Public Employees Retirement Association of Colorado Sells 74 Shares of Fair Isaac Co. (NYSE:FICO)

Public Employees Retirement Association of Colorado trimmed its holdings in Fair Isaac Co. (NYSE:FICO) by 0.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,823 shares of the technology company’s stock after selling 74 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.09% of Fair Isaac worth $33,976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FICO. Price T Rowe Associates Inc. MD boosted its stake in Fair Isaac by 25.4% in the 1st 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 during the period. Principal Financial Group Inc. boosted its position in shares of Fair Isaac by 30.2% during the 1st quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock valued at $445,660,000 after acquiring an additional 82,699 shares during the last quarter. Putnam Investments LLC boosted its position in shares of Fair Isaac by 111.3% during the 4th quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock valued at $177,975,000 after acquiring an additional 80,530 shares during the last quarter. Westwind Capital boosted its position in shares of Fair Isaac by 891.8% during the 2nd quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock valued at $10,382,000 after acquiring an additional 62,710 shares during the last quarter. Finally, Spear Holdings RSC Ltd bought a new position in shares of Fair Isaac during the 1st quarter valued at approximately $69,478,000. 85.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FICO has been the subject of a number of research reports. Wolfe Research initiated coverage on Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 target price for the company. Royal Bank of Canada increased their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. Barclays increased their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Needham & Company LLC raised their price target on 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. Finally, Oppenheimer started coverage on Fair Isaac in a research report on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and a consensus price target of $1,582.58.

Fair Isaac Stock Up 1.5 %

FICO stock opened at $1,929.21 on Friday. The business’s fifty day simple moving average is $1,701.13 and its two-hundred day simple moving average is $1,446.74. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month high of $1,946.80. The firm has a market cap of $47.67 billion, a price-to-earnings ratio of 101.27, a PEG ratio of 4.41 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 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 business had revenue of $447.85 million during the quarter, compared to analysts’ expectations of $448.53 million. Research analysts expect that Fair Isaac Co. will post 19.19 EPS for the current year.

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

Insider Activity

In other news, Director James Kirsner sold 3,000 shares of the firm’s 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 owns 13,002 shares in the company, valued at $22,065,174.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Fair Isaac news, EVP Mark R. Scadina sold 3,500 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the completion of the transaction, the executive vice president now directly owns 19,919 shares in the company, valued at $34,144,751.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $22,065,174.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,261 shares of company stock worth $26,291,370. Company insiders own 3.54% of the company’s stock.

Fair Isaac Company Profile

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.