Axxcess Wealth Management LLC Buys 188 Shares of Fair Isaac Co. (NYSE:FICO)

Axxcess Wealth Management LLC boosted its stake in shares of Fair Isaac Co. (NYSE:FICO) by 93.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 390 shares of the technology company’s stock after acquiring an additional 188 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Fair Isaac were worth $581,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FICO. Price T Rowe Associates Inc. MD grew its holdings in Fair Isaac by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after acquiring an additional 174,397 shares during the last quarter. Principal Financial Group Inc. lifted its position in Fair Isaac by 30.2% during the 1st quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock valued at $445,660,000 after purchasing an additional 82,699 shares during the period. Putnam Investments LLC lifted its position in Fair Isaac by 111.3% during the 4th quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock valued at $177,975,000 after purchasing an additional 80,530 shares during the period. Westwind Capital lifted its position in Fair Isaac by 891.8% during the 2nd quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock valued at $10,382,000 after purchasing an additional 62,710 shares during the period. Finally, Spear Holdings RSC Ltd acquired a new position in Fair Isaac during the 1st quarter valued at about $69,478,000. Institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Robert W. Baird upped their target price on shares of 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. Needham & Company LLC upped their target price on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Barclays upped their target price on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Oppenheimer assumed coverage on shares of Fair Isaac in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 target price on the stock. Finally, Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,582.58.

Insider Buying and Selling

In related news, Director Joanna Rees sold 3,961 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Joanna Rees sold 3,961 shares of the firm’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 transaction of $6,931,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas A. Bowers sold 3,000 shares of the firm’s 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 transaction, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $9,895,392.63. 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. 3.54% of the stock is owned by corporate insiders.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,934.63 on Friday. The company has a market capitalization of $47.81 billion, a price-to-earnings ratio of 101.56, a P/E/G ratio of 4.41 and a beta of 1.34. The firm’s 50 day simple moving average is $1,708.37 and its 200 day simple moving average is $1,450.09. Fair Isaac Co. has a fifty-two week low of $811.99 and a fifty-two week high of $1,951.40.

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). Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. The business had revenue of $447.85 million for the quarter, compared to the consensus estimate of $448.53 million. Equities research analysts expect that Fair Isaac Co. will post 19.19 earnings per share for the current year.

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

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.