Family Firm Inc. Invests $34,000 in Fair Isaac Co. (NYSE:FICO)

Family Firm Inc. purchased a new stake in shares of Fair Isaac Co. (NYSE:FICO) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 23 shares of the technology company’s stock, valued at approximately $34,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Fair Isaac by 1.3% during the first 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 increased its stake in Fair Isaac by 25.4% in the 1st 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 buying an additional 174,397 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Fair Isaac by 30.2% during the 1st quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock worth $445,660,000 after buying an additional 82,699 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Fair Isaac by 25.2% in the 4th quarter. Franklin Resources Inc. now owns 283,565 shares of the technology company’s stock worth $330,072,000 after buying an additional 57,010 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Fair Isaac in the fourth quarter valued at approximately $259,509,000. 85.75% of the stock is owned by institutional investors.

Insider Activity

In other Fair Isaac news, Director James Kirsner sold 3,000 shares of the 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 value of $5,091,180.00. Following the sale, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the sale, the chief financial officer now owns 575 shares in the company, valued at approximately $997,625. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction dated 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 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. Insiders have sold a total of 24,891 shares of company stock worth $38,037,731 over the last ninety days. Company insiders own 3.54% of the company’s stock.

Fair Isaac Stock Up 0.5 %

FICO traded up $8.22 on Friday, hitting $1,745.38. The company’s stock had a trading volume of 72,889 shares, compared to its average volume of 178,505. Fair Isaac Co. has a 12 month low of $811.99 and a 12 month high of $1,818.02. The firm has a market cap of $43.13 billion, a P/E ratio of 91.62, a price-to-earnings-growth ratio of 4.26 and a beta of 1.34. The company’s 50 day simple moving average is $1,593.96 and its 200-day simple moving average is $1,383.45.

Fair Isaac (NYSE:FICO) last posted 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). The company had revenue of $447.85 million during the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. Equities analysts predict that Fair Isaac Co. will post 19.73 earnings per share for the current fiscal year.

Fair Isaac announced that its Board of Directors has initiated a stock buyback program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to buy up to 2.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays boosted their price objective on Fair Isaac from $1,500.00 to $1,800.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Robert W. Baird raised their price objective 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. Raymond James boosted their target price on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Needham & Company LLC increased their target price on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Wolfe Research started coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,515.82.

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.