Kathmere Capital Management LLC Has $871,000 Holdings in Fair Isaac Co. (NYSE:FICO)

Kathmere Capital Management LLC decreased its position in Fair Isaac Co. (NYSE:FICO) by 5.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 585 shares of the technology company’s stock after selling 31 shares during the period. Kathmere Capital Management LLC’s holdings in Fair Isaac were worth $871,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in Fair Isaac by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after acquiring an additional 174,397 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Fair Isaac by 30.2% during the first quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock worth $445,660,000 after purchasing an additional 82,699 shares during the last quarter. Putnam Investments LLC increased its stake in Fair Isaac by 111.3% in the 4th quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock valued at $177,975,000 after buying an additional 80,530 shares during the last quarter. Westwind Capital increased its stake in Fair Isaac by 891.8% in the 2nd quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock valued at $10,382,000 after buying an additional 62,710 shares during the last quarter. Finally, Spear Holdings RSC Ltd bought a new position in shares of Fair Isaac in the 1st quarter valued at about $69,478,000. 85.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FICO has been the subject of a number of analyst reports. Needham & Company LLC raised their price target 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. Wells Fargo & Company raised shares of Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Royal Bank of Canada lifted their price objective on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. Wolfe Research began coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price on the stock. Finally, Barclays boosted their price target on 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 issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,582.58.

Insider Transactions at Fair Isaac

In other news, EVP Thomas A. Bowers sold 3,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the completion of the transaction, the executive vice president now owns 5,769 shares of the company’s stock, valued at $9,895,392.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the chief financial officer now owns 575 shares in the company, valued at approximately $997,625. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thomas A. Bowers sold 3,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the transaction, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $9,895,392.63. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,261 shares of company stock worth $26,291,370. Insiders own 3.54% of the company’s stock.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,919.08 on Friday. Fair Isaac Co. has a fifty-two week low of $811.99 and a fifty-two week high of $1,962.83. The stock has a market capitalization of $47.42 billion, a PE ratio of 100.74, a P/E/G ratio of 4.69 and a beta of 1.34. The business has a fifty day moving average price of $1,748.03 and a two-hundred day moving average price of $1,476.31.

Fair Isaac (NYSE:FICO) last released 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). Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. The business had revenue of $447.85 million during the quarter, compared to the consensus estimate of $448.53 million. On average, equities analysts expect that Fair Isaac Co. will post 19.19 EPS for the current year.

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

About Fair Isaac

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.