Fair Isaac Co. (NYSE:FICO) Short Interest Update

Fair Isaac Co. (NYSE:FICO) saw a significant increase in short interest in September. As of September 15th, there was short interest totalling 620,000 shares, an increase of 5.2% from the August 31st total of 589,400 shares. Based on an average daily volume of 164,000 shares, the days-to-cover ratio is presently 3.8 days. Currently, 2.6% of the shares of the company are sold short.

Insider Activity

In other 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 value 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Steven P. Weber sold 1,800 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the sale, the chief financial officer now owns 575 shares of the company’s stock, valued at approximately $997,625. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James Kirsner sold 3,000 shares of the business’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 approximately $22,065,174.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fair Isaac

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC bought a new position in Fair Isaac in the 1st quarter valued at approximately $25,000. Advisors Asset Management Inc. bought a new position in shares of Fair Isaac during the 1st quarter valued at $26,000. Tortoise Investment Management LLC lifted its holdings 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 buying an additional 9 shares during the period. OFI Invest Asset Management bought a new position in shares of Fair Isaac during the 1st quarter valued at $31,000. Finally, Family Firm Inc. bought a new position in shares of Fair Isaac during the 2nd quarter valued at $34,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Down 1.6 %

Fair Isaac stock opened at $1,912.65 on Wednesday. The company has a market capitalization of $47.26 billion, a P/E ratio of 100.40, a PEG ratio of 4.69 and a beta of 1.34. The stock’s 50 day moving average is $1,759.99 and its 200 day moving average is $1,489.11. Fair Isaac has a twelve month low of $811.99 and a twelve month high of $1,962.96.

Fair Isaac (NYSE:FICO) last posted its quarterly 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 company had revenue of $447.85 million during the quarter, compared to analysts’ expectations of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. As a group, equities analysts expect that Fair Isaac will post 19.19 EPS for the current year.

Fair Isaac declared that its board has initiated a stock repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Robert W. Baird boosted their target price on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Wolfe Research initiated coverage on Fair Isaac in a report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target on the stock. Oppenheimer initiated coverage on Fair Isaac in a report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average price target of $1,705.17.

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.