Fair Isaac Co. (NYSE:FICO) Stake Decreased by Inspire Investing LLC

Inspire Investing LLC trimmed its holdings in Fair Isaac Co. (NYSE:FICO) by 22.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,010 shares of the technology company’s stock after selling 851 shares during the quarter. Inspire Investing LLC’s holdings in Fair Isaac were worth $4,481,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. EntryPoint Capital LLC bought a new position in shares of Fair Isaac in the first quarter worth $25,000. Advisors Asset Management Inc. bought a new position in Fair Isaac in the 1st quarter valued at about $26,000. Tortoise Investment Management LLC increased its stake in Fair Isaac by 81.8% during 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 during the period. OFI Invest Asset Management bought a new stake in shares of Fair Isaac during the 1st quarter worth about $31,000. Finally, Family Firm Inc. acquired a new stake in shares of Fair Isaac in the 2nd quarter worth approximately $34,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Needham & Company LLC raised their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. 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 research note on Thursday, August 1st. Robert W. Baird raised their target price on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Wolfe Research started coverage on Fair Isaac in a report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 target price on the stock. Finally, Wells Fargo & Company raised shares of Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 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 given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus 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 firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Joanna Rees sold 3,961 shares of the firm’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 13,002 shares in the company, valued at $22,065,174.12. The disclosure for this sale can be found here. Insiders sold 15,261 shares of company stock valued at $26,291,370 over the last quarter. Insiders own 3.54% of the company’s stock.

Fair Isaac Price Performance

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

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). The company 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%. Sell-side analysts predict that Fair Isaac Co. will post 19.19 EPS for the current fiscal year.

Fair Isaac announced that its Board of Directors has approved a stock 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 buy up to 2.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.