J.W. Cole Advisors Inc. Makes New $256,000 Investment in Fair Isaac Co. (NYSE:FICO)

J.W. Cole Advisors Inc. purchased a new position in Fair Isaac Co. (NYSE:FICO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 172 shares of the technology company’s stock, valued at approximately $256,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FICO. Norges Bank purchased a new position in shares of Fair Isaac in the fourth quarter worth $259,509,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Fair Isaac by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after purchasing an additional 174,397 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Fair Isaac by 30.2% during the first quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock worth $445,660,000 after purchasing an additional 82,699 shares during the last quarter. Putnam Investments LLC raised its holdings in shares of Fair Isaac by 111.3% during the fourth quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock worth $177,975,000 after purchasing an additional 80,530 shares during the last quarter. Finally, Westwind Capital raised its holdings in shares of Fair Isaac by 891.8% during the second quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock worth $10,382,000 after purchasing an additional 62,710 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Up 0.8 %

Shares of NYSE FICO opened at $1,900.33 on Thursday. The company’s 50-day simple moving average is $1,693.81 and its 200-day simple moving average is $1,443.55. Fair Isaac Co. has a 52-week low of $811.99 and a 52-week high of $1,915.00. The firm has a market cap of $46.96 billion, a price-to-earnings ratio of 99.75, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34.

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

Fair Isaac declared that its Board of Directors has approved a share repurchase program on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. In related news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. Also, EVP Mark R. Scadina sold 3,500 shares of Fair Isaac stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the transaction, the executive vice president now directly owns 19,919 shares in the company, valued at $34,144,751.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Royal Bank of Canada raised their target price 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. Wolfe Research assumed coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 target price for the company. Robert W. Baird raised 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 report on Thursday, August 1st. Oppenheimer assumed coverage on shares of Fair Isaac in a report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 target price for the company. Finally, Needham & Company LLC raised their price target 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus 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.