Fair Isaac Co. (NYSE:FICO) is GHP Investment Advisors Inc.’s 9th Largest Position

GHP Investment Advisors Inc. trimmed its position in shares of Fair Isaac Co. (NYSE:FICO) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,041 shares of the technology company’s stock after selling 377 shares during the period. Fair Isaac comprises about 1.1% of GHP Investment Advisors Inc.’s portfolio, making the stock its 9th biggest position. GHP Investment Advisors Inc. owned 0.06% of Fair Isaac worth $22,391,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Fair Isaac during the 4th quarter worth about $259,509,000. Price T Rowe Associates Inc. MD increased its stake in Fair Isaac by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after purchasing an additional 174,397 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Fair Isaac by 30.2% during the first quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock worth $445,660,000 after purchasing an additional 82,699 shares in the last quarter. Putnam Investments LLC lifted its position in shares of Fair Isaac by 111.3% during the 4th quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock worth $177,975,000 after buying an additional 80,530 shares during the last quarter. Finally, Westwind Capital boosted its holdings in shares of Fair Isaac by 891.8% in the 2nd quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock valued at $10,382,000 after buying an additional 62,710 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FICO shares. Wolfe Research initiated coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target on the stock. Needham & Company LLC lifted their target price on Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Barclays raised their price target on Fair Isaac from $1,500.00 to $1,800.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Oppenheimer began coverage on Fair Isaac in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 price objective for the company. Finally, Royal Bank of Canada increased 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and an average target price of $1,553.42.

Fair Isaac Stock Performance

Shares of FICO opened at $1,862.08 on Friday. Fair Isaac Co. has a 1 year low of $811.99 and a 1 year high of $1,863.44. The stock has a market capitalization of $45.66 billion, a P/E ratio of 97.75, a P/E/G ratio of 4.41 and a beta of 1.34. The company’s fifty day moving average is $1,673.87 and its two-hundred day moving average is $1,428.74.

Fair Isaac (NYSE:FICO) last posted 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). Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. The firm had revenue of $447.85 million for the quarter, compared to analysts’ expectations of $448.53 million. Sell-side analysts predict that Fair Isaac Co. will post 19.19 EPS for the current year.

Fair Isaac announced that its board has initiated a share buyback plan on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac 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 document filed with the SEC, which can be accessed through the SEC website. In other Fair Isaac news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the sale, the chief financial officer now owns 575 shares in the company, valued at approximately $997,625. The disclosure for this sale can be found here. In the last three months, insiders sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is owned by corporate insiders.

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.