Dimensional Fund Advisors LP Raises Stock Position in Fair Isaac Co. (NYSE:FICO)

Dimensional Fund Advisors LP grew its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,267 shares of the technology company’s stock after purchasing an additional 5,642 shares during the period. Dimensional Fund Advisors LP owned about 0.43% of Fair Isaac worth $156,704,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Fair Isaac by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after buying an additional 35,263 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Fair Isaac by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $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 3.9% in the second quarter. Principal Financial Group Inc. now owns 370,605 shares of the technology company’s stock valued at $551,706,000 after purchasing an additional 13,966 shares during the last quarter. American Century Companies Inc. increased its stake in Fair Isaac by 6.7% in the second quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock valued at $514,523,000 after purchasing an additional 21,768 shares during the last quarter. Finally, Capital International Investors increased its stake in Fair Isaac by 4.5% in the first quarter. Capital International Investors now owns 181,406 shares of the technology company’s stock valued at $226,687,000 after purchasing an additional 7,884 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director James Kirsner sold 3,000 shares of the stock in a transaction on Wednesday, August 7th. The stock was 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 of the company’s stock, valued at $22,065,174.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the sale, the chief financial officer now owns 575 shares of the company’s stock, valued at $997,625. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 sale, the director now directly owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. The disclosure for this sale can be found here. Insiders sold a total of 15,261 shares of company stock valued at $26,291,370 over the last three months. 3.54% of the stock is currently owned by company insiders.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,934.63 on Friday. The stock has a fifty day moving average price of $1,708.37 and a 200 day moving average price of $1,450.09. Fair Isaac Co. has a 1-year low of $811.99 and a 1-year high of $1,951.40. The company has a market cap of $47.81 billion, a PE ratio of 101.56, a P/E/G ratio of 4.41 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results 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 company had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. Analysts anticipate that Fair Isaac Co. will post 19.19 earnings per share for the current fiscal year.

Fair Isaac announced that its board has approved a share repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have commented on FICO. Oppenheimer began coverage on shares of Fair Isaac in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 price target on the stock. Wolfe Research began coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target on the stock. Barclays increased 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 note on Friday, September 13th. Robert W. Baird increased their price target on shares of 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. Finally, Wells Fargo & Company raised Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,582.58.

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.