Fair Isaac Corporation (NYSE:FICO) Shares Sold by ING Groep NV

Key Points

• ING Groep NV significantly reduced its stake in Fair Isaac Corporation by 91.3%, selling 3,344 shares and holding only 318 shares valued at $586,000.
• Fair Isaac's CEO and CFO both sold shares recently, with CEO William J. Lansing selling over $10.6 million worth, indicating a 12.48% decrease in his position.
• Fair Isaac reported strong quarterly earnings with $8.57 earnings per share, surpassing estimates and reflecting a 19.8% increase in revenue year-over-year.

ING Groep NV trimmed its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 91.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 318 shares of the technology company's stock after selling 3,344 shares during the period. ING Groep NV's holdings in Fair Isaac were worth $586,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Pinnacle Holdings LLC purchased a new stake in shares of Fair Isaac during the fourth quarter worth approximately $26,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Fair Isaac during the first quarter worth approximately $30,000. Meeder Asset Management Inc. boosted its holdings in Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after purchasing an additional 5 shares in the last quarter. Colonial Trust Co SC boosted its holdings in Fair Isaac by 71.4% in the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after purchasing an additional 10 shares in the last quarter. Finally, Mechanics Financial Corp acquired a new position in Fair Isaac in the first quarter valued at approximately $46,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at $74,492,399.16. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction on 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 completion of the transaction, the chief financial officer owned 1,862 shares in the company, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,032 shares of company stock worth $35,172,583. 3.46% of the stock is currently owned by insiders.

Fair Isaac Price Performance

Shares of FICO stock traded down $14.34 during trading hours on Friday, hitting $1,319.28. The stock had a trading volume of 308,597 shares, compared to its average volume of 371,043. The stock's 50 day moving average is $1,658.17 and its 200 day moving average is $1,792.59. Fair Isaac Corporation has a twelve month low of $1,313.69 and a twelve month high of $2,402.51. The firm has a market capitalization of $31.66 billion, a PE ratio of 51.59, a PEG ratio of 2.60 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The firm had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same period last year, the firm posted $6.25 EPS. Fair Isaac's quarterly revenue was up 19.8% on a year-over-year basis. As a group, equities analysts predict 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 plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FICO. Raymond James Financial lowered their price target on Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. BMO Capital Markets raised Fair Isaac to a "strong-buy" rating in a report on Thursday, July 10th. Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and lowered their price target for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Finally, Needham & Company LLC lowered their price target on 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. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Fair Isaac currently has an average rating of "Buy" and an average price target of $2,163.14.

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.