AustralianSuper Pty Ltd Boosts Holdings in Fair Isaac Co. (NYSE:FICO)

AustralianSuper Pty Ltd increased its position in shares of Fair Isaac Co. (NYSE:FICO) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,345 shares of the technology company’s stock after buying an additional 132 shares during the period. AustralianSuper Pty Ltd’s holdings in Fair Isaac were worth $7,957,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FICO. Norges Bank bought a new stake in Fair Isaac during the fourth quarter worth approximately $259,509,000. Price T Rowe Associates Inc. MD grew its position in 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 in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Fair Isaac by 30.2% during the first quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock worth $445,660,000 after acquiring an additional 82,699 shares in the last quarter. Putnam Investments LLC grew 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 valued at $177,975,000 after buying an additional 80,530 shares in the last quarter. Finally, Westwind Capital lifted its stake 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 worth $10,382,000 after buying an additional 62,710 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fair Isaac

In related news, EVP Richard Deal sold 13,591 shares of the stock in a transaction dated 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 owns 49,314 shares of the company’s stock, valued at approximately $67,772,230.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fair Isaac news, EVP Richard Deal sold 13,591 shares of the firm’s stock in a transaction dated 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 owns 49,314 shares in the company, valued at $67,772,230.20. The transaction 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 the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the completion of the sale, the director now directly owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,891 shares of company stock worth $38,037,731. Insiders own 3.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Robert W. Baird increased their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Needham & Company LLC boosted their price target on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada upped their price objective on 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. Barclays raised their price target on Fair Isaac from $1,500.00 to $1,800.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, Wolfe Research initiated coverage on Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,515.82.

Fair Isaac Price Performance

Shares of Fair Isaac stock traded up $8.63 during trading on Tuesday, hitting $1,714.90. The company’s stock had a trading volume of 195,531 shares, compared to its average volume of 178,704. The stock has a market cap of $42.38 billion, a price-to-earnings ratio of 89.37, 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 stock has a 50-day moving average price of $1,599.88 and a two-hundred day moving average price of $1,387.75.

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). Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. The company had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. On average, equities analysts predict that Fair Isaac Co. will post 19.73 EPS for the current fiscal year.

Fair Isaac declared that its Board of Directors has approved a stock 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 reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

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.