EverSource Wealth Advisors LLC Acquires 7 Shares of Fair Isaac Co. (NYSE:FICO)

EverSource Wealth Advisors LLC boosted its stake in Fair Isaac Co. (NYSE:FICO) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 407 shares of the technology company’s stock after purchasing an additional 7 shares during the period. EverSource Wealth Advisors LLC’s holdings in Fair Isaac were worth $651,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. EntryPoint Capital LLC bought a new position in shares of Fair Isaac during the first quarter worth about $25,000. Advisors Asset Management Inc. bought a new position in Fair Isaac during the 1st quarter worth approximately $26,000. Tortoise Investment Management LLC lifted 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 period. OFI Invest Asset Management bought a new stake in shares of Fair Isaac in the 1st quarter valued at $31,000. Finally, Family Firm Inc. acquired a new stake in shares of Fair Isaac during the second quarter worth $34,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Up 0.6 %

Shares of FICO opened at $1,947.00 on Tuesday. The business’s fifty day moving average is $1,722.43 and its 200 day moving average is $1,461.29. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,962.83. The stock has a market cap of $48.11 billion, a P/E ratio of 102.20, a P/E/G ratio of 4.41 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 earnings per share 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 the consensus estimate of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. On average, analysts expect that Fair Isaac Co. will post 19.19 EPS for the current year.

Fair Isaac announced that its Board of Directors has initiated a share buyback program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Oppenheimer initiated coverage on shares of Fair Isaac in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 target price on the stock. Robert W. Baird lifted their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Royal Bank of Canada upped their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. Barclays lifted 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. Finally, Wells Fargo & Company raised Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,582.58.

Insider Activity at Fair Isaac

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 completion of the sale, the director now directly owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director James Kirsner sold 3,000 shares of Fair Isaac 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 of the company’s stock, valued at $22,065,174.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Steven P. Weber sold 1,800 shares of the 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 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. In the last quarter, insiders have sold 15,261 shares of company stock valued at $26,291,370. 3.54% of the stock is owned by corporate 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.