AQR Capital Management LLC Has $33.02 Million Stake in Fair Isaac Co. (NYSE:FICO)

AQR Capital Management LLC trimmed its holdings in Fair Isaac Co. (NYSE:FICO) by 42.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 22,180 shares of the technology company’s stock after selling 16,244 shares during the period. AQR Capital Management LLC’s holdings in Fair Isaac were worth $33,018,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Fair Isaac by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after acquiring an additional 35,263 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Fair Isaac by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after purchasing an additional 174,397 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Fair Isaac by 3.9% in the 2nd quarter. Principal Financial Group Inc. now owns 370,605 shares of the technology company’s stock valued at $551,706,000 after purchasing an additional 13,966 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Fair Isaac by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock valued at $514,523,000 after purchasing an additional 21,768 shares during the last quarter. Finally, Capital International Investors grew its position in Fair Isaac by 4.5% during the 1st quarter. Capital International Investors now owns 181,406 shares of the technology company’s stock worth $226,687,000 after acquiring an additional 7,884 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Steven P. Weber sold 1,800 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 575 shares of the company’s stock, valued at approximately $997,625. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Thomas A. Bowers sold 3,000 shares of the company’s 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 transaction, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at approximately $9,895,392.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 transaction, the chief financial officer now directly owns 575 shares in the company, valued at $997,625. The disclosure for this sale can be found here. Insiders have sold 15,261 shares of company stock valued at $26,291,370 in the last ninety days. 3.54% of the stock is owned by company insiders.

Fair Isaac Trading Down 0.2 %

Shares of FICO opened at $1,919.65 on Monday. The company has a market capitalization of $47.44 billion, a PE ratio of 100.77, a PEG ratio of 4.69 and a beta of 1.34. The stock’s 50-day moving average price is $1,748.03 and its two-hundred day moving average price is $1,478.96. Fair Isaac Co. has a 12 month low of $811.99 and a 12 month high of $1,962.83.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data 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 business 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%. Equities research analysts predict that Fair Isaac Co. will post 19.19 EPS for the current fiscal year.

Fair Isaac declared that its board has authorized a share repurchase program on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FICO. Royal Bank of Canada boosted their price objective on 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. Wolfe Research began coverage on Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price objective on the stock. Robert W. Baird boosted their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Oppenheimer began coverage on Fair Isaac in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price objective on the stock. Finally, Needham & Company LLC boosted their price objective on Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,660.18.

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.