Ballentine Partners LLC Makes New Investment in Fair Isaac Co. (NYSE:FICO)

Ballentine Partners LLC bought a new stake in Fair Isaac Co. (NYSE:FICO) in the second quarter, Holdings Channel.com reports. The institutional investor bought 152 shares of the technology company’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Principal Securities Inc. acquired a new stake in shares of Fair Isaac during the fourth quarter worth approximately $118,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Fair Isaac by 8.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,618 shares of the technology company’s stock valued at $27,631,000 after acquiring an additional 1,983 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Fair Isaac by 0.8% during the 4th quarter. Panagora Asset Management Inc. now owns 1,219 shares of the technology company’s stock valued at $1,419,000 after acquiring an additional 10 shares in the last quarter. ING Groep NV increased its stake in shares of Fair Isaac by 40.4% in the fourth quarter. ING Groep NV now owns 4,383 shares of the technology company’s stock worth $5,102,000 after acquiring an additional 1,262 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Fair Isaac during the fourth quarter worth $259,509,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $1,862.08 on Friday. Fair Isaac Co. has a 52-week low of $811.99 and a 52-week high of $1,863.44. The firm has a market capitalization of $46.01 billion, a PE ratio of 97.75, a price-to-earnings-growth ratio of 4.16 and a beta of 1.34. The company’s fifty day moving average price is $1,673.87 and its two-hundred day moving average price is $1,428.74.

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 analysts’ consensus estimates of $5.33 by ($0.34). Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. The business had revenue of $447.85 million during the quarter, compared to the consensus estimate of $448.53 million. Analysts predict that Fair Isaac Co. will post 19.25 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 buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FICO shares. Oppenheimer began coverage on Fair Isaac in a research report on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 target price on the stock. Robert W. Baird increased their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Royal Bank of Canada lifted their target price on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Wolfe Research assumed coverage on shares of Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price for the company. Finally, Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,553.42.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction on Wednesday, August 7th. The stock was 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 of the company’s stock, valued at $22,065,174.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director James Kirsner sold 3,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark R. Scadina sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the completion of 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. Insiders have sold a total of 15,261 shares of company stock valued at $26,291,370 in the last 90 days. 3.54% of the stock is owned by corporate insiders.

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.