Kentucky Retirement Systems Trims Holdings in Fair Isaac Co. (NYSE:FICO)

Kentucky Retirement Systems lowered its stake in shares of Fair Isaac Co. (NYSE:FICO) by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,708 shares of the technology company’s stock after selling 154 shares during the quarter. Kentucky Retirement Systems’ holdings in Fair Isaac were worth $3,320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. EntryPoint Capital LLC acquired a new position in Fair Isaac during the 1st quarter worth $25,000. Capital Performance Advisors LLP bought a new position in shares of Fair Isaac during the third quarter worth about $25,000. Advisors Asset Management Inc. bought a new stake in Fair Isaac in the first quarter valued at about $26,000. Tortoise Investment Management LLC increased its holdings in Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 9 shares during the last quarter. Finally, Family Firm Inc. acquired a new stake in Fair Isaac during the second quarter valued at approximately $34,000. Institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling

In related news, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the transaction, the director now owns 92 shares in the company, valued at $215,146.60. This represents a 73.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of the sale, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at approximately $13,489,133.49. This represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,890 shares of company stock valued at $13,780,452 in the last three months. 3.54% of the stock is currently owned by corporate insiders.

Fair Isaac Trading Down 2.7 %

NYSE FICO opened at $2,261.00 on Friday. The company has a 50-day moving average price of $2,007.25 and a two-hundred day moving average price of $1,685.50. Fair Isaac Co. has a 52 week low of $1,021.06 and a 52 week high of $2,402.51. The stock has a market cap of $55.06 billion, a price-to-earnings ratio of 110.56, a price-to-earnings-growth ratio of 4.50 and a beta of 1.35.

Fair Isaac announced that its board has approved a share buyback program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase programs are generally 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 research analyst reports. UBS Group initiated coverage on Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target for the company. Needham & Company LLC increased their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays boosted their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their target price on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,964.92.

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.