Fjarde AP Fonden Fourth Swedish National Pension Fund Has $12.34 Million Stock Position in Fair Isaac Corporation $FICO

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Fair Isaac Corporation (NYSE:FICO) by 21.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 6,750 shares of the technology company’s stock after purchasing an additional 1,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Fair Isaac were worth $12,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Teacher Retirement System of Texas grew its position in shares of Fair Isaac by 4.2% in the second quarter. Teacher Retirement System of Texas now owns 3,710 shares of the technology company’s stock valued at $6,782,000 after purchasing an additional 148 shares during the last quarter. Transcend Capital Advisors LLC acquired a new position in shares of Fair Isaac during the 2nd quarter worth about $525,000. Solstein Capital LLC lifted its position in shares of Fair Isaac by 277.8% during the 2nd quarter. Solstein Capital LLC now owns 68 shares of the technology company’s stock worth $124,000 after purchasing an additional 50 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Fair Isaac by 20.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 47,729 shares of the technology company’s stock worth $87,247,000 after purchasing an additional 8,199 shares during the last quarter. Finally, Resonant Capital Advisors LLC lifted its position in shares of Fair Isaac by 6.0% during the 2nd quarter. Resonant Capital Advisors LLC now owns 338 shares of the technology company’s stock worth $618,000 after purchasing an additional 19 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Stock Down 0.9%

NYSE:FICO opened at $1,669.41 on Wednesday. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51. The firm has a market capitalization of $40.07 billion, a PE ratio of 65.29, a price-to-earnings-growth ratio of 1.75 and a beta of 1.35. The firm has a 50-day moving average price of $1,573.73 and a 200 day moving average price of $1,682.93.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $520.40 million. During the same period in the prior year, the firm posted $6.25 EPS. Fair Isaac’s quarterly revenue was up 19.8% compared to the same quarter last year. On average, research analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 18,032 shares of company stock worth $28,094,085 in the last three months. Corporate insiders own 3.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group upped their price target on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Needham & Company LLC reiterated a “buy” rating and set a $1,950.00 target price on shares of Fair Isaac in a research note on Thursday, October 2nd. Raymond James Financial cut their target price on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Barclays upped their target price on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Fair Isaac in a research report on Thursday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,137.43.

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.