Fair Isaac (NYSE:FICO) Hits New 1-Year High at $1,818.84

Fair Isaac Co. (NYSE:FICO)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $1,818.84 and last traded at $1,818.53, with a volume of 70587 shares trading hands. The stock had previously closed at $1,797.28.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wells Fargo & Company upgraded Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. Robert W. Baird upped their target price on shares of 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. Barclays raised their target price on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a report on Friday. Royal Bank of Canada boosted 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. Finally, Wolfe Research started coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective on the stock. One investment 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,582.58.

Fair Isaac Stock Up 0.4 %

The business’s 50-day moving average is $1,673.87 and its two-hundred day moving average is $1,428.74. The stock has a market capitalization of $45.83 billion, a PE ratio of 98.21, a PEG ratio of 4.41 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last posted its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.34). The firm had revenue of $447.85 million during the quarter, compared to analysts’ expectations of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. As a group, analysts anticipate that Fair Isaac Co. will post 19.19 EPS for the current year.

Fair Isaac declared that its Board of Directors has initiated a share repurchase 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 purchase 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 Activity

In other news, Director James Kirsner sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the completion of the sale, the director now directly owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the completion of the transaction, the director now directly owns 13,002 shares in the company, valued at $22,065,174.12. The disclosure for this sale can be found here. Insiders have sold 15,261 shares of company stock valued at $26,291,370 in the last ninety days. 3.54% of the stock is currently owned by company insiders.

Institutional Trading of Fair Isaac

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

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.