Toronto Dominion Bank Sells 6,874 Shares of Fair Isaac Co. (NYSE:FICO)

Toronto Dominion Bank reduced its position in shares of Fair Isaac Co. (NYSE:FICO) by 45.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,360 shares of the technology company’s stock after selling 6,874 shares during the quarter. Toronto Dominion Bank’s holdings in Fair Isaac were worth $12,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Insigneo Advisory Services LLC grew its holdings in Fair Isaac by 39.4% during the 2nd quarter. Insigneo Advisory Services LLC now owns 407 shares of the technology company’s stock worth $644,000 after acquiring an additional 115 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Fair Isaac by 60.5% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,760 shares of the technology company’s stock worth $7,086,000 after purchasing an additional 1,795 shares during the period. Gateway Advisory LLC increased its holdings in Fair Isaac by 6.4% in the second quarter. Gateway Advisory LLC now owns 498 shares of the technology company’s stock valued at $741,000 after purchasing an additional 30 shares during the last quarter. Morse Asset Management Inc acquired a new position in Fair Isaac in the second quarter valued at about $592,000. Finally, Bank of Montreal Can boosted its holdings in Fair Isaac by 3.0% during the second quarter. Bank of Montreal Can now owns 23,872 shares of the technology company’s stock worth $36,017,000 after buying an additional 697 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FICO. Needham & Company LLC upped their price target on 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. Robert W. Baird increased their target price on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Wells Fargo & Company raised shares of Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Barclays upped their price objective on shares of 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. Finally, Royal Bank of Canada lifted their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,582.58.

Fair Isaac Trading Down 0.2 %

Shares of FICO opened at $1,919.08 on Friday. Fair Isaac Co. has a 12 month low of $811.99 and a 12 month high of $1,962.83. The firm has a fifty day simple moving average of $1,748.03 and a 200 day simple moving average of $1,476.31. The stock has a market capitalization of $47.42 billion, a price-to-earnings ratio of 100.74, a PEG ratio of 4.69 and a beta of 1.34.

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 the consensus estimate 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 company had revenue of $447.85 million during the quarter, compared to the consensus estimate of $448.53 million. As a group, research analysts predict that Fair Isaac Co. will post 19.19 earnings per share for the current fiscal year.

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

Insider Activity

In related news, Director Joanna Rees sold 3,961 shares of the business’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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director James Kirsner sold 3,000 shares of the business’s 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 transaction, the director now directly owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,261 shares of company stock valued at $26,291,370. 3.54% of the stock is owned by insiders.

Fair Isaac 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.