Fair Isaac Co. (NYSE:FICO) is Boston Financial Mangement LLC’s 4th Largest Position

Boston Financial Mangement LLC increased its stake in Fair Isaac Co. (NYSE:FICO) by 0.9% in the second quarter, HoldingsChannel.com reports. The firm owned 81,902 shares of the technology company’s stock after acquiring an additional 751 shares during the quarter. Fair Isaac accounts for 3.9% of Boston Financial Mangement LLC’s portfolio, making the stock its 4th largest position. Boston Financial Mangement LLC’s holdings in Fair Isaac were worth $121,924,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in Fair Isaac in the 1st quarter valued at about $25,000. Advisors Asset Management Inc. acquired a new position in shares of Fair Isaac in the first quarter valued at approximately $26,000. Family Firm Inc. purchased a new position in shares of Fair Isaac during the second quarter valued at approximately $34,000. OFI Invest Asset Management acquired a new stake in Fair Isaac during the first quarter worth approximately $31,000. Finally, DSM Capital Partners LLC purchased a new stake in Fair Isaac in the 4th quarter worth approximately $37,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FICO shares. Royal Bank of Canada raised 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. Needham & Company LLC raised their price target on 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. Robert W. Baird lifted their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, Wolfe Research started coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,515.82.

Fair Isaac Price Performance

NYSE FICO traded up $16.98 during mid-day trading on Friday, hitting $1,730.27. The company’s stock had a trading volume of 119,451 shares, compared to its average volume of 177,603. The firm has a market capitalization of $42.76 billion, a P/E ratio of 90.83, a price-to-earnings-growth ratio of 4.26 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. The stock’s fifty day simple moving average is $1,623.63 and its two-hundred day simple moving average is $1,398.04.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.34). The business had revenue of $447.85 million during the quarter, compared to analyst estimates of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. On average, equities analysts forecast that Fair Isaac Co. will post 19.73 earnings per share for the current fiscal year.

Fair Isaac declared that its board has initiated a share buyback plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Fair Isaac

In related news, EVP Richard Deal sold 13,591 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the transaction, the executive vice president now owns 49,314 shares in the company, valued at $67,772,230.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Fair Isaac news, EVP Mark R. Scadina sold 3,500 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the completion of the sale, the executive vice president now owns 19,919 shares in the company, valued at $34,144,751.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 sale, the executive vice president now directly 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 sold a total of 24,891 shares of company stock valued at $38,037,731 in the last ninety days. Insiders own 3.54% of the company’s stock.

Fair Isaac 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.