Chapin Davis Inc. Makes New Investment in Fair Isaac Co. (NYSE:FICO)

Chapin Davis Inc. purchased a new stake in Fair Isaac Co. (NYSE:FICO) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,984 shares of the technology company’s stock, valued at approximately $3,856,000. Fair Isaac comprises 1.2% of Chapin Davis Inc.’s investment portfolio, making the stock its 18th biggest position.

Several other large investors have also modified their holdings of the business. Personal CFO Solutions LLC purchased a new stake in Fair Isaac during the 4th quarter worth about $207,000. Nomura Holdings Inc. acquired a new position in shares of Fair Isaac in the fourth quarter valued at approximately $4,648,000. Balyasny Asset Management L.P. lifted its stake in shares of Fair Isaac by 11.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 71,007 shares of the technology company’s stock valued at $82,653,000 after buying an additional 7,275 shares during the period. Putnam Investments LLC boosted its position in Fair Isaac by 111.3% during the fourth quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock worth $177,975,000 after acquiring an additional 80,530 shares during the last quarter. Finally, Caxton Associates LP purchased a new stake in Fair Isaac in the 4th quarter worth approximately $2,021,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Trading Up 2.1 %

Shares of NYSE FICO opened at $1,952.97 on Tuesday. The stock has a fifty day moving average price of $1,788.19 and a 200 day moving average price of $1,508.55. The company has a market cap of $48.26 billion, a P/E ratio of 102.52, a P/E/G ratio of 4.69 and a beta of 1.35. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,975.90.

Fair Isaac (NYSE:FICO) last posted its 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 company had revenue of $447.85 million during the quarter, compared to analyst estimates of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. On average, sell-side analysts forecast that Fair Isaac Co. will post 19.19 EPS for the current fiscal year.

Fair Isaac announced that its Board of Directors has initiated a share repurchase plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the transaction, the executive vice president now owns 5,769 shares in the company, valued at $9,895,392.63. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of Fair Isaac stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 5,769 shares in the company, valued at $9,895,392.63. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark R. Scadina sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the completion of the transaction, the executive vice president now directly owns 19,919 shares in the company, valued at approximately $34,144,751.42. The trade was a 0.00 % decrease in their ownership of the stock. 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. Corporate insiders own 3.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Needham & Company LLC increased their price target 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. Royal Bank of Canada increased their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. UBS Group assumed coverage on Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target for the company. The Goldman Sachs Group increased their price objective on shares of Fair Isaac from $1,879.00 to $2,130.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, Wolfe Research initiated coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price for the company. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and an average target price of $1,775.25.

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.