Brighton Jones LLC Boosts Stake in Fair Isaac Co. (NYSE:FICO)

Brighton Jones LLC raised its position in shares of Fair Isaac Co. (NYSE:FICO) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 438 shares of the technology company’s stock after buying an additional 13 shares during the quarter. Brighton Jones LLC’s holdings in Fair Isaac were worth $652,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Carolinas Wealth Consulting LLC purchased a new stake in Fair Isaac in the 2nd quarter worth about $63,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Fair Isaac by 24.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,674 shares of the technology company’s stock worth $3,976,000 after buying an additional 524 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of Fair Isaac by 5.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 779 shares of the technology company’s stock worth $1,159,000 after acquiring an additional 43 shares during the last quarter. Meiji Yasuda Life Insurance Co boosted its holdings in Fair Isaac by 21.3% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 679 shares of the technology company’s stock valued at $1,011,000 after acquiring an additional 119 shares during the period. Finally, E Fund Management Co. Ltd. grew its position in Fair Isaac by 40.5% in the 2nd quarter. E Fund Management Co. Ltd. now owns 288 shares of the technology company’s stock valued at $429,000 after acquiring an additional 83 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Up 0.3 %

Shares of NYSE FICO opened at $1,934.63 on Friday. The stock has a market capitalization of $47.81 billion, a PE ratio of 101.56, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,951.40. The stock’s fifty day simple moving average is $1,715.29 and its two-hundred day simple moving average is $1,455.81.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data 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 company had revenue of $447.85 million for the quarter, compared to the consensus estimate 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 analysts predict that Fair Isaac Co. will post 19.19 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has initiated a share buyback plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Fair Isaac

In related news, CFO Steven P. Weber sold 1,800 shares of the 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 transaction of $3,123,000.00. Following the completion of the sale, the chief financial officer now owns 575 shares of the company’s stock, valued at $997,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the completion of the sale, the executive vice president now owns 5,769 shares of the company’s stock, valued at $9,895,392.63. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Steven P. Weber sold 1,800 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the transaction, the chief financial officer now owns 575 shares in the company, valued at approximately $997,625. The disclosure for this sale can be found here. Insiders have sold a total of 15,261 shares of company stock valued at $26,291,370 in the last 90 days. Insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on FICO shares. Wolfe Research initiated coverage on Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 target price for the company. Needham & Company LLC boosted their price objective on shares of 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. 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 boosted their price target on 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. Finally, Oppenheimer began coverage on Fair Isaac in a report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,582.58.

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.