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FICO. Robert W. Baird increased their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Barclays raised their price target on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. UBS Group started coverage on Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective for the company. Wells Fargo & Company raised their target price on Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Finally, Needham & Company LLC upped their price target on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,787.08.

Fair Isaac Stock Down 0.2 %

FICO stock opened at $1,988.91 on Friday. The company has a 50-day simple moving average of $1,907.66 and a 200 day simple moving average of $1,607.72. The company has a market capitalization of $48.77 billion, a P/E ratio of 104.57, a PEG ratio of 3.71 and a beta of 1.35. Fair Isaac Co. has a fifty-two week low of $879.69 and a fifty-two week high of $2,103.70.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results 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 company had revenue of $447.85 million during the quarter, compared to analyst estimates of $448.53 million. Equities analysts anticipate that Fair Isaac Co. will post 19.33 EPS for the current year.

Fair Isaac announced that its Board of Directors has initiated a share repurchase program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the transaction, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Mark R. Scadina sold 3,500 shares of the 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 transaction of $5,999,630.00. Following the completion of the sale, the executive vice president now directly owns 19,919 shares of the company’s stock, valued at $34,144,751.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the completion of the transaction, the director now owns 13,002 shares in the company, valued at approximately $22,065,174.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,261 shares of company stock valued at $26,291,370 over the last quarter. Corporate insiders own 3.54% of the company’s stock.

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.