Courier Capital LLC Makes New $219,000 Investment in Fair Isaac Co. (NYSE:FICO)

Courier Capital LLC bought a new stake in Fair Isaac Co. (NYSE:FICO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 147 shares of the technology company’s stock, valued at approximately $219,000.

Several other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC lifted its position in Fair Isaac by 35.1% during the 4th quarter. Cerity Partners LLC now owns 504 shares of the technology company’s stock valued at $587,000 after acquiring an additional 131 shares during the period. Daiwa Securities Group Inc. increased its position in Fair Isaac by 8.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,261 shares of the technology company’s stock valued at $2,632,000 after buying an additional 175 shares in the last quarter. abrdn plc raised its stake in Fair Isaac by 33.1% during the fourth quarter. abrdn plc now owns 14,524 shares of the technology company’s stock valued at $16,906,000 after buying an additional 3,611 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Fair Isaac by 33.3% in the fourth quarter. Lindbrook Capital LLC now owns 60 shares of the technology company’s stock worth $70,000 after acquiring an additional 15 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Fair Isaac by 4.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,414 shares of the technology company’s stock worth $2,810,000 after purchasing an additional 93 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Stock Performance

Shares of NYSE FICO traded down $14.60 during trading on Thursday, hitting $1,737.00. The company had a trading volume of 33,095 shares, compared to its average volume of 178,862. The stock has a 50 day simple moving average of $1,572.15 and a 200 day simple moving average of $1,374.92. The firm has a market capitalization of $42.92 billion, a P/E ratio of 91.75, a price-to-earnings-growth ratio of 4.26 and a beta of 1.34. Fair Isaac Co. has a 12 month low of $811.99 and a 12 month high of $1,818.02.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, July 31st. The technology company reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The firm had revenue of $447.85 million for the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. As a group, analysts predict that Fair Isaac Co. will post 19.73 EPS for the current year.

Fair Isaac announced that its Board of Directors has initiated a stock repurchase plan 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 plans are often a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the business’s stock in a transaction on 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 owns 5,769 shares in the company, valued at approximately $9,895,392.63. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the transaction, the chief financial officer now directly owns 575 shares of the company’s stock, valued at $997,625. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Thomas A. Bowers sold 3,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were 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 approximately $9,895,392.63. The disclosure for this sale can be found here. Insiders sold 24,891 shares of company stock worth $38,037,731 in the last three months. 3.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FICO shares. Robert W. Baird increased their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Barclays raised 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 report on Wednesday, August 7th. Needham & Company LLC increased their price target on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Raymond James raised their price target on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada upped their price objective on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. One 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,515.82.

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.