Bradley Foster & Sargent Inc. CT Purchases 8 Shares of Fair Isaac Co. (NYSE:FICO)

Bradley Foster & Sargent Inc. CT boosted its position in shares of Fair Isaac Co. (NYSE:FICO) by 2.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 330 shares of the technology company’s stock after buying an additional 8 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Fair Isaac were worth $491,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FICO. EntryPoint Capital LLC bought a new position in shares of Fair Isaac during the first quarter valued at about $25,000. Tortoise Investment Management LLC raised its position 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 purchasing an additional 9 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in Fair Isaac in the 1st quarter worth approximately $26,000. Family Firm Inc. bought a new stake in shares of Fair Isaac in the 2nd quarter worth approximately $34,000. Finally, OFI Invest Asset Management bought a new stake in shares of Fair Isaac in the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company raised Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Needham & Company LLC raised their target price 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. Barclays boosted their price target on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Wolfe Research initiated coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective for the company. Finally, Oppenheimer initiated coverage on Fair Isaac in a report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 target price on the stock. One 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,582.58.

Insider Activity

In related news, EVP Thomas A. Bowers sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the completion of the transaction, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $9,895,392.63. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Thomas A. Bowers sold 3,000 shares of Fair Isaac stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. 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 90 days. 3.54% of the stock is currently owned by insiders.

Fair Isaac Trading Up 1.5 %

Fair Isaac stock opened at $1,929.21 on Friday. Fair Isaac Co. has a 12 month low of $811.99 and a 12 month high of $1,946.80. The company has a market capitalization of $47.67 billion, a price-to-earnings ratio of 101.27, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34. The business’s fifty day simple moving average is $1,701.13 and its two-hundred day simple moving average is $1,446.74.

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

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