Fair Isaac Co. (NYSE:FICO) Shares Sold by Invesco LLC

Invesco LLC reduced its stake in shares of Fair Isaac Co. (NYSE:FICO) by 9.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,235 shares of the technology company’s stock after selling 124 shares during the quarter. Fair Isaac comprises 1.0% of Invesco LLC’s portfolio, making the stock its 28th biggest holding. Invesco LLC’s holdings in Fair Isaac were worth $2,400,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Swedbank AB grew its position in shares of Fair Isaac by 11.5% in the third quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after purchasing an additional 1,013 shares during the last quarter. Commerce Bank grew its position in shares of Fair Isaac by 704.8% in the first quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock valued at $7,603,000 after purchasing an additional 5,328 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Fair Isaac by 44.5% in the first quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock valued at $36,883,000 after purchasing an additional 9,094 shares during the last quarter. Vanguard Group Inc. grew its position 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 valued at $3,568,605,000 after purchasing an additional 35,263 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Fair Isaac by 25.4% during the first 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 during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Robert W. Baird upped 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. Oppenheimer upped their price objective on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Royal Bank of Canada upped 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. Finally, UBS Group assumed coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective on the stock. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,787.08.

Insider Activity

In related news, Director Joanna Rees sold 3,961 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was 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 owns 5,769 shares of the company’s stock, valued at $9,895,392.63. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joanna Rees sold 3,961 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was 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. Over the last quarter, insiders sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is currently owned by corporate insiders.

Fair Isaac Stock Down 0.2 %

Shares of NYSE FICO traded down $4.20 on Friday, hitting $1,988.91. The company had a trading volume of 128,344 shares, compared to its average volume of 170,035. Fair Isaac Co. has a 12-month low of $879.69 and a 12-month high of $2,103.70. The firm has a market capitalization of $48.77 billion, a P/E ratio of 104.57, a PEG ratio of 3.71 and a beta of 1.35. The business has a 50 day moving average of $1,907.66 and a two-hundred day moving average of $1,607.72.

Fair Isaac (NYSE:FICO) last posted its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (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 company had revenue of $447.85 million during the quarter, compared to analyst estimates of $448.53 million. On average, sell-side analysts anticipate that Fair Isaac Co. will post 19.33 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has initiated a stock repurchase program 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 shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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.