Royal London Asset Management Ltd. Buys 72 Shares of Fair Isaac Co. (NYSE:FICO)

Royal London Asset Management Ltd. raised its holdings in Fair Isaac Co. (NYSE:FICO) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,627 shares of the technology company’s stock after purchasing an additional 72 shares during the period. Royal London Asset Management Ltd.’s holdings in Fair Isaac were worth $14,331,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Fair Isaac by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after purchasing an additional 35,263 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Fair Isaac by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after purchasing an additional 174,397 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Fair Isaac by 3.9% in the second quarter. Principal Financial Group Inc. now owns 370,605 shares of the technology company’s stock worth $551,706,000 after purchasing an additional 13,966 shares in the last quarter. Franklin Resources Inc. grew its stake in Fair Isaac by 25.2% during the fourth quarter. Franklin Resources Inc. now owns 283,565 shares of the technology company’s stock valued at $330,072,000 after acquiring an additional 57,010 shares in the last quarter. Finally, Norges Bank purchased a new position in Fair Isaac during the fourth quarter valued at approximately $259,509,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Transactions at Fair Isaac

In other news, CFO Steven P. Weber sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the sale, the chief financial officer now directly owns 575 shares in the company, valued at approximately $997,625. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Steven P. Weber sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the sale, the chief financial officer now directly owns 575 shares in the company, valued at approximately $997,625. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction on 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 ninety days, insiders sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is currently owned by insiders.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $1,862.08 on Friday. Fair Isaac Co. has a 1 year low of $811.99 and a 1 year high of $1,863.44. The firm has a market cap of $46.01 billion, a PE ratio of 97.75, a PEG ratio of 4.16 and a beta of 1.34. The company has a 50 day simple moving average of $1,673.87 and a two-hundred day simple moving average of $1,428.74.

Fair Isaac (NYSE:FICO) last announced 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, research analysts anticipate that Fair Isaac Co. will post 19.25 earnings per share for the current year.

Fair Isaac announced that its board has approved a share buyback plan on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FICO shares. Needham & Company LLC boosted their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada boosted their price objective on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Robert W. Baird boosted 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 research note on Thursday, August 1st. Wells Fargo & Company raised shares of Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Oppenheimer started coverage on shares of Fair Isaac in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,553.42.

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.