Fair Isaac Co. (NYSE:FICO) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its holdings in Fair Isaac Co. (NYSE:FICO) by 57.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 708 shares of the technology company’s stock after selling 944 shares during the period. Edgestream Partners L.P.’s holdings in Fair Isaac were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in Fair Isaac by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 105,267 shares of the technology company’s stock worth $156,704,000 after acquiring an additional 5,642 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in Fair Isaac during the 2nd quarter worth $256,000. Alta Advisers Ltd acquired a new position in shares of Fair Isaac during the 2nd quarter worth $74,000. Inspire Advisors LLC acquired a new position in shares of Fair Isaac during the 2nd quarter worth $445,000. Finally, Oppenheimer Asset Management Inc. grew its stake in Fair Isaac by 8.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,783 shares of the technology company’s stock valued at $4,143,000 after acquiring an additional 212 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on FICO shares. Needham & Company LLC raised their price target on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Company raised shares of Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Robert W. Baird lifted their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Royal Bank of Canada raised their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Finally, Barclays lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,582.58.

Insider Buying and Selling

In other Fair Isaac 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 transaction, the director now directly owns 13,002 shares in the company, valued at $22,065,174.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Mark R. Scadina sold 3,500 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the completion of the sale, the executive vice president now directly owns 19,919 shares in the company, valued at $34,144,751.42. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James Kirsner sold 3,000 shares of the firm’s stock in a transaction dated 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 owns 13,002 shares in the company, 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 ninety days. 3.54% of the stock is owned by company insiders.

Fair Isaac Stock Up 0.3 %

Shares of Fair Isaac stock opened at $1,934.63 on Friday. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,951.40. The stock has a market capitalization of $47.81 billion, a P/E ratio of 101.56, a PEG ratio of 4.41 and a beta of 1.34. The stock has a 50 day moving average price of $1,708.37 and a two-hundred day moving average price of $1,450.09.

Fair Isaac (NYSE:FICO) last posted 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 business had revenue of $447.85 million during the quarter, compared to the consensus estimate 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 anticipate that Fair Isaac Co. will post 19.19 earnings per share for the current year.

Fair Isaac declared that its board has initiated a stock repurchase plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Fair Isaac Company 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.