Illinois Municipal Retirement Fund Has $18.84 Million Holdings in Fair Isaac Co. (NYSE:FICO)

Illinois Municipal Retirement Fund lessened its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 23.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,653 shares of the technology company’s stock after selling 3,892 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.05% of Fair Isaac worth $18,836,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in Fair Isaac during the first quarter worth approximately $25,000. Tortoise Investment Management LLC increased its position in Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after buying an additional 9 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in Fair Isaac during the first quarter worth approximately $26,000. Family Firm Inc. acquired a new position in Fair Isaac during the second quarter worth approximately $34,000. Finally, OFI Invest Asset Management acquired a new position in Fair Isaac during the first quarter worth approximately $31,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FICO shares. Oppenheimer assumed coverage on Fair Isaac in a research report on Tuesday. They set an “outperform” rating and a $1,967.00 price target on the stock. Needham & Company LLC boosted their price objective on Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company upgraded Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. Robert W. Baird boosted their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada boosted their price objective on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,553.42.

Fair Isaac Stock Performance

Shares of FICO stock traded down $23.13 during trading on Friday, hitting $1,734.01. The company had a trading volume of 156,278 shares, compared to its average volume of 176,942. The firm has a market capitalization of $42.85 billion, a P/E ratio of 90.95, a price-to-earnings-growth ratio of 5.57 and a beta of 1.34. The stock’s 50-day moving average price is $1,650.13 and its 200 day moving average price is $1,413.52. Fair Isaac Co. has a one year low of $811.99 and a one year high of $1,818.02.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.34). Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. The company had revenue of $447.85 million during the quarter, compared to the consensus estimate of $448.53 million. On average, research analysts anticipate that Fair Isaac Co. will post 19.33 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has initiated a stock repurchase program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the completion of the sale, the executive vice president now directly owns 5,769 shares in the company, valued at $9,895,392.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the completion of the sale, the executive vice president now directly owns 5,769 shares in the company, valued at $9,895,392.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven P. Weber sold 1,800 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the transaction, the chief financial officer now owns 575 shares of the company’s stock, valued at $997,625. The disclosure for this sale can be found here. Insiders sold 24,891 shares of company stock worth $38,037,731 over the last three months. Insiders own 3.54% of the company’s stock.

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.