Envestnet Asset Management Inc. Has $93.96 Million Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Envestnet Asset Management Inc. raised its holdings in Fair Isaac Co. (NYSE:FICO) by 0.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,117 shares of the technology company’s stock after buying an additional 107 shares during the quarter. Envestnet Asset Management Inc. owned 0.26% of Fair Isaac worth $93,960,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new position in shares of Fair Isaac during the first quarter valued at about $25,000. Advisors Asset Management Inc. acquired a new position in Fair Isaac in the 1st quarter valued at approximately $26,000. Tortoise Investment Management LLC grew its holdings in shares of Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares in the last quarter. OFI Invest Asset Management bought a new stake in shares of Fair Isaac during the first quarter valued at approximately $31,000. Finally, Family Firm Inc. acquired a new position in shares of Fair Isaac in the second quarter valued at $34,000. 85.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FICO has been the topic of a number of recent research reports. Oppenheimer assumed coverage on shares of Fair Isaac in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price target on the stock. Royal Bank of Canada upped their target price on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Needham & Company LLC lifted their price objective on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wolfe Research assumed coverage on Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective on the stock. Finally, Barclays raised their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,582.58.

Insiders Place Their Bets

In other news, Director James Kirsner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the sale, the director now directly owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director James Kirsner sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the transaction, the director now owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,261 shares of company stock valued at $26,291,370. Insiders own 3.54% of the company’s stock.

Fair Isaac Price Performance

FICO stock opened at $1,886.08 on Wednesday. The business has a fifty day moving average price of $1,687.50 and a 200 day moving average price of $1,439.39. Fair Isaac Co. has a fifty-two week low of $811.99 and a fifty-two week high of $1,907.49. The stock has a market capitalization of $46.61 billion, a price-to-earnings ratio of 99.01, a P/E/G ratio of 4.41 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The business had revenue of $447.85 million during the quarter, compared to analyst estimates of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. On average, equities analysts expect that Fair Isaac Co. will post 19.19 earnings per share for the current fiscal year.

Fair Isaac announced that its board has approved a share repurchase program on Tuesday, July 30th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.