814 Shares in Fair Isaac Co. (NYSE:FICO) Purchased by Certuity LLC

Certuity LLC acquired a new position in shares of Fair Isaac Co. (NYSE:FICO) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 814 shares of the technology company’s stock, valued at approximately $1,212,000.

A number of other hedge funds have also made changes to their positions in FICO. Western Financial Corp CA lifted its stake in shares of Fair Isaac by 1.3% in the second quarter. Western Financial Corp CA now owns 717 shares of the technology company’s stock worth $1,067,000 after buying an additional 9 shares in the last quarter. Tortoise Investment Management LLC lifted its stake in 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 in the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Fair Isaac by 0.8% during the 4th quarter. Panagora Asset Management Inc. now owns 1,219 shares of the technology company’s stock worth $1,419,000 after purchasing an additional 10 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Fair Isaac by 3.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock valued at $407,000 after purchasing an additional 10 shares in the last quarter. Finally, Lincoln National Corp increased its holdings in shares of Fair Isaac by 2.8% in the fourth quarter. Lincoln National Corp now owns 399 shares of the technology company’s stock valued at $464,000 after purchasing an additional 11 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on FICO shares. Oppenheimer assumed coverage on Fair Isaac in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 target price for the company. Royal Bank of Canada raised their price objective on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Barclays boosted their target price on shares of Fair Isaac from $1,500.00 to $1,800.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, Robert W. Baird upped their price objective 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. 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,553.42.

Fair Isaac Trading Down 1.3 %

FICO opened at $1,734.01 on Friday. The stock’s 50-day moving average price is $1,650.13 and its 200 day moving average price is $1,414.60. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,818.02. The firm has a market cap of $42.85 billion, a price-to-earnings ratio of 91.02, a PEG ratio of 5.57 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results 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 for 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, research analysts forecast that Fair Isaac Co. will post 19.33 earnings per share for the current year.

Fair Isaac announced that its board has authorized a share buyback plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Fair Isaac

In other news, EVP Richard Deal sold 13,591 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 49,314 shares in the company, valued at $67,772,230.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Richard Deal sold 13,591 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $67,772,230.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Kirsner sold 3,000 shares of Fair Isaac 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 transaction of $5,091,180.00. Following the completion of the transaction, the director now owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. The disclosure for this sale can be found here. Insiders sold 24,891 shares of company stock valued at $38,037,731 in the last 90 days. Company 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.