&Partners Buys Shares of 378 Fair Isaac Co. (NYSE:FICO)

&Partners bought a new position in shares of Fair Isaac Co. (NYSE:FICO – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 378 shares of the technology company’s stock, valued at approximately $563,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new position in Fair Isaac during the 1st quarter worth approximately $25,000. Advisors Asset Management Inc. acquired a new position in shares of Fair Isaac during the first quarter worth $26,000. OFI Invest Asset Management bought a new position in shares of Fair Isaac in the 1st quarter valued at $31,000. DSM Capital Partners LLC acquired a new stake in shares of Fair Isaac during the 4th quarter valued at $37,000. Finally, Covestor Ltd grew its position in Fair Isaac by 140.0% during the 1st quarter. Covestor Ltd now owns 36 shares of the technology company’s stock worth $46,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Up 0.5 %

Shares of NYSE FICO opened at $1,745.38 on Friday. The firm’s 50-day moving average price is $1,586.87 and its 200-day moving average price is $1,380.05. The firm has a market capitalization of $43.13 billion, a P/E ratio of 91.62, a P/E/G ratio of 4.26 and a beta of 1.34. Fair Isaac Co. has a 1-year low of $811.99 and a 1-year high of $1,818.02.

Fair Isaac (NYSE:FICO – Get Free Report) last released its quarterly earnings data 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 firm had revenue of $447.85 million for the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. Equities research analysts forecast that Fair Isaac Co. will post 19.73 EPS for the current year.

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

Insider Buying and Selling

In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the business’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 completion of the sale, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at approximately $9,895,392.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of Fair Isaac stock in a transaction on Monday, August 12th. The shares were 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 approximately $9,895,392.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richard Deal sold 13,591 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the completion of the sale, the executive vice president now owns 49,314 shares of the company’s stock, valued at approximately $67,772,230.20. The disclosure for this sale can be found here. Insiders have sold 24,891 shares of company stock worth $38,037,731 in the last quarter. Insiders own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Raymond James lifted their price target on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Wolfe Research began coverage on Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target for the company. 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 report on Thursday, August 1st. Barclays raised their price target on shares of Fair Isaac from $1,500.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Finally, Robert W. Baird upped their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,515.82.

Check Out Our Latest Stock Report on FICO

Fair Isaac Profile

(Free Report)

Fair Isaac Corporation develops analytics, 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 analytics and decision management solutions 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.

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