Toronto Dominion Bank Acquires 3,965 Shares of Fair Isaac Co. (NYSE:FICO)

Toronto Dominion Bank grew its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 43.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,078 shares of the technology company's stock after acquiring an additional 3,965 shares during the period. Toronto Dominion Bank owned about 0.05% of Fair Isaac worth $26,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Rakuten Securities Inc. raised its stake in Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after purchasing an additional 8 shares during the period. Pinnacle Holdings LLC bought a new stake in shares of Fair Isaac during the fourth quarter valued at approximately $26,000. Berbice Capital Management LLC purchased a new position in shares of Fair Isaac in the fourth quarter worth $40,000. Avalon Trust Co purchased a new position in shares of Fair Isaac in the fourth quarter worth $40,000. Finally, OFI Invest Asset Management bought a new position in shares of Fair Isaac during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Insider Activity

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 shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of 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 legal filing with the SEC, which is accessible through this link. Also, CEO William J. Lansing sold 4,092 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $72,801,401.22. This trade represents a 8.85% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,933 shares of company stock valued at $35,250,629. 3.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FICO has been the topic of several research reports. UBS Group reduced their target price on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Wells Fargo & Company reduced their price objective on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Oppenheimer upped their price objective on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Robert W. Baird raised their target price on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $2,500.00 price target (up previously from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $2,299.31.

Fair Isaac Price Performance

Shares of NYSE:FICO traded down $3.14 during trading hours on Thursday, hitting $1,704.80. 608,824 shares of the company's stock traded hands, compared to its average volume of 180,404. The business has a fifty day moving average price of $1,928.18 and a 200-day moving average price of $1,985.29. Fair Isaac Co. has a 1 year low of $1,266.72 and a 1 year high of $2,402.52. The firm has a market capitalization of $41.50 billion, a P/E ratio of 78.24, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The company had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. During the same quarter in the previous year, the business earned $6.14 EPS. Fair Isaac's revenue was up 15.0% compared to the same quarter last year. As a group, equities analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Fair Isaac Company 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.