Sumitomo Mitsui DS Asset Management Company Ltd Has $4.15 Million Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Fair Isaac Co. (NYSE:FICO) by 14.8% in the 2nd quarter, Holdings Channel reports. The firm owned 2,785 shares of the technology company’s stock after buying an additional 360 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Fair Isaac were worth $4,146,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FICO. CWM LLC increased its position in shares of Fair Isaac by 22.4% in the 4th quarter. CWM LLC now owns 213 shares of the technology company’s stock valued at $248,000 after buying an additional 39 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Fair Isaac during the fourth quarter worth about $50,000. First Trust Direct Indexing L.P. lifted its holdings in shares of Fair Isaac by 6.4% during the 4th quarter. First Trust Direct Indexing L.P. now owns 417 shares of the technology company’s stock valued at $485,000 after purchasing an additional 25 shares in the last quarter. Heritage Wealth Management LLC acquired a new position in shares of Fair Isaac in the 4th quarter valued at approximately $340,000. Finally, First Horizon Advisors Inc. increased its stake in Fair Isaac by 28.1% during the 4th quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock worth $48,000 after purchasing an additional 9 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Richard Deal sold 13,591 shares of Fair Isaac stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the completion of the transaction, the executive vice president now owns 49,314 shares in the company, valued at $67,772,230.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Thomas A. Bowers sold 3,000 shares of the stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard Deal sold 13,591 shares of Fair Isaac stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the sale, the executive vice president now directly owns 49,314 shares of the company’s stock, valued at approximately $67,772,230.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,891 shares of company stock valued at $38,037,731. 3.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FICO shares. Wells Fargo & Company raised shares of Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Royal Bank of Canada upped their target price on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. Robert W. Baird lifted their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Wolfe Research started coverage on Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price objective for the company. Finally, Needham & Company LLC lifted their target price on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,515.82.

Fair Isaac Stock Up 1.0 %

NYSE:FICO opened at $1,730.27 on Friday. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month high of $1,818.02. The firm has a market capitalization of $42.76 billion, a price-to-earnings ratio of 90.83, a price-to-earnings-growth ratio of 4.26 and a beta of 1.34. The stock’s 50 day moving average price is $1,623.63 and its two-hundred day moving average price is $1,398.94.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The firm 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 anticipate that Fair Isaac Co. will post 19.73 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has initiated a stock buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.