Blue Trust Inc. Acquires 143 Shares of Fair Isaac Co. (NYSE:FICO)

Blue Trust Inc. lifted its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 65.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 360 shares of the technology company’s stock after purchasing an additional 143 shares during the period. Blue Trust Inc.’s holdings in Fair Isaac were worth $700,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. EntryPoint Capital LLC purchased a new position in Fair Isaac in the 1st quarter worth approximately $25,000. Tortoise Investment Management LLC raised its holdings in 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 buying an additional 9 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in Fair Isaac during the 1st quarter valued at $26,000. Family Firm Inc. purchased a new stake in Fair Isaac during the 2nd quarter valued at $34,000. Finally, Valley National Advisers Inc. bought a new stake in Fair Isaac in the 2nd quarter worth $52,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,994.36 on Tuesday. The stock has a market cap of $49.28 billion, a P/E ratio of 104.69, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. Fair Isaac Co. has a 1 year low of $811.99 and a 1 year high of $2,103.70. The firm has a 50-day moving average of $1,857.71 and a 200 day moving average of $1,557.00.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $4.99 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 during the quarter, compared to the consensus estimate of $448.53 million. Research analysts expect that Fair Isaac Co. will post 19.33 earnings per share for the current fiscal year.

Fair Isaac announced that its Board of Directors has approved a share repurchase program on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction dated Thursday, September 5th. The stock was 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 Securities & Exchange Commission, which is available at this link. In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the 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 filing with the SEC, which is available through this link. Also, EVP Thomas A. Bowers sold 3,000 shares of Fair Isaac stock in a transaction on 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 directly owns 5,769 shares of the company’s stock, valued at approximately $9,895,392.63. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,261 shares of company stock valued at $26,291,370. Insiders own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Robert W. Baird increased 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. Wells Fargo & Company increased their price objective on Fair Isaac from $2,100.00 to $2,200.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. UBS Group started coverage on Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 target price on the stock. Royal Bank of Canada raised their price target on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. Finally, Oppenheimer upped their price objective on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,787.08.

Fair Isaac Company 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.