ASR Vermogensbeheer N.V. Takes Position in Fair Isaac Corporation (NYSE:FICO)

Key Points

• ASR Vermogensbeheer N.V. acquired a new stake in Fair Isaac Corporation (NYSE:FICO) worth approximately $1.95 million, buying 1,057 shares in the first quarter.
• The company's CFO and CEO sold shares recently, with the CFO selling 1,000 shares valued at nearly $1.74 million, indicating insider selling activity.
• Fair Isaac reported an earnings per share of $8.57 for the last quarter, exceeding analysts' expectations, while the company has a stock buyback plan of $1 billion approved by its board.

ASR Vermogensbeheer N.V. purchased a new stake in Fair Isaac Corporation (NYSE:FICO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,057 shares of the technology company's stock, valued at approximately $1,949,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new position in shares of Fair Isaac during the 1st quarter worth approximately $30,000. Meeder Asset Management Inc. grew its position in shares of Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after purchasing an additional 5 shares in the last quarter. Mechanics Financial Corp acquired a new position in shares of Fair Isaac during the 1st quarter worth approximately $46,000. Colonial Trust Co SC grew its position in shares of Fair Isaac by 71.4% during the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after purchasing an additional 10 shares in the last quarter. Finally, Hollencrest Capital Management grew its position in shares of Fair Isaac by 766.7% during the 1st quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock worth $48,000 after purchasing an additional 23 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $74,492,399.16. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven P. Weber sold 1,000 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the transaction, the chief financial officer owned 1,862 shares in the company, valued at $3,236,621.50. This represents a 34.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,021 shares of company stock worth $22,247,892 in the last 90 days. Corporate insiders own 3.46% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FICO. Wells Fargo & Company decreased their target price on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 9th. Needham & Company LLC cut their price target on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a report on Wednesday, July 16th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Barclays cut their price target on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. Finally, Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their target price for the stock from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $2,163.14.

Fair Isaac Stock Performance

NYSE:FICO traded up $8.76 during mid-day trading on Tuesday, reaching $1,320.02. The stock had a trading volume of 191,443 shares, compared to its average volume of 265,211. The firm has a 50 day moving average price of $1,649.36 and a two-hundred day moving average price of $1,788.07. The stock has a market capitalization of $31.68 billion, a P/E ratio of 51.62, a P/E/G ratio of 2.57 and a beta of 1.28. Fair Isaac Corporation has a one year low of $1,301.01 and a one year high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%. The business had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same period last year, the company earned $6.25 EPS. Fair Isaac's revenue for the quarter was up 19.8% compared to the same quarter last year. Research analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its board has approved a share repurchase program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is 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.