406 Shares in Fair Isaac Co. (NYSE:FICO) Purchased by Heartland Bank & Trust Co

Heartland Bank & Trust Co bought a new stake in shares of Fair Isaac Co. (NYSE:FICO) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 406 shares of the technology company’s stock, valued at approximately $604,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Fair Isaac by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after purchasing an additional 174,397 shares during the period. Principal Financial Group Inc. raised its position in shares of Fair Isaac by 30.2% during the 1st 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 in the last quarter. Putnam Investments LLC lifted its stake in shares of Fair Isaac by 111.3% in the 4th 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 period. Westwind Capital boosted its holdings in shares of Fair Isaac by 891.8% in the second quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock valued at $10,382,000 after acquiring an additional 62,710 shares in the last quarter. Finally, Spear Holdings RSC Ltd acquired a new position in shares of Fair Isaac during the first quarter valued at approximately $69,478,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Up 1.2 %

NYSE FICO opened at $1,943.52 on Tuesday. The firm’s fifty day simple moving average is $1,754.26 and its 200-day simple moving average is $1,484.18. Fair Isaac Co. has a 1-year low of $811.99 and a 1-year high of $1,962.83. The company has a market capitalization of $48.03 billion, a PE ratio of 102.02, a price-to-earnings-growth ratio of 4.69 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). The firm 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%. As a group, analysts predict that Fair Isaac Co. will post 19.19 EPS for the current year.

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

Insider Buying and Selling at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Thomas A. Bowers sold 3,000 shares of Fair Isaac stock in a transaction that occurred 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 of the company’s stock, valued at $9,895,392.63. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Joanna Rees sold 3,961 shares of the company’s 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 15,261 shares of company stock worth $26,291,370 over the last ninety days. 3.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. 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 report on Thursday, August 1st. Wells Fargo & Company raised shares of Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. Needham & Company LLC lifted their price objective on shares of 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. Finally, Oppenheimer began coverage on shares of Fair Isaac in a report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,660.18.

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.