Gateway Advisory LLC Increases Position in Fair Isaac Co. (NYSE:FICO)

Gateway Advisory LLC raised its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 6.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 498 shares of the technology company’s stock after purchasing an additional 30 shares during the period. Gateway Advisory LLC’s holdings in Fair Isaac were worth $741,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FICO. Morse Asset Management Inc purchased a new stake in Fair Isaac during the 2nd quarter valued at about $592,000. Bank of Montreal Can lifted its stake in shares of Fair Isaac by 3.0% in the second quarter. Bank of Montreal Can now owns 23,872 shares of the technology company’s stock worth $36,017,000 after buying an additional 697 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Fair Isaac by 5.8% during the second quarter. Evergreen Capital Management LLC now owns 256 shares of the technology company’s stock valued at $381,000 after buying an additional 14 shares during the last quarter. Public Sector Pension Investment Board increased its position in shares of Fair Isaac by 65.0% during the second quarter. Public Sector Pension Investment Board now owns 942 shares of the technology company’s stock valued at $1,402,000 after acquiring an additional 371 shares in the last quarter. Finally, DRW Securities LLC bought a new stake in shares of Fair Isaac during the second quarter valued at approximately $414,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of Fair Isaac 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 owns 575 shares of the company’s stock, valued at $997,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Thomas A. Bowers sold 3,000 shares of Fair Isaac stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the sale, the executive vice president now owns 5,769 shares of the company’s stock, valued at approximately $9,895,392.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven P. Weber sold 1,800 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 575 shares of the company’s stock, valued at $997,625. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is owned by company insiders.

Fair Isaac Trading Up 0.6 %

FICO opened at $1,947.00 on Tuesday. The firm’s 50 day simple moving average is $1,722.43 and its two-hundred day simple moving average is $1,461.29. The company has a market capitalization of $48.11 billion, a PE ratio of 102.20, a PEG 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 $1,962.83.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, July 31st. The technology company reported $4.99 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $447.85 million during the quarter, compared to the consensus estimate of $448.53 million. Equities analysts forecast 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 authorized a share buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to buy 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.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Needham & Company LLC increased their target price on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Barclays increased their price objective on 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. Wolfe Research started 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. Royal Bank of Canada raised their price target on shares of 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. Finally, Robert W. Baird boosted their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,582.58.

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.