Bridges Investment Management Inc. Acquires 146 Shares of Fair Isaac Co. (NYSE:FICO)

Bridges Investment Management Inc. raised its holdings in Fair Isaac Co. (NYSE:FICO) by 62.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 378 shares of the technology company’s stock after purchasing an additional 146 shares during the period. Bridges Investment Management Inc.’s holdings in Fair Isaac were worth $563,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Ieq Capital LLC boosted its holdings in Fair Isaac by 6.4% in the 2nd quarter. Ieq Capital LLC now owns 1,523 shares of the technology company’s stock valued at $2,268,000 after purchasing an additional 92 shares during the period. Brighton Jones LLC lifted its holdings in shares of Fair Isaac by 3.1% during the 2nd quarter. Brighton Jones LLC now owns 438 shares of the technology company’s stock worth $652,000 after acquiring an additional 13 shares during the period. Carolinas Wealth Consulting LLC bought a new stake in shares of Fair Isaac during the 2nd quarter worth approximately $63,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Fair Isaac by 24.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,674 shares of the technology company’s stock worth $3,976,000 after acquiring an additional 524 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of Fair Isaac by 5.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 779 shares of the technology company’s stock worth $1,159,000 after acquiring an additional 43 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Shares of NYSE FICO opened at $1,934.63 on Friday. Fair Isaac Co. has a 52-week low of $811.99 and a 52-week high of $1,951.40. The firm has a 50 day moving average price of $1,715.29 and a two-hundred day moving average price of $1,455.81. The stock has a market cap of $47.81 billion, a P/E ratio of 101.56, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last announced its quarterly 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). Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. The business had revenue of $447.85 million during the quarter, compared to analyst estimates of $448.53 million. Analysts predict that Fair Isaac Co. will post 19.19 earnings per share for the current fiscal year.

Fair Isaac announced that its board has approved a share 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 usually a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays upped their price target on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Oppenheimer assumed coverage on shares of Fair Isaac in a report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price target for the company. Wells Fargo & Company raised shares of Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. Needham & Company LLC increased their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Wolfe Research initiated coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,582.58.

Insider Transactions at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of the stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Steven P. Weber sold 1,800 shares of the stock in a transaction on 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 sale, the chief financial officer now directly owns 575 shares in the company, valued at $997,625. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Joanna Rees sold 3,961 shares of the stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 15,261 shares of company stock worth $26,291,370 over the last three months. 3.54% of the stock is owned by company insiders.

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.