Fair Isaac Co. (NYSE:FICO) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC grew its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 6.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,523 shares of the technology company’s stock after purchasing an additional 92 shares during the period. Ieq Capital LLC’s holdings in Fair Isaac were worth $2,268,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FICO. EntryPoint Capital LLC purchased a new stake in Fair Isaac during the 1st quarter worth approximately $25,000. Advisors Asset Management Inc. acquired a new position in shares of Fair Isaac during the first quarter worth about $26,000. Tortoise Investment Management LLC increased its stake in shares of Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after buying an additional 9 shares during the period. OFI Invest Asset Management acquired a new stake in Fair Isaac in the first quarter valued at approximately $31,000. Finally, Family Firm Inc. acquired a new position in Fair Isaac during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FICO. Royal Bank of Canada raised their price objective on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. Wolfe Research began coverage on Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price objective for the company. Oppenheimer initiated coverage on Fair Isaac in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 target price on the stock. 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 raised their price objective on shares of 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average price target of $1,582.58.

Insider Buying and Selling

In other Fair Isaac news, Director James Kirsner sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were 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 owns 13,002 shares in the company, valued at approximately $22,065,174.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Fair Isaac news, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 13,002 shares in the company, valued at approximately $22,065,174.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 575 shares of the company’s stock, valued at $997,625. 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 Stock Performance

NYSE FICO opened at $1,934.63 on Friday. Fair Isaac Co. has a one year low of $811.99 and a one year high of $1,951.40. The firm 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. The firm’s fifty day moving average is $1,715.29 and its two-hundred day moving average is $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 (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $447.85 million during the quarter, compared to analyst estimates of $448.53 million. Research analysts predict that Fair Isaac Co. will post 19.19 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has approved a stock buyback plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually a sign 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.