Ballentine Partners LLC Acquires Shares of 152 Fair Isaac Co. (NYSE:FICO)

Ballentine Partners LLC acquired a new position in Fair Isaac Co. (NYSE:FICO) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 152 shares of the technology company’s stock, valued at approximately $226,000.

Several other institutional investors have also modified their holdings of FICO. EntryPoint Capital LLC bought a new stake in Fair Isaac in the first quarter valued at about $25,000. Advisors Asset Management Inc. acquired a new position in shares of Fair Isaac in the 1st quarter worth approximately $26,000. Tortoise Investment Management LLC increased its holdings in shares of Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after acquiring an additional 9 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Fair Isaac during the 1st quarter valued at approximately $31,000. Finally, Family Firm Inc. bought a new position in Fair Isaac during the second quarter worth $34,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Up 1.5 %

Shares of NYSE FICO opened at $1,862.08 on Friday. The stock has a market cap of $46.01 billion, a P/E ratio of 97.75, a P/E/G ratio of 4.16 and a beta of 1.34. The firm’s 50-day simple moving average is $1,673.87 and its 200 day simple moving average is $1,428.74. Fair Isaac Co. has a fifty-two week low of $811.99 and a fifty-two week high of $1,863.44.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The company had revenue of $447.85 million for 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 anticipate that Fair Isaac Co. will post 19.25 earnings per share for the current fiscal year.

Fair Isaac announced that its board has initiated a stock buyback 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 management believes its shares are undervalued.

Insider Transactions at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Thomas A. Bowers sold 3,000 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction on 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. In the last 90 days, insiders have sold 15,261 shares of company stock valued at $26,291,370. Corporate insiders own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FICO. Royal Bank of Canada boosted 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. Robert W. Baird increased their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Wells Fargo & Company upgraded Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Barclays increased their price target on Fair Isaac from $1,500.00 to $1,800.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Finally, Needham & Company LLC upped their price objective 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,553.42.

Fair Isaac Company 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.