Bokf Na Cuts Stock Position in Fair Isaac Co. (NYSE:FICO)

Bokf Na decreased its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,504 shares of the technology company’s stock after selling 126 shares during the quarter. Bokf Na’s holdings in Fair Isaac were worth $3,728,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the transaction, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,261 shares of company stock worth $26,291,370 in the last three months. 3.54% of the stock is owned by company insiders.

Fair Isaac Price Performance

NYSE:FICO opened at $1,868.96 on Friday. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,886.23. The business has a 50 day simple moving average of $1,680.22 and a 200 day simple moving average of $1,432.77. The firm has a market capitalization of $45.83 billion, a P/E ratio of 98.11, a P/E/G ratio of 4.41 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last announced 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). The firm had revenue of $447.85 million during the quarter, compared to analyst estimates of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. Research analysts anticipate that Fair Isaac Co. will post 19.19 EPS for the current fiscal year.

Fair Isaac announced that its Board of Directors has approved a stock repurchase program on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of recent research reports. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Needham & Company LLC upped their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Oppenheimer started coverage on Fair Isaac in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 target price on the stock. Wolfe Research started coverage on Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target for the company. Finally, Royal Bank of Canada lifted their price objective on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,582.58.

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.