Bridges Investment Management Inc. Has $563,000 Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Bridges Investment Management Inc. boosted its stake in Fair Isaac Co. (NYSE:FICO) by 62.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 378 shares of the technology company’s stock after purchasing an additional 146 shares during the quarter. Bridges Investment Management Inc.’s holdings in Fair Isaac were worth $563,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. EntryPoint Capital LLC bought a new position in shares of Fair Isaac in the first quarter valued at $25,000. Advisors Asset Management Inc. bought a new position in shares of Fair Isaac in the first quarter valued at $26,000. Tortoise Investment Management LLC lifted its stake 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. OFI Invest Asset Management bought a new position in shares of Fair Isaac in the first quarter valued at $31,000. Finally, Family Firm Inc. bought a new position in shares of Fair Isaac in the second quarter valued at $34,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FICO. Needham & Company LLC raised their price target on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Oppenheimer began coverage on shares of Fair Isaac in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price target on the stock. Robert W. Baird raised their price target on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Wolfe Research began coverage on shares of Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target on the stock. Finally, Barclays raised their price target on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. 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 given a strong buy rating to the company’s stock. According to MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and an average price target of $1,582.58.

Insider Transactions at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of Fair Isaac 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven P. Weber sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the transaction, the chief financial officer now directly owns 575 shares of the company’s stock, valued at approximately $997,625. The disclosure for this sale can be found here. Insiders sold 15,261 shares of company stock worth $26,291,370 over the last quarter. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Stock Up 0.3 %

FICO opened at $1,934.63 on Friday. The company has a market capitalization of $47.81 billion, a price-to-earnings ratio of 101.56, a PEG ratio of 4.41 and a beta of 1.34. The firm has a 50-day moving average price of $1,715.29 and a 200-day moving average price of $1,455.81. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month high of $1,951.40.

Fair Isaac (NYSE:FICO) last posted its earnings results 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 business had revenue of $447.85 million during the quarter, compared to analysts’ expectations of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. On average, sell-side analysts expect that Fair Isaac Co. will post 19.19 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has approved a stock repurchase 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.

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.