Fair Isaac Co. (NYSE:FICO) Shares Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. grew its holdings in Fair Isaac Co. (NYSE:FICO) by 12.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 426 shares of the technology company’s stock after buying an additional 48 shares during the period. Bridges Investment Management Inc.’s holdings in Fair Isaac were worth $828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Performance Advisors LLP acquired a new position in Fair Isaac during the third quarter worth $25,000. EntryPoint Capital LLC purchased a new position in shares of Fair Isaac during the 1st quarter worth $25,000. Tortoise Investment Management LLC boosted its position in shares of Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after acquiring an additional 9 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Fair Isaac in the first quarter valued at about $26,000. Finally, Family Firm Inc. acquired a new stake in Fair Isaac during the second quarter worth about $34,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the sale, the executive vice president now owns 5,769 shares in the company, valued at $9,895,392.63. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the completion of the transaction, the executive vice president now owns 5,769 shares in the company, valued at $9,895,392.63. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. Insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on FICO shares. Oppenheimer increased their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday. The Goldman Sachs Group lifted their target price on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group initiated coverage on Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target for the company. Finally, Needham & Company LLC boosted their price objective on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,964.92.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $2,332.29 on Friday. The firm’s 50-day moving average is $1,947.74 and its two-hundred day moving average is $1,644.51. Fair Isaac Co. has a 1 year low of $900.01 and a 1 year high of $2,351.98. The firm has a market capitalization of $56.79 billion, a PE ratio of 114.05, a price-to-earnings-growth ratio of 3.87 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, November 6th. The technology company reported $5.34 earnings per share for the quarter, missing the consensus estimate of $5.44 by ($0.10). Fair Isaac had a negative return on equity of 63.35% and a net margin of 29.86%. The business had revenue of $453.81 million for the quarter, compared to analysts’ expectations of $454.78 million. Analysts expect that Fair Isaac Co. will post 24.74 EPS for the current fiscal year.

Fair Isaac declared that its board has initiated a stock buyback program 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 shares through open market purchases. Shares buyback programs are generally an indication that the company’s board 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.