Fair Isaac Co. (NYSE:FICO) is Cypress Funds LLC’s 3rd Largest Position

Cypress Funds LLC trimmed its position in shares of Fair Isaac Co. (NYSE:FICO) by 13.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,744 shares of the technology company’s stock after selling 10,856 shares during the quarter. Fair Isaac makes up about 14.3% of Cypress Funds LLC’s portfolio, making the stock its 3rd biggest holding. Cypress Funds LLC owned 0.29% of Fair Isaac worth $106,802,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FICO. EntryPoint Capital LLC acquired a new stake in Fair Isaac in the 1st quarter valued at $25,000. Advisors Asset Management Inc. acquired a new stake in Fair Isaac in the 1st quarter valued at $26,000. OFI Invest Asset Management acquired a new stake in Fair Isaac in the 1st quarter valued at $31,000. Family Firm Inc. acquired a new stake in Fair Isaac in the 2nd quarter valued at $34,000. Finally, DSM Capital Partners LLC acquired a new stake in Fair Isaac in the 4th quarter valued at $37,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Stock Up 1.0 %

NYSE FICO opened at $1,730.27 on Monday. Fair Isaac Co. has a 52 week low of $811.99 and a 52 week high of $1,818.02. The business’s fifty day simple moving average is $1,623.63 and its 200-day simple moving average is $1,399.68. The firm has a market cap of $42.43 billion, a PE ratio of 90.83, a P/E/G ratio of 5.57 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 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.34). Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. The company had revenue of $447.85 million for the quarter, compared to analysts’ expectations of $448.53 million. Research analysts expect that Fair Isaac Co. will post 19.33 EPS for the current year.

Fair Isaac announced that its Board of Directors has initiated a share buyback program on Tuesday, July 30th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FICO shares. Wolfe Research started coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target on the stock. Needham & Company LLC lifted 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 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 note on Thursday, August 1st. Robert W. Baird lifted their target price on shares of 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. Finally, Barclays lifted their target price on shares of Fair Isaac from $1,500.00 to $1,800.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus target price of $1,515.82.

Insider Transactions at Fair Isaac

In related news, EVP Thomas A. Bowers sold 3,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the sale, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $9,895,392.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Thomas A. Bowers sold 3,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the sale, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $9,895,392.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Richard Deal sold 13,591 shares of the business’s 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 in the company, valued at $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 in the last quarter. Company insiders own 3.54% of the company’s stock.

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.