Hsbc Holdings PLC Has $71.47 Million Position in Fair Isaac Co. (NYSE:FICO)

Hsbc Holdings PLC lessened its stake in Fair Isaac Co. (NYSE:FICO) by 10.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,918 shares of the technology company’s stock after selling 5,361 shares during the period. Hsbc Holdings PLC owned about 0.19% of Fair Isaac worth $71,472,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in Fair Isaac by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after buying an additional 174,397 shares during the period. Principal Financial Group Inc. increased its stake in Fair Isaac by 30.2% in the first quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock valued at $445,660,000 after acquiring an additional 82,699 shares during the period. Putnam Investments LLC increased its stake in Fair Isaac by 111.3% in the fourth quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock valued at $177,975,000 after acquiring an additional 80,530 shares during the period. Westwind Capital raised its position in Fair Isaac by 891.8% in the second quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock worth $10,382,000 after purchasing an additional 62,710 shares in the last quarter. Finally, Spear Holdings RSC Ltd bought a new position in Fair Isaac during the first quarter worth about $69,478,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FICO has been the topic of several analyst reports. Needham & Company LLC upped their price objective on 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. Wells Fargo & Company upgraded Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Robert W. Baird lifted their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Wolfe Research began coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price on the stock. Finally, Barclays lifted 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 report on Friday, September 13th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and an average price target 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 shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Thomas A. Bowers sold 3,000 shares of Fair Isaac stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the sale, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $9,895,392.63. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,261 shares of company stock worth $26,291,370. Company insiders own 3.54% of the company’s stock.

Fair Isaac Trading Up 1.5 %

Shares of FICO stock opened at $1,929.21 on Friday. Fair Isaac Co. has a 1 year low of $811.99 and a 1 year high of $1,946.80. The firm’s 50 day moving average is $1,701.13 and its 200-day moving average is $1,446.74. The firm has a market capitalization of $47.67 billion, a price-to-earnings ratio of 101.27, a PEG ratio of 4.41 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data 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 firm had revenue of $447.85 million for the quarter, compared to analyst estimates 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 forecast that Fair Isaac Co. will post 19.19 earnings per share for the current fiscal year.

Fair Isaac declared that its board has authorized a stock repurchase program on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits 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 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.