Natixis Advisors LLC Purchases New Shares in Fair Isaac Co. (NYSE:FICO)

Natixis Advisors LLC acquired a new stake in shares of Fair Isaac Co. (NYSE:FICO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 10,175 shares of the technology company’s stock, valued at approximately $15,147,000.

Several other institutional investors have also added to or reduced their stakes in FICO. Vanguard Group Inc. increased its position in shares of Fair Isaac by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after buying an additional 35,263 shares during the period. 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 valued at $1,076,268,000 after acquiring an additional 174,397 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Fair Isaac by 3.9% during the 2nd quarter. Principal Financial Group Inc. now owns 370,605 shares of the technology company’s stock worth $551,706,000 after acquiring an additional 13,966 shares during the period. Franklin Resources Inc. raised its position in shares of Fair Isaac by 25.2% in the 4th quarter. Franklin Resources Inc. now owns 283,565 shares of the technology company’s stock worth $330,072,000 after acquiring an additional 57,010 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Fair Isaac in the 4th quarter valued at approximately $259,509,000. 85.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fair Isaac

In other news, CFO Steven P. Weber sold 1,800 shares of Fair Isaac stock in a transaction that occurred 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 directly owns 575 shares in the company, valued at $997,625. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Fair Isaac news, EVP Richard Deal sold 13,591 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the transaction, the executive vice president now owns 49,314 shares of the company’s stock, valued at $67,772,230.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Steven P. Weber sold 1,800 shares of the firm’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 completion of 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. In the last 90 days, insiders have sold 24,891 shares of company stock worth $38,037,731. Company insiders own 3.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Needham & Company LLC increased their price objective on 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 raised shares of Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Royal Bank of Canada upped their price objective on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Oppenheimer started coverage on shares of Fair Isaac in a report on Tuesday. They set an “outperform” rating and a $1,967.00 target price for the company. Finally, Robert W. Baird upped their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,553.42.

Fair Isaac Trading Up 3.7 %

FICO stock opened at $1,751.25 on Thursday. The stock’s 50 day simple moving average is $1,639.65 and its 200 day simple moving average is $1,407.97. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,818.02. The stock has a market capitalization of $43.28 billion, a PE ratio of 91.93, a price-to-earnings-growth ratio of 5.57 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $448.53 million. On average, research analysts predict that Fair Isaac Co. will post 19.33 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 30th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management 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.