E Fund Management Co. Ltd. Acquires 83 Shares of Fair Isaac Co. (NYSE:FICO)

E Fund Management Co. Ltd. raised its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 40.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 288 shares of the technology company’s stock after acquiring an additional 83 shares during the period. E Fund Management Co. Ltd.’s holdings in Fair Isaac were worth $429,000 at the end of the most recent reporting period.

Several 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 first quarter valued at approximately $25,000. Advisors Asset Management Inc. acquired a new position in shares of Fair Isaac in the 1st quarter valued at $26,000. Tortoise Investment Management LLC increased its position in shares of Fair Isaac by 81.8% in the 2nd 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 in the last quarter. OFI Invest Asset Management acquired a new stake in Fair Isaac during the 1st quarter worth $31,000. Finally, Family Firm Inc. bought a new position in Fair Isaac during the second quarter worth about $34,000. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Stock Performance

FICO opened at $1,900.33 on Thursday. The business’s 50-day simple moving average is $1,693.81 and its 200 day simple moving average is $1,443.55. The firm has a market capitalization of $46.96 billion, a PE ratio of 99.75, a PEG ratio of 4.41 and a beta of 1.34. Fair Isaac Co. has a 52-week low of $811.99 and a 52-week high of $1,915.00.

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

Fair Isaac declared that its Board of Directors has approved a share repurchase plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have issued reports on FICO. Barclays raised their price target 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. Wells Fargo & Company raised shares of Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Needham & Company LLC increased their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird boosted their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada increased their target price 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 research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,582.58.

Insider Buying and Selling at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Fair Isaac news, Director James Kirsner sold 3,000 shares of the firm’s 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 completion of the sale, the director now directly owns 13,002 shares in the company, valued at $22,065,174.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction that occurred on 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. Insiders have sold 15,261 shares of company stock worth $26,291,370 over the last 90 days. Company 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.