Fair Isaac Co. (NYSE:FICO) Short Interest Update

Fair Isaac Co. (NYSE:FICO) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 589,400 shares, a decline of 17.7% from the August 15th total of 716,200 shares. Based on an average trading volume of 163,700 shares, the short-interest ratio is currently 3.6 days. Currently, 2.5% of the shares of the stock are short sold.

Fair Isaac Trading Down 0.5 %

NYSE:FICO opened at $1,886.08 on Wednesday. The stock has a market capitalization of $46.61 billion, a price-to-earnings ratio of 98.92, a PEG ratio of 4.41 and a beta of 1.34. The firm has a fifty day simple moving average of $1,687.50 and a two-hundred day simple moving average of $1,439.39. Fair Isaac has a 12 month low of $811.99 and a 12 month high of $1,907.49.

Fair Isaac (NYSE:FICO) last released 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). Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. The company had revenue of $447.85 million for the quarter, compared to the consensus estimate of $448.53 million. Equities analysts predict that Fair Isaac will post 19.19 earnings per share for the current fiscal year.

Fair Isaac declared that its board has authorized a stock buyback program 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 stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 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 disclosure for this sale can be found here. Insiders have sold a total of 15,261 shares of company stock worth $26,291,370 over the last 90 days. Insiders own 3.54% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FICO. EntryPoint Capital LLC bought a new position in Fair Isaac in the 1st quarter valued at about $25,000. Advisors Asset Management Inc. purchased a new position in shares of Fair Isaac during the first quarter valued at approximately $26,000. Tortoise Investment Management LLC grew its holdings in Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after buying an additional 9 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Fair Isaac in the 1st quarter valued at $31,000. Finally, Family Firm Inc. bought a new position in Fair Isaac during the 2nd quarter valued at $34,000. 85.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of recent research reports. Robert W. Baird lifted their price target on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Needham & Company LLC lifted their target price 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. Wolfe Research assumed coverage on Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target for the company. Barclays upped their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Finally, Royal Bank of Canada raised their price target 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. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,582.58.

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.