Emerald Advisers LLC Decreases Stake in Fair Isaac Co. (NYSE:FICO)

Emerald Advisers LLC trimmed its position in shares of Fair Isaac Co. (NYSE:FICO) by 1.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 390 shares of the technology company’s stock after selling 6 shares during the period. Emerald Advisers LLC’s holdings in Fair Isaac were worth $758,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FICO. EntryPoint Capital LLC acquired a new position in shares of Fair Isaac during the 1st quarter worth about $25,000. Advisors Asset Management Inc. purchased a new position in Fair Isaac in the first quarter valued at approximately $26,000. Tortoise Investment Management LLC raised its holdings in Fair Isaac by 81.8% during the second 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. Family Firm Inc. purchased a new stake in shares of Fair Isaac during the 2nd quarter worth approximately $34,000. Finally, Covestor Ltd boosted its holdings in shares of Fair Isaac by 140.0% in the 1st quarter. Covestor Ltd now owns 36 shares of the technology company’s stock valued at $46,000 after buying an additional 21 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Down 0.2 %

Shares of Fair Isaac stock opened at $1,988.91 on Monday. The firm has a market cap of $48.77 billion, a price-to-earnings ratio of 104.57, a price-to-earnings-growth ratio of 3.69 and a beta of 1.35. Fair Isaac Co. has a 52-week low of $879.69 and a 52-week high of $2,103.70. The company’s 50-day simple moving average is $1,907.66 and its 200-day simple moving average is $1,610.91.

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

Analyst Ratings Changes

Several equities research analysts recently commented on FICO shares. Royal Bank of Canada lifted their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. The Goldman Sachs Group boosted their target price on Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Wolfe Research assumed coverage on Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price for the company. Robert W. Baird boosted their price objective on 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, Needham & Company LLC raised their target price on shares of 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. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,787.08.

Insiders Place Their Bets

In other news, Director Joanna Rees sold 3,961 shares of the firm’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction that occurred 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 completion of the sale, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joanna Rees sold 3,961 shares of the company’s 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,261 shares of company stock worth $26,291,370. Company insiders own 3.54% of the company’s stock.

Fair Isaac Company 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.