DRW Securities LLC Acquires New Shares in Fair Isaac Co. (NYSE:FICO)

DRW Securities LLC acquired a new position in Fair Isaac Co. (NYSE:FICO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 278 shares of the technology company’s stock, valued at approximately $414,000.

Several other hedge funds have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its position in shares of Fair Isaac by 1.8% in the second quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company’s stock valued at $651,000 after purchasing an additional 7 shares during the period. Bradley Foster & Sargent Inc. CT grew its stake in Fair Isaac by 2.5% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 330 shares of the technology company’s stock valued at $491,000 after buying an additional 8 shares during the last quarter. Western Financial Corp CA raised its holdings in Fair Isaac by 1.3% in the 2nd quarter. Western Financial Corp CA now owns 717 shares of the technology company’s stock worth $1,067,000 after acquiring an additional 9 shares during the period. Tortoise Investment Management LLC lifted its position in Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after acquiring an additional 9 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Fair Isaac by 3.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock valued at $407,000 after acquiring an additional 10 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Up 0.6 %

NYSE:FICO opened at $1,947.00 on Tuesday. The firm has a market capitalization of $48.11 billion, a PE ratio of 102.20, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,962.83. The firm has a 50-day moving average price of $1,722.43 and a 200 day moving average price of $1,461.29.

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

Fair Isaac announced that its Board of Directors has approved a share repurchase program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

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

Insider Buying and Selling at Fair Isaac

In other news, CFO Steven P. Weber sold 1,800 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 575 shares of the company’s stock, valued at approximately $997,625. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Steven P. Weber sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the transaction, the chief financial officer now directly owns 575 shares of the company’s stock, valued at approximately $997,625. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas A. Bowers sold 3,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the sale, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $9,895,392.63. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,261 shares of company stock valued at $26,291,370. 3.54% of the stock is currently owned by company insiders.

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.