GAM Holding AG Buys Shares of 551 Fair Isaac Co. (NYSE:FICO)

GAM Holding AG purchased a new position in Fair Isaac Co. (NYSE:FICO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 551 shares of the technology company’s stock, valued at approximately $820,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Fair Isaac by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after purchasing an additional 35,263 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of 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 worth $1,076,268,000 after buying an additional 174,397 shares during the period. Principal Financial Group Inc. increased its stake in shares of Fair Isaac by 30.2% in the 1st quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock valued at $445,660,000 after acquiring an additional 82,699 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Fair Isaac by 25.2% during the 4th quarter. Franklin Resources Inc. now owns 283,565 shares of the technology company’s stock valued at $330,072,000 after acquiring an additional 57,010 shares during the period. Finally, Norges Bank acquired a new position in shares of Fair Isaac during the 4th quarter valued at $259,509,000. 85.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FICO shares. Needham & Company LLC raised their price target on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada raised their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Wells Fargo & Company raised Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. 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. Finally, Barclays upped their target price on Fair Isaac from $1,500.00 to $1,800.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. One equities research 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. According to MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average price target of $1,515.82.

Insiders Place Their Bets

In other news, EVP Thomas A. Bowers sold 3,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 5,769 shares in the company, valued at $9,895,392.63. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Thomas A. Bowers sold 3,000 shares of Fair Isaac stock in a transaction 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 owns 5,769 shares of the company’s stock, valued at $9,895,392.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark R. Scadina sold 3,500 shares of Fair Isaac stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the sale, the executive vice president now owns 19,919 shares of the company’s stock, valued at approximately $34,144,751.42. 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 90 days. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Stock Performance

NYSE:FICO traded down $16.46 during trading hours on Tuesday, reaching $1,689.81. The stock had a trading volume of 44,760 shares, compared to its average volume of 177,739. 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 $1,599.88 and a 200 day simple moving average of $1,387.75. The stock has a market cap of $41.76 billion, a P/E ratio of 89.37, a price-to-earnings-growth ratio of 4.26 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.34). The business had revenue of $447.85 million during 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%. 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 of Directors has authorized a share buyback plan on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Fair Isaac Company 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.