248 Shares in Fair Isaac Co. (NYSE:FICO) Acquired by Secure Asset Management LLC

Secure Asset Management LLC bought a new position in Fair Isaac Co. (NYSE:FICO) during the second quarter, HoldingsChannel reports. The firm bought 248 shares of the technology company’s stock, valued at approximately $370,000.

Several other hedge funds have also bought and sold shares of the business. Norges Bank acquired a new position in shares of Fair Isaac during the fourth quarter valued at about $259,509,000. Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $1,076,268,000 after purchasing an additional 174,397 shares during the last quarter. Principal Financial Group Inc. increased its holdings in 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 purchasing an additional 82,699 shares in the last quarter. Putnam Investments LLC raised 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 worth $177,975,000 after purchasing an additional 80,530 shares during the last quarter. Finally, Westwind Capital lifted 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 purchasing an additional 62,710 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

FICO has been the topic of several recent analyst reports. Robert W. Baird raised their price objective on 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. Wolfe Research started coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target on the stock. 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. Royal Bank of Canada lifted 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 research report on Thursday, August 1st. Finally, Raymond James upped their target price on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,515.82.

Insider Transactions at Fair Isaac

In related news, CFO Steven P. Weber sold 1,800 shares of the firm’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 completion of the transaction, the chief financial officer now directly owns 575 shares of the company’s stock, valued at approximately $997,625. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of Fair Isaac stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the completion of the transaction, the chief financial officer now owns 575 shares of the company’s stock, valued at approximately $997,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Kirsner sold 3,000 shares of the 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 completion of the sale, the director now directly owns 13,002 shares in the company, valued at $22,065,174.12. The disclosure for this sale can be found here. Insiders sold 24,891 shares of company stock worth $38,037,731 over the last quarter. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Stock Performance

NYSE:FICO traded up $8.22 during trading hours on Friday, reaching $1,745.38. The stock had a trading volume of 72,889 shares, compared to its average volume of 178,505. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,818.02. The stock has a 50 day simple moving average of $1,593.96 and a 200 day simple moving average of $1,383.45. The stock has a market cap of $43.13 billion, a P/E ratio of 91.62, a price-to-earnings-growth ratio of 4.26 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.34). The firm had revenue of $447.85 million during the quarter, compared to analysts’ expectations of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. On average, equities analysts expect that Fair Isaac Co. will post 19.73 earnings per share for the current fiscal year.

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

Fair Isaac Profile

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.