Fair Isaac Co. (NYSE:FICO) Shares Sold by Ariel Investments LLC

Ariel Investments LLC lowered its stake in shares of Fair Isaac Co. (NYSE:FICO) by 10.1% during the second quarter, Holdings Channel reports. The fund owned 338 shares of the technology company’s stock after selling 38 shares during the quarter. Ariel Investments LLC’s holdings in Fair Isaac were worth $503,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FICO. D.A. Davidson & CO. boosted its stake in shares of Fair Isaac by 35.5% during the 4th quarter. D.A. Davidson & CO. now owns 466 shares of the technology company’s stock worth $542,000 after purchasing an additional 122 shares during the last quarter. Assetmark Inc. boosted its position in Fair Isaac by 119.6% during the fourth quarter. Assetmark Inc. now owns 112 shares of the technology company’s stock worth $130,000 after acquiring an additional 61 shares during the last quarter. Hsbc Holdings PLC grew its stake in Fair Isaac by 21.3% in the 4th quarter. Hsbc Holdings PLC now owns 42,026 shares of the technology company’s stock worth $48,890,000 after acquiring an additional 7,377 shares during the period. Capstone Investment Advisors LLC acquired a new position in Fair Isaac in the 4th quarter valued at $757,000. Finally, Bank of Nova Scotia lifted its stake in shares of Fair Isaac by 122.6% during the 4th quarter. Bank of Nova Scotia now owns 5,043 shares of the technology company’s stock worth $5,870,000 after purchasing an additional 2,778 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Up 0.7 %

Shares of NYSE FICO opened at $1,923.81 on Friday. The stock has a fifty day moving average price of $1,741.47 and a 200 day moving average price of $1,471.90. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,962.83. The company has a market cap of $47.54 billion, a P/E ratio of 100.99, a P/E/G ratio of 4.69 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last posted its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The company 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, sell-side analysts forecast that Fair Isaac Co. will post 19.19 EPS for the current fiscal year.

Fair Isaac announced that its Board of Directors has initiated a share repurchase plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Fair Isaac

In other news, CFO Steven P. Weber sold 1,800 shares of the company’s stock in a transaction on Friday, August 9th. The shares were 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 directly owns 575 shares in the company, 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 other news, Director James Kirsner sold 3,000 shares of the firm’s 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 owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven P. Weber sold 1,800 shares of Fair Isaac stock in a transaction on Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the completion of the sale, the chief financial officer now 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 valued at $26,291,370 over the last 90 days. 3.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FICO shares. Oppenheimer started coverage on Fair Isaac in a research report on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 price objective for the company. Wolfe Research initiated coverage on Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target for the company. Needham & Company LLC increased their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, Barclays upped their price target on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Fair Isaac has a consensus 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.