Brighton Jones LLC Acquires 13 Shares of Fair Isaac Co. (NYSE:FICO)

Brighton Jones LLC raised its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 3.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 438 shares of the technology company’s stock after purchasing an additional 13 shares during the period. Brighton Jones LLC’s holdings in Fair Isaac were worth $652,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new position in Fair Isaac during the 1st quarter valued at approximately $25,000. Advisors Asset Management Inc. bought a new position in shares of Fair Isaac during the first quarter valued at $26,000. Tortoise Investment Management LLC raised its position in shares of Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares during the last quarter. OFI Invest Asset Management bought a new position in Fair Isaac in the 1st quarter worth about $31,000. Finally, Family Firm Inc. purchased a new stake in Fair Isaac during the 2nd quarter valued at about $34,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FICO. Robert W. Baird lifted their target price 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. Oppenheimer initiated coverage on Fair Isaac in a research report on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 price objective on the stock. Wells Fargo & Company raised Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. Needham & Company LLC upped their price target on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Barclays lifted their price objective on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. One equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,582.58.

Insider Activity at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is available at the SEC website. In related news, CFO Steven P. Weber sold 1,800 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the transaction, the chief financial officer now owns 575 shares of the company’s stock, valued at approximately $997,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joanna Rees sold 3,961 shares of the 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 15,261 shares of company stock worth $26,291,370. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Trading Up 0.3 %

Shares of NYSE FICO 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 firm has a market capitalization of $47.81 billion, a price-to-earnings ratio of 101.56, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34. The firm has a 50 day moving average of $1,715.29 and a 200 day moving average of $1,455.81.

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). The business 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%. Sell-side analysts predict that Fair Isaac Co. will post 19.19 EPS for the current year.

Fair Isaac announced that its board has initiated a stock repurchase 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 stock through open market purchases. Stock buyback programs are usually a sign that the company’s management 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.