Czech National Bank Boosts Stake in Fair Isaac Co. (NYSE:FICO)

Czech National Bank raised its holdings in Fair Isaac Co. (NYSE:FICO) by 6.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,994 shares of the technology company’s stock after acquiring an additional 285 shares during the quarter. Czech National Bank’s holdings in Fair Isaac were worth $9,706,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new position in Fair Isaac in the 2nd quarter valued at approximately $3,211,000. New Century Financial Group LLC purchased a new position in Fair Isaac in the 2nd quarter valued at approximately $520,000. Heartland Bank & Trust Co purchased a new position in Fair Isaac in the 2nd quarter valued at approximately $604,000. EP Wealth Advisors LLC boosted its position in Fair Isaac by 265.5% in the 2nd quarter. EP Wealth Advisors LLC now owns 6,209 shares of the technology company’s stock valued at $9,243,000 after buying an additional 4,510 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Fair Isaac by 6.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 280 shares of the technology company’s stock valued at $417,000 after buying an additional 17 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FICO shares. Royal Bank of Canada raised 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 report on Thursday, August 1st. Barclays raised their price objective on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a report on Friday, September 13th. The Goldman Sachs Group raised their price objective on shares of Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company raised their price objective on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Wolfe Research started coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,775.25.

Fair Isaac Trading Down 1.2 %

Shares of FICO traded down $22.57 during mid-day trading on Friday, hitting $1,913.38. 121,533 shares of the company’s stock were exchanged, compared to its average volume of 172,251. The firm has a market capitalization of $47.28 billion, a P/E ratio of 100.38, a P/E/G ratio of 4.69 and a beta of 1.35. Fair Isaac Co. has a fifty-two week low of $811.99 and a fifty-two week high of $1,962.96. The business’s 50 day moving average is $1,774.78 and its two-hundred day moving average is $1,495.34.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results 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 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, equities research analysts forecast that Fair Isaac Co. will post 19.19 earnings per share for the current year.

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

Insider Activity at Fair Isaac

In related news, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the transaction, the director now owns 13,002 shares in the company, valued at $22,065,174.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Fair Isaac news, EVP Mark R. Scadina sold 3,500 shares of the business’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 transaction of $5,999,630.00. Following the transaction, the executive vice president now owns 19,919 shares in the company, valued at approximately $34,144,751.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the transaction, the director now owns 13,002 shares in the company, valued at $22,065,174.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,261 shares of company stock worth $26,291,370 in the last quarter. Company insiders own 3.54% of the company’s stock.

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.