Fair Isaac Co. (NYSE:FICO) Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its stake in Fair Isaac Co. (NYSE:FICO) by 231.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,127 shares of the technology company’s stock after purchasing an additional 48,294 shares during the quarter. Sei Investments Co. owned about 0.28% of Fair Isaac worth $102,908,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in shares of Fair Isaac during the 1st quarter worth $25,000. Advisors Asset Management Inc. purchased a new stake in Fair Isaac during the first quarter valued at about $26,000. Tortoise Investment Management LLC grew its position in Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after acquiring an additional 9 shares during the period. OFI Invest Asset Management acquired a new stake in Fair Isaac during the first quarter worth about $31,000. Finally, Family Firm Inc. purchased a new position in shares of Fair Isaac in the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Activity

In related news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was 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 $22,065,174.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joanna Rees sold 3,961 shares of the stock in a transaction that occurred 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. In the last three months, insiders sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays boosted their target price 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. Robert W. Baird boosted 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 research note on Thursday, August 1st. Royal Bank of Canada raised their target price on shares of 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. Wolfe Research began coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 target price on the stock. Finally, Wells Fargo & Company upgraded Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus price target of $1,582.58.

Fair Isaac Price Performance

NYSE:FICO opened at $1,934.63 on Friday. The firm has a 50-day moving average of $1,715.29 and a two-hundred day moving average of $1,455.81. The stock has a market cap of $47.81 billion, a P/E ratio of 101.56, a PEG ratio of 4.41 and a beta of 1.34. Fair Isaac Co. has a 1-year low of $811.99 and a 1-year high of $1,951.40.

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

Fair Isaac announced that its board has initiated a stock buyback plan on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Fair Isaac 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.