Xponance Inc. Has $7.63 Million Stake in Fair Isaac Co. (NYSE:FICO)

Xponance Inc. lowered its position in Fair Isaac Co. (NYSE:FICO) by 6.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,122 shares of the technology company’s stock after selling 333 shares during the period. Xponance Inc.’s holdings in Fair Isaac were worth $7,625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FICO. EntryPoint Capital LLC bought a new position in shares of Fair Isaac during the 1st quarter valued at $25,000. Advisors Asset Management Inc. bought a new position in Fair Isaac during the first quarter valued at about $26,000. Tortoise Investment Management LLC lifted 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 worth $30,000 after buying an additional 9 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Fair Isaac during the 1st quarter worth about $31,000. Finally, Family Firm Inc. bought a new position in shares of Fair Isaac in the 2nd quarter valued at approximately $34,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

NYSE FICO opened at $1,947.00 on Tuesday. The stock has a market cap of $48.11 billion, a PE ratio of 102.20, a P/E/G ratio of 4.41 and a beta of 1.34. The firm has a 50-day moving average of $1,722.43 and a 200-day moving average of $1,461.29. Fair Isaac Co. has a 52-week low of $811.99 and a 52-week high of $1,962.83.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.34). The company had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. As a group, analysts predict that Fair Isaac Co. will post 19.19 EPS 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 repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Barclays boosted 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. Needham & Company LLC increased their price objective on shares of 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. Oppenheimer initiated coverage on shares of Fair Isaac in a report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price objective for the company. Royal Bank of Canada increased 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 report on Thursday, August 1st. Finally, Robert W. Baird lifted their price objective on 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average target price of $1,582.58.

Insider Buying and Selling

In other Fair Isaac news, EVP Mark R. Scadina sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the sale, the executive vice president now owns 19,919 shares in the company, valued at $34,144,751.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Fair Isaac 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 value of $6,931,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark R. Scadina sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the transaction, the executive vice president now directly owns 19,919 shares in the company, valued at $34,144,751.42. The disclosure for this sale can be found here. Insiders sold a total of 15,261 shares of company stock worth $26,291,370 in the last three months. 3.54% of the stock is owned by corporate insiders.

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.