Cypress Capital Group Has $822,000 Holdings in Fair Isaac Co. (NYSE:FICO)

Cypress Capital Group trimmed its position in shares of Fair Isaac Co. (NYSE:FICO) by 10.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 552 shares of the technology company’s stock after selling 62 shares during the period. Cypress Capital Group’s holdings in Fair Isaac were worth $822,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FICO. Commerce Bank boosted its holdings in shares of Fair Isaac by 704.8% during the 1st quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock valued at $7,603,000 after acquiring an additional 5,328 shares in the last quarter. Seven Eight Capital LP raised its holdings in Fair Isaac by 140.0% in the 4th quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock valued at $1,676,000 after buying an additional 840 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Fair Isaac by 44.5% during the 1st quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock worth $36,883,000 after buying an additional 9,094 shares during the period. Vanguard Group Inc. increased its position in Fair Isaac by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after acquiring an additional 35,263 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Fair Isaac by 25.4% in 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 acquiring an additional 174,397 shares during the period. 85.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on FICO shares. Wolfe Research initiated coverage on Fair Isaac in a report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 target price on the stock. Needham & Company LLC upped 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. Wells Fargo & Company raised shares of Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Royal Bank of Canada increased their price objective 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, Barclays boosted their target price on shares of Fair Isaac from $1,500.00 to $1,800.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,515.82.

Insider Buying and Selling at Fair Isaac

In related news, 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 transaction of $3,123,000.00. Following the sale, the chief financial officer now directly owns 575 shares in the company, valued at approximately $997,625. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 transaction of $3,123,000.00. Following the sale, 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 is accessible through this hyperlink. Also, EVP Richard Deal sold 13,591 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the sale, the executive vice president now directly owns 49,314 shares in the company, valued at approximately $67,772,230.20. The disclosure for this sale can be found here. Insiders have sold a total of 24,891 shares of company stock worth $38,037,731 over the last three months. 3.54% of the stock is currently owned by insiders.

Fair Isaac Stock Down 0.9 %

Fair Isaac stock traded down $15.90 during midday trading on Monday, hitting $1,729.48. 10,007 shares of the stock were exchanged, compared to its average volume of 177,477. The stock has a market capitalization of $42.74 billion, a price-to-earnings ratio of 91.62, a price-to-earnings-growth ratio of 4.26 and a beta of 1.34. Fair Isaac Co. has a 52-week low of $811.99 and a 52-week high of $1,818.02. The business’s 50-day moving average price is $1,593.96 and its 200-day moving average price is $1,385.04.

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

Fair Isaac declared that its Board of Directors has approved a share buyback program on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 2.6% of its shares through open market purchases. Shares repurchase programs are often 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.