Robeco Institutional Asset Management B.V. Decreases Stock Position in Fair Isaac Corporation (NYSE:FICO)

Robeco Institutional Asset Management B.V. trimmed its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 17.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,159 shares of the technology company's stock after selling 5,285 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.10% of Fair Isaac worth $44,553,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after acquiring an additional 302 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Fair Isaac during the 4th quarter valued at approximately $1,340,000. National Pension Service increased its holdings in Fair Isaac by 104.9% during the 4th quarter. National Pension Service now owns 79,248 shares of the technology company's stock worth $157,777,000 after purchasing an additional 40,574 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Fair Isaac during the 4th quarter worth approximately $223,000. Finally, Stegent Equity Advisors Inc. acquired a new position in shares of Fair Isaac in the 4th quarter valued at approximately $253,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Insider Transactions at Fair Isaac

In other news, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the sale, the executive vice president now owns 9,974 shares of the company's stock, valued at approximately $20,517,016.70. The trade was a 29.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $10,624,598.20. Following the transaction, the chief executive officer now owns 42,138 shares of the company's stock, valued at approximately $74,492,399.16. This represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,851 shares of company stock worth $40,543,770. Insiders own 3.46% of the company's stock.

Fair Isaac Trading Down 3.8%

NYSE:FICO opened at $1,821.02 on Friday. The stock has a 50 day moving average of $1,885.60 and a 200-day moving average of $1,889.64. The firm has a market capitalization of $44.32 billion, a PE ratio of 78.42, a price-to-earnings-growth ratio of 3.10 and a beta of 1.29. Fair Isaac Corporation has a 52 week low of $1,454.41 and a 52 week high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The firm had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. During the same period in the prior year, the business earned $6.14 EPS. The firm's revenue was up 15.0% on a year-over-year basis. As a group, analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its Board of Directors has approved a share repurchase plan on Thursday, June 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 2.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

FICO has been the subject of a number of recent analyst reports. Oppenheimer raised their price target on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Raymond James Financial reissued an "outperform" rating on shares of Fair Isaac in a report on Wednesday, May 21st. Needham & Company LLC reissued a "buy" rating and issued a $2,575.00 target price on shares of Fair Isaac in a research report on Friday, June 20th. Bank of America initiated coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price on the stock. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $2,500.00 price target (up from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Fair Isaac presently has an average rating of "Moderate Buy" and an average price target of $2,304.15.

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.

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