Fair Isaac Co. (NYSE:FICO) Shares Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC boosted its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 5.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 276 shares of the technology company’s stock after acquiring an additional 14 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Fair Isaac were worth $411,000 at the end of the most recent quarter.

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

Fair Isaac Stock Up 0.6 %

Shares of FICO opened at $1,947.00 on Tuesday. The company has a market capitalization of $48.11 billion, a price-to-earnings ratio of 102.20, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34. Fair Isaac Co. has a 52-week low of $811.99 and a 52-week high of $1,962.83. The stock has a 50 day moving average price of $1,722.43 and a 200 day moving average price of $1,461.29.

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

Fair Isaac announced that its board has approved a stock buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, CFO Steven P. Weber sold 1,800 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the sale, the chief financial officer now directly owns 575 shares of the company’s stock, valued at approximately $997,625. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director James Kirsner sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the transaction, the director now owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Steven P. Weber sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the sale, the chief financial officer now directly owns 575 shares of the company’s stock, valued at $997,625. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,261 shares of company stock valued at $26,291,370. 3.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FICO has been the topic of a number of recent research reports. Robert W. Baird boosted their price target 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. Royal Bank of Canada increased their target price on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Barclays increased their price objective on 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. Wolfe Research began coverage on Fair Isaac in a research note on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 target price for the company. Finally, Oppenheimer assumed coverage on Fair Isaac in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 price objective for the company. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and an average price target of $1,582.58.

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.