Invesco LLC Sells 78 Shares of Fair Isaac Co. (NYSE:FICO)

Invesco LLC decreased its position in Fair Isaac Co. (NYSE:FICO) by 5.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,359 shares of the technology company’s stock after selling 78 shares during the quarter. Invesco LLC’s holdings in Fair Isaac were worth $2,023,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new position in Fair Isaac during the 1st quarter valued at approximately $25,000. Advisors Asset Management Inc. bought a new position in shares of Fair Isaac during the first quarter valued at $26,000. Tortoise Investment Management LLC raised its position in shares of Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares during the last quarter. OFI Invest Asset Management bought a new position in Fair Isaac in the 1st quarter worth about $31,000. Finally, Family Firm Inc. bought a new stake in Fair Isaac during the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analysts Set New Price Targets

FICO has been the topic of several analyst reports. Needham & Company LLC upped their target price on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Wolfe Research initiated coverage on Fair Isaac in a research note on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 target price on the stock. Robert W. Baird boosted their price target 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. Oppenheimer assumed coverage on Fair Isaac in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 price objective for the company. Finally, Barclays lifted their price target 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus price target of $1,553.42.

Fair Isaac Stock Up 2.4 %

Shares of Fair Isaac stock opened at $1,776.49 on Tuesday. The stock’s 50-day simple moving average is $1,655.70 and its 200-day simple moving average is $1,419.22. The company has a market capitalization of $43.56 billion, a price-to-earnings ratio of 93.25, a PEG ratio of 4.16 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.

Fair Isaac (NYSE:FICO) last posted 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 business 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, equities analysts expect that Fair Isaac Co. will post 19.25 earnings per share for the current year.

Fair Isaac declared that its board has approved a stock 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 reacquire 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 stock is undervalued.

Insider Transactions at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 completion of the sale, the executive vice president now owns 49,314 shares of the company’s stock, valued at approximately $67,772,230.20. The disclosure for this sale can be found here. Insiders have sold a total of 28,852 shares of company stock worth $44,969,481 in the last three months. Insiders own 3.54% of the company’s stock.

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.