HBW Advisory Services LLC Purchases Shares of 175 Fair Isaac Co. (NYSE:FICO)

HBW Advisory Services LLC purchased a new position in shares of Fair Isaac Co. (NYSE:FICO) in the third quarter, according to its most recent filing with the SEC. The firm purchased 175 shares of the technology company’s stock, valued at approximately $340,000.

Other hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP increased its position in Fair Isaac by 9.4% in the 4th quarter. First Trust Advisors LP now owns 35,550 shares of the technology company’s stock valued at $41,381,000 after buying an additional 3,069 shares in the last quarter. Cibc World Markets Corp grew its stake in Fair Isaac by 132.4% in the fourth quarter. Cibc World Markets Corp now owns 3,189 shares of the technology company’s stock valued at $3,712,000 after acquiring an additional 1,817 shares during the period. Prudential PLC increased its holdings in shares of Fair Isaac by 13.3% during the fourth quarter. Prudential PLC now owns 4,013 shares of the technology company’s stock valued at $4,671,000 after acquiring an additional 472 shares in the last quarter. Seven Eight Capital LP raised its position in shares of Fair Isaac by 140.0% during the fourth quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock worth $1,676,000 after purchasing an additional 840 shares during the period. Finally, Personal CFO Solutions LLC bought a new position in shares of Fair Isaac in the 4th quarter worth $207,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Trading Down 1.2 %

Shares of FICO opened at $1,913.38 on Friday. The stock has a 50 day moving average of $1,780.91 and a 200 day moving average of $1,501.97. Fair Isaac Co. has a 12 month low of $811.99 and a 12 month high of $1,962.96. The company has a market capitalization of $47.28 billion, a price-to-earnings ratio of 100.44, a PEG ratio of 4.69 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.34). The business had revenue of $447.85 million for the quarter, compared to analysts’ expectations 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 research analysts predict that Fair Isaac Co. will post 19.19 earnings per share for the current year.

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

Analysts Set New Price Targets

FICO has been the subject of a number of recent research reports. Barclays boosted their price target on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Robert W. Baird boosted their target price on shares of 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. Wells Fargo & Company raised their price target on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. 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 report on Thursday, August 1st. Finally, Royal Bank of Canada raised their target price 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. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,775.25.

Insider Buying and Selling

In related news, Director Joanna Rees sold 3,961 shares of Fair Isaac 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Thomas A. Bowers sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the sale, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $9,895,392.63. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the firm’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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,261 shares of company stock worth $26,291,370. Insiders own 3.54% of the company’s stock.

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.