Heritage Family Offices LLP Buys 5 Shares of Fair Isaac Co. (NYSE:FICO)

Heritage Family Offices LLP grew its stake in Fair Isaac Co. (NYSE:FICO) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256 shares of the technology company’s stock after acquiring an additional 5 shares during the period. Heritage Family Offices LLP’s holdings in Fair Isaac were worth $498,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FICO. Vanguard Group Inc. lifted its position in shares of Fair Isaac by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after purchasing an additional 35,263 shares during the period. Price T Rowe Associates Inc. MD lifted its position in 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 valued at $1,076,268,000 after acquiring an additional 174,397 shares during the last quarter. Principal Financial Group Inc. lifted its position in Fair Isaac by 3.9% during the second quarter. Principal Financial Group Inc. now owns 370,605 shares of the technology company’s stock valued at $551,706,000 after acquiring an additional 13,966 shares during the last quarter. American Century Companies Inc. lifted its position in Fair Isaac by 6.7% during the second quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock valued at $514,523,000 after acquiring an additional 21,768 shares during the last quarter. Finally, Capital International Investors lifted its position in Fair Isaac by 4.5% during the first quarter. Capital International Investors now owns 181,406 shares of the technology company’s stock valued at $226,687,000 after acquiring an additional 7,884 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction that occurred 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 can be accessed through the SEC website. In other news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction that occurred on 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 accessible through this hyperlink. Also, EVP Mark R. Scadina sold 3,500 shares of Fair Isaac stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the sale, the executive vice president now directly owns 19,919 shares in the company, valued at approximately $34,144,751.42. The trade was a 0.00 % decrease in their position. 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 corporate insiders.

Fair Isaac Trading Down 0.4 %

Shares of Fair Isaac stock opened at $2,051.78 on Thursday. The firm’s 50-day moving average price is $1,846.82 and its 200 day moving average price is $1,544.28. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month high of $2,103.70. The firm has a market capitalization of $50.70 billion, a PE ratio of 107.70, a P/E/G ratio of 3.78 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last released 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 negative return on equity of 60.67% and a net margin of 28.94%. The business had revenue of $447.85 million during the quarter, compared to analysts’ expectations of $448.53 million. On average, sell-side analysts predict that Fair Isaac Co. will post 19.33 EPS for the current fiscal year.

Fair Isaac announced that its board has authorized a stock buyback plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FICO. Royal Bank of Canada increased 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 report on Thursday, August 1st. Needham & Company LLC raised their price target on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. UBS Group initiated coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target for the company. Wells Fargo & Company raised their price target on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, Barclays raised their price target on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,787.08.

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.