Xponance Inc. Decreases Stake in Fair Isaac Co. (NYSE:FICO)

Xponance Inc. lessened its stake in Fair Isaac Co. (NYSE:FICO) by 6.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,122 shares of the technology company’s stock after selling 333 shares during the quarter. Xponance Inc.’s holdings in Fair Isaac were worth $7,625,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in Fair Isaac by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after purchasing an additional 174,397 shares during the last quarter. Principal Financial Group Inc. grew its stake in Fair Isaac by 30.2% in the 1st quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock valued at $445,660,000 after acquiring an additional 82,699 shares during the last quarter. Putnam Investments LLC increased its holdings in Fair Isaac by 111.3% during the 4th quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock valued at $177,975,000 after acquiring an additional 80,530 shares in the last quarter. Westwind Capital raised its position in Fair Isaac by 891.8% during the second quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock worth $10,382,000 after acquiring an additional 62,710 shares during the last quarter. Finally, Spear Holdings RSC Ltd acquired a new stake in shares of Fair Isaac in the first quarter valued at approximately $69,478,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on FICO shares. Wolfe Research initiated coverage on Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 target price on the stock. Needham & Company LLC boosted their price objective on 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. Barclays upped their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Wells Fargo & Company upgraded Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, Royal Bank of Canada increased their price objective on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,582.58.

Insider Buying and Selling at Fair Isaac

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 stock was sold at an average price of $1,697.06, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Fair Isaac news, EVP Mark R. Scadina sold 3,500 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were 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 directly owns 19,919 shares of the company’s stock, valued at approximately $34,144,751.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Kirsner sold 3,000 shares of the firm’s stock in a transaction on 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 approximately $22,065,174.12. The disclosure for this sale can be found here. In the last three months, insiders sold 15,261 shares of company stock valued at $26,291,370. 3.54% of the stock is owned by insiders.

Fair Isaac Trading Up 0.6 %

FICO stock opened at $1,947.00 on Tuesday. The firm’s 50-day moving average is $1,722.43 and its two-hundred day moving average is $1,461.29. The company has a market capitalization of $48.11 billion, a price-to-earnings ratio of 102.20, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34. Fair Isaac Co. has a 52 week low of $811.99 and a 52 week high of $1,962.83.

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 analysts’ consensus estimates of $5.33 by ($0.34). The firm had revenue of $447.85 million for 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, equities research analysts predict that Fair Isaac Co. will post 19.19 earnings per share for the current year.

Fair Isaac declared that its board has authorized a stock buyback plan on Tuesday, July 30th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is 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.