Fair Isaac Co. (NYSE:FICO) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise reduced its position in Fair Isaac Co. (NYSE:FICO) by 65.0% in the 2nd quarter, Holdings Channel reports. The firm owned 548 shares of the technology company’s stock after selling 1,017 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Fair Isaac were worth $816,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Lafayette Investments Inc. acquired a new position in Fair Isaac in the 2nd quarter valued at $220,000. Concurrent Investment Advisors LLC acquired a new position in Fair Isaac in the 2nd quarter valued at $470,000. Hantz Financial Services Inc. acquired a new position in Fair Isaac in the 2nd quarter valued at $2,933,000. Heritage Family Offices LLP acquired a new position in Fair Isaac in the 2nd quarter valued at $374,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Fair Isaac by 14.8% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,785 shares of the technology company’s stock worth $4,146,000 after acquiring an additional 360 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Trading Up 1.0 %

Shares of NYSE:FICO opened at $1,730.27 on Monday. The business has a 50-day moving average price of $1,623.63 and a 200 day moving average price of $1,399.68. 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 capitalization of $42.43 billion, a price-to-earnings ratio of 90.83, a PEG ratio of 5.57 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, July 31st. The technology company reported $4.99 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $447.85 million for the quarter, compared to analysts’ expectations of $448.53 million. As a group, equities research analysts predict that Fair Isaac Co. will post 19.33 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wolfe Research assumed coverage on Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price for the company. Robert W. Baird raised their target price on 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. Wells Fargo & Company raised Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Needham & Company LLC raised their target price on 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. Finally, Royal Bank of Canada raised their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,515.82.

Insider Activity at Fair Isaac

In related news, EVP Richard Deal sold 13,591 shares of the firm’s stock in a transaction dated 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 completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, 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 value of $3,123,000.00. Following the completion of the transaction, the chief financial officer now owns 575 shares in the company, valued at approximately $997,625. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Deal sold 13,591 shares of Fair Isaac 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 transaction, 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 24,891 shares of company stock worth $38,037,731 in the last three months. 3.54% of the stock is owned by company insiders.

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.