191 Shares in Fair Isaac Co. (NYSE:FICO) Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC purchased a new position in shares of Fair Isaac Co. (NYSE:FICO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 191 shares of the technology company’s stock, valued at approximately $284,000.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in Fair Isaac by 4.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,627 shares of the technology company’s stock valued at $1,894,000 after buying an additional 71 shares during the period. D.A. Davidson & CO. boosted its position in Fair Isaac by 35.5% in the 4th quarter. D.A. Davidson & CO. now owns 466 shares of the technology company’s stock valued at $542,000 after buying an additional 122 shares during the period. Assetmark Inc. boosted its position in Fair Isaac by 119.6% in the 4th quarter. Assetmark Inc. now owns 112 shares of the technology company’s stock valued at $130,000 after buying an additional 61 shares during the period. SageView Advisory Group LLC purchased a new stake in Fair Isaac in the 4th quarter valued at about $248,000. Finally, Hsbc Holdings PLC boosted its position in Fair Isaac by 21.3% in the 4th quarter. Hsbc Holdings PLC now owns 42,026 shares of the technology company’s stock valued at $48,890,000 after buying an additional 7,377 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction that occurred on 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 transaction was disclosed in a filing with the SEC, which is available at this link. In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction that occurred on 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $3,123,000.00. Following the sale, the chief financial officer now directly owns 575 shares in the company, valued at approximately $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. Insiders own 3.54% of the company’s stock.

Wall Street Analyst Weigh In

FICO has been the subject of several research reports. Barclays boosted their price objective 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. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. Oppenheimer started coverage on shares of Fair Isaac in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 price target for the company. Royal Bank of Canada boosted their price target 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. Finally, Robert W. Baird boosted their price target on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. One 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,582.58.

Fair Isaac Stock Down 1.6 %

NYSE FICO opened at $1,916.90 on Wednesday. The firm has a market cap of $47.37 billion, a PE ratio of 100.62, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34. The company has a 50 day moving average price of $1,728.47 and a 200 day moving average price of $1,465.63. 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 released its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.34). The company had revenue of $447.85 million for the quarter, compared to analysts’ expectations of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. On average, equities research analysts anticipate that Fair Isaac Co. will post 19.19 earnings per share for the current fiscal year.

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

Fair Isaac 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.