Fair Isaac Co. (NYSE:FICO) Short Interest Down 17.7% in August

Fair Isaac Co. (NYSE:FICO) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 589,400 shares, a drop of 17.7% from the August 15th total of 716,200 shares. Based on an average daily volume of 163,700 shares, the days-to-cover ratio is presently 3.6 days. Approximately 2.5% of the company’s shares are sold short.

Insiders Place Their Bets

In related 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 value of $6,931,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of Fair Isaac 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 value of $6,931,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Kirsner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the transaction, the director now owns 13,002 shares in the company, valued at $22,065,174.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC bought a new stake in shares of Fair Isaac in the 1st quarter worth approximately $25,000. Tortoise Investment Management LLC lifted its position 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 last quarter. Advisors Asset Management Inc. bought a new position in shares of Fair Isaac during the 1st quarter worth $26,000. Family Firm Inc. purchased a new stake in Fair Isaac in the 2nd quarter worth about $34,000. Finally, OFI Invest Asset Management bought a new stake in Fair Isaac in the 1st quarter valued at about $31,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FICO shares. Oppenheimer started coverage on shares of Fair Isaac in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price objective on the stock. Royal Bank of Canada boosted their price objective on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. Barclays increased their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Robert W. Baird boosted their price target on shares of 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, 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 objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,582.58.

Fair Isaac Stock Down 0.5 %

Shares of NYSE FICO opened at $1,886.08 on Wednesday. The company has a market capitalization of $46.61 billion, a PE ratio of 99.01, a PEG ratio of 4.41 and a beta of 1.34. The stock’s 50 day moving average price is $1,687.50 and its 200-day moving average price is $1,439.39. Fair Isaac has a twelve month low of $811.99 and a twelve month high of $1,907.49.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 earnings per share 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 business had revenue of $447.85 million during the quarter, compared to analysts’ expectations of $448.53 million. As a group, research analysts expect that Fair Isaac 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 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 typically an indication that the company’s board believes its stock is undervalued.

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.