Cross Staff Investments Inc Buys 20 Shares of Fair Isaac Co. (NYSE:FICO)

Cross Staff Investments Inc grew its stake in Fair Isaac Co. (NYSE:FICO) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 370 shares of the technology company’s stock after purchasing an additional 20 shares during the period. Cross Staff Investments Inc’s holdings in Fair Isaac were worth $719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of FICO. EntryPoint Capital LLC bought a new stake in shares of Fair Isaac in the 1st quarter valued at approximately $25,000. Advisors Asset Management Inc. bought a new stake in Fair Isaac during the 1st quarter worth approximately $26,000. Tortoise Investment Management LLC grew its position in Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after acquiring an additional 9 shares during the last quarter. Family Firm Inc. bought a new stake in Fair Isaac during the 2nd quarter worth approximately $34,000. Finally, Covestor Ltd grew its position in Fair Isaac by 140.0% during the 1st quarter. Covestor Ltd now owns 36 shares of the technology company’s stock worth $46,000 after acquiring an additional 21 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Joanna Rees sold 3,961 shares of the firm’s 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 at this hyperlink. In related news, Director Joanna Rees sold 3,961 shares of the firm’s 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 at this hyperlink. Also, EVP Mark R. Scadina sold 3,500 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 19,919 shares in the company, valued at $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 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 company insiders.

Analyst Ratings Changes

A number of research firms recently commented on FICO. The Goldman Sachs Group increased their price target on Fair Isaac from $1,879.00 to $2,130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company increased their price target on Fair Isaac from $2,100.00 to $2,200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Wolfe Research started coverage on Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target on the stock. Oppenheimer increased their price objective on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, Robert W. Baird increased their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,787.08.

Fair Isaac Stock Down 0.2 %

FICO stock opened at $1,994.05 on Friday. The business’s fifty day moving average is $1,877.29 and its 200-day moving average is $1,574.02. The company has a market cap of $49.27 billion, a P/E ratio of 104.67, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month high of $2,103.70.

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 analysts’ consensus estimates 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%. Research analysts anticipate that Fair Isaac Co. will post 19.33 earnings per share for the current fiscal year.

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

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.