Fair Isaac Co. (NYSE:FICO) is GHP Investment Advisors Inc.’s 4th Largest Position

GHP Investment Advisors Inc. cut its stake in shares of Fair Isaac Co. (NYSE:FICO) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,813 shares of the technology company’s stock after selling 228 shares during the period. Fair Isaac comprises approximately 1.3% of GHP Investment Advisors Inc.’s investment portfolio, making the stock its 4th largest holding. GHP Investment Advisors Inc. owned 0.06% of Fair Isaac worth $28,790,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Fair Isaac by 1.3% in 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 last quarter. Price T Rowe Associates Inc. MD grew 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 buying an additional 174,397 shares during the period. International Assets Investment Management LLC increased its holdings in Fair Isaac by 189,461.6% during the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock worth $1,046,304,000 after buying an additional 538,071 shares during the last quarter. Principal Financial Group Inc. raised its position in Fair Isaac by 3.9% in the second quarter. Principal Financial Group Inc. now owns 370,605 shares of the technology company’s stock worth $551,706,000 after acquiring an additional 13,966 shares during the period. Finally, American Century Companies Inc. boosted its stake in Fair Isaac by 6.7% in 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. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Trading Up 0.3 %

Shares of FICO traded up $5.92 during midday trading on Friday, reaching $1,999.97. The stock had a trading volume of 139,798 shares, compared to its average volume of 171,224. The company’s 50-day moving average is $1,882.25 and its 200 day moving average is $1,579.30. The company has a market capitalization of $49.42 billion, a price-to-earnings ratio of 104.99, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $2,103.70.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) 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 company had revenue of $447.85 million for the quarter, compared to the consensus estimate of $448.53 million. Research analysts forecast that Fair Isaac Co. will post 19.33 EPS for the current fiscal year.

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

Analysts Set New Price Targets

FICO has been the topic of a number of research reports. The Goldman Sachs Group lifted their price target on shares of Fair Isaac from $1,879.00 to $2,130.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Wolfe Research began 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. Royal Bank of Canada lifted their price objective on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. UBS Group started coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective on the stock. Finally, Needham & Company LLC lifted their target price on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,787.08.

Insider Activity

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Mark R. Scadina sold 3,500 shares of the 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 owns 19,919 shares of the company’s stock, valued at approximately $34,144,751.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,261 shares of company stock valued at $26,291,370. 3.54% of the stock is currently owned by company 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.