Fair Isaac Co. (NYSE:FICO) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its stake in Fair Isaac Co. (NYSE:FICO) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,566 shares of the technology company’s stock after selling 12 shares during the period. Blair William & Co. IL’s holdings in Fair Isaac were worth $2,331,000 at the end of the most recent quarter.

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

Fair Isaac Stock Performance

NYSE FICO opened at $1,934.63 on Monday. Fair Isaac Co. has a one year low of $811.99 and a one year high of $1,951.40. The business has a fifty day moving average price of $1,715.29 and a 200 day moving average price of $1,456.98. The company has a market cap of $47.81 billion, a P/E 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 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). The business had revenue of $447.85 million during the quarter, compared to analyst estimates of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. As a group, sell-side analysts predict that Fair Isaac Co. will post 19.19 EPS for the current fiscal year.

Fair Isaac declared that its Board of Directors has authorized a stock repurchase program on Tuesday, July 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Needham & Company LLC boosted 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. Royal Bank of Canada increased their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Barclays raised 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 report on Friday, September 13th. Wolfe Research initiated coverage on shares of Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective for the company. Finally, Oppenheimer began coverage on Fair Isaac in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,582.58.

Insiders Place Their Bets

In other news, Director Joanna Rees sold 3,961 shares of the company’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark R. Scadina sold 3,500 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the sale, the executive vice president now owns 19,919 shares of the company’s stock, valued at $34,144,751.42. The disclosure for this sale can be found here. Insiders have sold 15,261 shares of company stock valued at $26,291,370 in the last ninety days. 3.54% of the stock is currently owned by corporate insiders.

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.