Creative Planning Has $8.61 Million Position in Fair Isaac Co. (NYSE:FICO)

Creative Planning boosted its stake in Fair Isaac Co. (NYSE:FICO) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,429 shares of the technology company’s stock after acquiring an additional 445 shares during the period. Creative Planning’s holdings in Fair Isaac were worth $8,608,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. EntryPoint Capital LLC bought a new position in shares of Fair Isaac in the 1st quarter worth $25,000. Tortoise Investment Management LLC raised its position in 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 buying an additional 9 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in Fair Isaac in the 1st quarter valued at $26,000. Family Firm Inc. purchased a new stake in Fair Isaac in the 2nd quarter valued at $34,000. Finally, Valley National Advisers Inc. purchased a new stake in Fair Isaac in the 2nd quarter valued at $52,000. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Stock Up 1.7 %

Shares of NYSE FICO opened at $2,027.82 on Wednesday. Fair Isaac Co. has a 52 week low of $811.99 and a 52 week high of $2,103.70. The business has a 50-day simple moving average of $1,863.22 and a two-hundred day simple moving average of $1,562.45. The company has a market cap of $50.11 billion, a P/E ratio of 106.45, a P/E/G ratio of 3.78 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, July 31st. The technology company reported $4.99 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.34). The company had revenue of $447.85 million during the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. Equities research analysts anticipate that Fair Isaac Co. will post 19.33 EPS for the current year.

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

Insider Activity

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 directly owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of Fair Isaac stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 575 shares of the company’s stock, valued at $997,625. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the completion of the transaction, the director now directly owns 13,002 shares in the company, valued at $22,065,174.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on FICO shares. Royal Bank of Canada increased 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. Needham & Company LLC raised their target price on 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. The Goldman Sachs Group raised their target price on Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Oppenheimer raised their target price on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company raised their target price on Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,787.08.

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.