Dimensional Fund Advisors LP Increases Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Dimensional Fund Advisors LP grew its position in Fair Isaac Co. (NYSE:FICO) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,267 shares of the technology company’s stock after buying an additional 5,642 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Fair Isaac were worth $156,704,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Western Financial Corp CA increased its position 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 valued at $1,067,000 after buying an additional 9 shares in the last quarter. Tortoise Investment Management LLC increased its position in shares of Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 9 shares in the last quarter. Wealthcare Advisory Partners LLC increased 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 buying an additional 10 shares in the last quarter. GAMMA Investing LLC increased its position in Fair Isaac by 25.0% during the 2nd quarter. GAMMA Investing LLC now owns 55 shares of the technology company’s stock worth $82,000 after purchasing an additional 11 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in Fair Isaac by 17.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 89 shares of the technology company’s stock worth $132,000 after purchasing an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

NYSE FICO opened at $1,934.63 on Friday. The firm has a market capitalization of $47.81 billion, a P/E ratio of 101.56, a P/E/G ratio of 4.41 and a beta of 1.34. Fair Isaac Co. has a 1-year low of $811.99 and a 1-year high of $1,951.40. The business’s 50-day simple moving average is $1,708.37 and its 200-day simple moving average is $1,450.09.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.34). The firm had revenue of $447.85 million during the quarter, compared to analyst estimates of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. On average, equities research analysts expect that Fair Isaac Co. will post 19.19 EPS for the current fiscal year.

Fair Isaac announced that its board has initiated a stock repurchase program on Tuesday, July 30th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Joanna Rees sold 3,961 shares of the business’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 transaction 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 related news, Director Joanna Rees sold 3,961 shares of the business’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 transaction of $6,931,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Kirsner sold 3,000 shares of the business’s 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 value of $5,091,180.00. Following the transaction, the director now directly owns 13,002 shares in the company, valued at $22,065,174.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,261 shares of company stock valued at $26,291,370. Corporate insiders own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

FICO has been the subject of a number of recent research reports. Wells Fargo & Company upgraded Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Royal Bank of Canada lifted their price objective on 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. Wolfe Research initiated coverage on Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price objective for the company. Robert W. Baird lifted their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Oppenheimer initiated coverage on Fair Isaac in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,582.58.

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.