SYSTM Wealth Solutions LLC Has $850,000 Stock Holdings in Fair Isaac Co. (NYSE:FICO)

SYSTM Wealth Solutions LLC trimmed its holdings in Fair Isaac Co. (NYSE:FICO) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 571 shares of the technology company’s stock after selling 42 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Fair Isaac were worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. EntryPoint Capital LLC bought a new position in Fair Isaac in the 1st quarter valued at about $25,000. Advisors Asset Management Inc. bought a new stake in Fair Isaac during the first quarter worth $26,000. Tortoise Investment Management LLC raised its position in 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 during the last quarter. OFI Invest Asset Management bought a new position in Fair Isaac during the 1st quarter valued at $31,000. Finally, Family Firm Inc. purchased a new position in Fair Isaac during the 2nd quarter worth $34,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Stock Up 0.8 %

NYSE FICO opened at $1,900.33 on Thursday. The company’s 50 day moving average is $1,693.81 and its 200-day moving average is $1,443.55. The firm has a market cap of $46.96 billion, a P/E ratio of 99.75, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,915.00.

Fair Isaac (NYSE:FICO) last posted its 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). The company had revenue of $447.85 million for the quarter, compared to analysts’ expectations of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. Equities analysts expect that Fair Isaac Co. will post 19.19 EPS for the current year.

Fair Isaac declared that its Board of Directors has approved a stock buyback 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 usually a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

FICO has been the topic of several analyst reports. Wolfe Research began coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target on the stock. Barclays boosted their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Robert W. Baird increased their price target on 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. Wells Fargo & Company raised Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, Oppenheimer initiated coverage on Fair Isaac in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 target price for the company. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,582.58.

Insider Activity

In other 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 value of $5,091,180.00. Following the completion of the transaction, the director now directly owns 13,002 shares in the company, valued at $22,065,174.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Fair Isaac news, Director James Kirsner sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the completion of the transaction, the director now directly owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. The sale was disclosed in a legal filing with the SEC, 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 completion of the transaction, the chief financial officer now directly owns 575 shares in the company, valued at approximately $997,625. The disclosure for this sale can be found here. Insiders have sold a total of 15,261 shares of company stock worth $26,291,370 over the last ninety 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.