Fair Isaac Co. (NYSE:FICO) Stock Position Lowered by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its stake in Fair Isaac Co. (NYSE:FICO) by 7.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,085 shares of the technology company’s stock after selling 177 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Fair Isaac were worth $2,605,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cetera Advisors LLC grew its holdings in shares of Fair Isaac by 159.0% during the first quarter. Cetera Advisors LLC now owns 3,919 shares of the technology company’s stock valued at $4,898,000 after buying an additional 2,406 shares in the last quarter. Atria Investments Inc grew its stake in Fair Isaac by 8.7% in the first quarter. Atria Investments Inc now owns 5,547 shares of the technology company’s stock valued at $6,932,000 after purchasing an additional 445 shares in the last quarter. Swedbank AB purchased a new position in Fair Isaac in the first quarter valued at about $10,962,000. LRI Investments LLC purchased a new position in Fair Isaac in the first quarter valued at about $224,000. Finally, Motley Fool Asset Management LLC grew its stake in Fair Isaac by 9.2% in the first quarter. Motley Fool Asset Management LLC now owns 524 shares of the technology company’s stock valued at $655,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FICO. Redburn Atlantic began coverage on Fair Isaac in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 target price on the stock. Royal Bank of Canada boosted 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 note on Thursday. Raymond James boosted their price target on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Robert W. Baird boosted their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Needham & Company LLC boosted 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,399.45.

Fair Isaac Stock Up 1.4 %

NYSE:FICO traded up $21.43 during trading hours on Friday, hitting $1,600.38. 144,730 shares of the stock were exchanged, compared to its average volume of 175,411. The company’s 50 day moving average is $1,477.43 and its two-hundred day moving average is $1,333.92. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month high of $1,668.63. The company has a market capitalization of $39.24 billion, a P/E ratio of 84.01, a price-to-earnings-growth ratio of 4.26 and a beta of 1.34.

Fair Isaac declared that its board has initiated a share buyback program on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other news, EVP Richard Deal sold 13,591 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the transaction, the executive vice president now owns 49,314 shares of the company’s stock, valued at approximately $67,772,230.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Joanna Rees sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $1,255.00, for a total transaction of $1,255,000.00. Following the sale, the director now owns 21,118 shares of the company’s stock, valued at approximately $26,503,090. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Deal sold 13,591 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the sale, the executive vice president now directly owns 49,314 shares in the company, valued at approximately $67,772,230.20. The disclosure for this sale can be found here. Insiders have sold a total of 16,014 shares of company stock valued at $21,888,518 in the last 90 days. 3.54% of the stock is owned by company insiders.

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.