iA Global Asset Management Inc. Has $1.15 Million Position in Fair Isaac Co. (NYSE:FICO)

iA Global Asset Management Inc. lowered its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 35.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 922 shares of the technology company’s stock after selling 517 shares during the period. iA Global Asset Management Inc.’s holdings in Fair Isaac were worth $1,152,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FICO. International Assets Investment Management LLC boosted its stake in shares of Fair Isaac by 112,366.2% in the 4th quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock valued at $464,737,000 after purchasing an additional 398,900 shares in the last quarter. Norges Bank acquired a new stake in shares of Fair Isaac in the 4th quarter valued at $259,509,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Fair Isaac by 25.4% in 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 last quarter. Principal Financial Group Inc. lifted its position in Fair Isaac by 30.2% during the 1st quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock worth $445,660,000 after buying an additional 82,699 shares in the last quarter. Finally, Putnam Investments LLC grew its holdings in Fair Isaac by 111.3% during the 4th quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock worth $177,975,000 after acquiring an additional 80,530 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FICO. Redburn Atlantic began coverage on Fair Isaac in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price objective for the company. Needham & Company LLC lifted their price objective on Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird lifted their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research report on Thursday. Raymond James boosted their target price 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. Finally, Royal Bank of Canada boosted their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” 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 given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,399.45.

Insider Buying and Selling at Fair Isaac

In related news, Director Joanna Rees sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $1,400.00, for a total transaction of $700,000.00. Following the completion of the sale, the director now owns 20,118 shares of the company’s stock, valued at $28,165,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Joanna Rees sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $1,400.00, for a total value of $700,000.00. Following the transaction, the director now owns 20,118 shares in the company, valued at $28,165,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark R. Scadina sold 423 shares of Fair Isaac stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total value of $580,406.76. Following the sale, the executive vice president now owns 32,229 shares in the company, valued at $44,222,055.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,014 shares of company stock worth $21,888,518. 3.54% of the stock is currently owned by insiders.

Fair Isaac Stock Down 1.4 %

Shares of FICO traded down $22.00 during trading hours on Thursday, hitting $1,578.00. 261,743 shares of the company were exchanged, compared to its average volume of 180,897. The company has a market cap of $38.99 billion, a price-to-earnings ratio of 82.74, a P/E/G ratio of 4.28 and a beta of 1.34. Fair Isaac Co. has a fifty-two week low of $810.26 and a fifty-two week high of $1,668.63. The firm’s fifty day moving average is $1,468.62 and its 200 day moving average is $1,328.86.

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

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.