TD Asset Management Inc Sells 3,045 Shares of Fair Isaac Co. (NYSE:FICO)

TD Asset Management Inc lessened its stake in Fair Isaac Co. (NYSE:FICO) by 5.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,797 shares of the technology company’s stock after selling 3,045 shares during the quarter. TD Asset Management Inc owned approximately 0.22% of Fair Isaac worth $81,574,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FICO. Commerce Bank grew its stake in Fair Isaac by 704.8% in the 1st quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock valued at $7,603,000 after buying an additional 5,328 shares in the last quarter. Seven Eight Capital LP grew its stake in Fair Isaac by 140.0% in the 4th quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock valued at $1,676,000 after buying an additional 840 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Fair Isaac by 44.5% in the 1st quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock valued at $36,883,000 after buying an additional 9,094 shares in the last quarter. Vanguard Group Inc. grew its stake in Fair Isaac by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after buying an additional 35,263 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew 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 valued at $1,076,268,000 after buying an additional 174,397 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Oppenheimer began coverage on shares of Fair Isaac in a research note on Tuesday. They issued an “outperform” rating and a $1,967.00 price objective for the company. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Robert W. Baird boosted their price target on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their price target on shares of 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. Finally, Barclays boosted their price target on shares of Fair Isaac from $1,500.00 to $1,800.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,553.42.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $1,732.69 on Friday. Fair Isaac Co. has a 52-week low of $811.99 and a 52-week high of $1,818.02. The firm has a fifty day moving average of $1,650.13 and a 200 day moving average of $1,413.52. The firm has a market capitalization of $42.82 billion, a PE ratio of 90.95, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $448.53 million. On average, sell-side analysts forecast that Fair Isaac Co. will post 19.33 EPS for the current fiscal year.

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

Insiders Place Their Bets

In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the completion of the sale, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $9,895,392.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Steven P. Weber sold 1,800 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the completion of the transaction, the chief financial officer now directly owns 575 shares of the company’s stock, valued at $997,625. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas A. Bowers sold 3,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the transaction, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $9,895,392.63. The disclosure for this sale can be found here. Insiders sold 24,891 shares of company stock valued at $38,037,731 over the last three months. Insiders own 3.54% of the company’s stock.

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.