Amalgamated Bank Purchases 280 Shares of Fair Isaac Corporation $FICO

Amalgamated Bank increased its position in Fair Isaac Corporation (NYSE:FICO) by 5.2% in the second quarter, Holdings Channel.com reports. The fund owned 5,628 shares of the technology company’s stock after acquiring an additional 280 shares during the quarter. Amalgamated Bank’s holdings in Fair Isaac were worth $10,288,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FICO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Fair Isaac by 29.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock valued at $584,193,000 after acquiring an additional 72,518 shares during the period. Nuveen LLC bought a new position in shares of Fair Isaac in the first quarter valued at approximately $114,864,000. Vanguard Group Inc. boosted its position in shares of Fair Isaac by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company’s stock valued at $5,463,202,000 after acquiring an additional 58,740 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Fair Isaac during the second quarter valued at approximately $85,183,000. Finally, Congress Asset Management Co. lifted its position in Fair Isaac by 261.2% during the second quarter. Congress Asset Management Co. now owns 48,778 shares of the technology company’s stock valued at $89,164,000 after purchasing an additional 35,272 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Stock Up 1.3%

Shares of NYSE FICO opened at $1,587.48 on Friday. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The firm’s fifty day moving average is $1,582.40 and its 200 day moving average is $1,679.99. The company has a market cap of $38.11 billion, a price-to-earnings ratio of 62.08, a PEG ratio of 1.63 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping the consensus estimate 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 company had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. During the same period in the previous year, the firm earned $6.25 earnings per share. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. Equities research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the transaction, the chief executive officer directly owned 42,138 shares of the company’s stock, valued at $64,787,175. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 18,032 shares of company stock valued at $28,094,085 over the last quarter. 3.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Fair Isaac in a research report on Thursday, July 17th. Barclays lifted 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 report on Thursday, October 2nd. Wells Fargo & Company lifted their target price on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. UBS Group lifted their target price on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the company a “neutral” rating in a research report on Monday, September 15th. Finally, Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,137.43.

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.