Fair Isaac (NYSE:FICO) Sets New 52-Week High at $1,962.96

Fair Isaac Co. (NYSE:FICO) hit a new 52-week high during trading on Tuesday . The company traded as high as $1,962.96 and last traded at $1,920.93, with a volume of 12076 shares changing hands. The stock had previously closed at $1,943.52.

Wall Street Analysts Forecast Growth

Several research firms have commented on FICO. Wolfe Research started 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 on the stock. Royal Bank of Canada boosted their price objective on 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. UBS Group began coverage on Fair Isaac in a report on Tuesday. They set a “neutral” rating and a $2,100.00 target price on the stock. Robert W. Baird boosted their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Oppenheimer assumed coverage on shares of Fair Isaac in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,696.83.

Fair Isaac Trading Down 1.2 %

The stock has a market cap of $47.46 billion, a price-to-earnings ratio of 102.02, a P/E/G ratio of 4.69 and a beta of 1.34. The firm’s 50-day moving average is $1,754.26 and its two-hundred day moving average is $1,484.18.

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

Fair Isaac declared that its board has approved a stock 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 buy up to 2.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Fair Isaac

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

Institutional Investors Weigh In On Fair Isaac

Several institutional investors and hedge funds have recently modified their holdings of FICO. EntryPoint Capital LLC acquired a new stake in Fair Isaac during the 1st quarter worth approximately $25,000. Tortoise Investment Management LLC increased its position in shares of Fair Isaac by 81.8% during the second 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 period. Advisors Asset Management Inc. acquired a new stake in shares of Fair Isaac in the first quarter valued at $26,000. Family Firm Inc. purchased a new position in Fair Isaac in the second quarter valued at $34,000. Finally, OFI Invest Asset Management acquired a new position in Fair Isaac during the 1st quarter worth $31,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

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.