Alta Advisers Ltd Purchases Shares of 50 Fair Isaac Co. (NYSE:FICO)

Alta Advisers Ltd purchased a new stake in shares of Fair Isaac Co. (NYSE:FICO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 50 shares of the technology company’s stock, valued at approximately $74,000.

A number of other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Fair Isaac during the fourth quarter valued at about $259,509,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Fair Isaac by 25.4% during 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 period. Principal Financial Group Inc. raised its holdings in shares of Fair Isaac by 30.2% during the first quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock valued at $445,660,000 after purchasing an additional 82,699 shares during the period. Putnam Investments LLC raised its holdings in shares of Fair Isaac by 111.3% during the fourth quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock valued at $177,975,000 after purchasing an additional 80,530 shares during the period. Finally, Westwind Capital raised its holdings in shares of Fair Isaac by 891.8% during the second quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock valued at $10,382,000 after purchasing an additional 62,710 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Up 0.4 %

FICO opened at $1,868.96 on Friday. The company has a 50 day moving average of $1,680.22 and a 200 day moving average of $1,432.77. The company has a market cap of $45.83 billion, a PE ratio of 98.11, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34. Fair Isaac Co. has a 12 month low of $811.99 and a 12 month high of $1,886.23.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 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 business had revenue of $447.85 million during the quarter, compared to the consensus estimate of $448.53 million. Research analysts forecast that Fair Isaac Co. will post 19.19 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of analyst reports. Wolfe Research initiated 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 on the stock. Barclays upped their target price on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Friday. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. Royal Bank of Canada upped 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. Finally, 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 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Fair Isaac has a consensus rating of “Moderate Buy” and an average price target of $1,582.58.

Insiders Place Their Bets

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the stock in a transaction that occurred 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 legal filing with the SEC, which is available through this link. In other news, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James Kirsner sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the sale, the director now owns 13,002 shares in the company, valued at approximately $22,065,174.12. The disclosure for this sale can be found here. Insiders have sold 15,261 shares of company stock worth $26,291,370 in the last three months. 3.54% of the stock is currently 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.