EP Wealth Advisors LLC Raises Holdings in Fair Isaac Co. (NYSE:FICO)

EP Wealth Advisors LLC increased its stake in shares of Fair Isaac Co. (NYSE:FICO) by 265.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,209 shares of the technology company’s stock after acquiring an additional 4,510 shares during the quarter. EP Wealth Advisors LLC’s holdings in Fair Isaac were worth $9,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of FICO. Commerce Bank boosted its holdings in shares of Fair Isaac by 704.8% during the first quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock worth $7,603,000 after purchasing an additional 5,328 shares during the period. Seven Eight Capital LP lifted its holdings in Fair Isaac by 140.0% in the 4th quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock worth $1,676,000 after buying an additional 840 shares during the period. BNP Paribas Financial Markets grew its position in shares of Fair Isaac by 44.5% in the 1st quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock worth $36,883,000 after buying an additional 9,094 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Fair Isaac by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after buying an additional 35,263 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Fair Isaac by 25.4% during 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 acquiring an additional 174,397 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FICO has been the topic of several recent analyst reports. Needham & Company LLC lifted their price target on shares of 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 lifted their target price on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Barclays increased their price target on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Robert W. Baird lifted their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company raised Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,660.18.

Fair Isaac Stock Up 1.2 %

Fair Isaac stock opened at $1,943.52 on Tuesday. The stock’s 50 day moving average is $1,754.26 and its 200 day moving average is $1,484.18. The company has a market capitalization of $48.03 billion, a P/E ratio of 102.02, a PEG ratio of 4.69 and a beta of 1.34. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month 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 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 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%. As a group, equities analysts expect that Fair Isaac Co. will post 19.19 EPS for the current year.

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

Insider Buying and Selling at Fair Isaac

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 shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark R. Scadina sold 3,500 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 19,919 shares in the company, valued at approximately $34,144,751.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,261 shares of company stock worth $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.