Certuity LLC Purchases Shares of 814 Fair Isaac Co. (NYSE:FICO)

Certuity LLC acquired a new position in shares of Fair Isaac Co. (NYSE:FICO) during the second quarter, HoldingsChannel reports. The institutional investor acquired 814 shares of the technology company’s stock, valued at approximately $1,212,000.

Other institutional investors have also modified their holdings of the company. Commerce Bank lifted its position in Fair Isaac by 704.8% in the first quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock valued at $7,603,000 after acquiring an additional 5,328 shares during the last quarter. Seven Eight Capital LP lifted its holdings in shares of Fair Isaac by 140.0% in the 4th quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock valued at $1,676,000 after purchasing an additional 840 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Fair Isaac by 44.5% in the 1st quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock valued at $36,883,000 after purchasing an additional 9,094 shares during the period. Vanguard Group Inc. grew its stake in Fair Isaac by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after buying an additional 35,263 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased 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 worth $1,076,268,000 after buying an additional 174,397 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Activity

In related news, EVP Thomas A. Bowers sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the sale, the executive vice president now owns 5,769 shares in the company, valued at approximately $9,895,392.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the sale, the chief financial officer now owns 575 shares of the company’s stock, valued at $997,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. Bowers sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the transaction, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $9,895,392.63. The disclosure for this sale can be found here. In the last three months, insiders sold 24,891 shares of company stock worth $38,037,731. Company insiders own 3.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Wolfe Research began coverage on shares of Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price objective on the stock. Barclays upped their target price on shares of Fair Isaac from $1,500.00 to $1,800.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Robert W. Baird raised their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC upped their price objective on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,553.42.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,734.01 on Friday. Fair Isaac Co. has a 1-year low of $811.99 and a 1-year high of $1,818.02. The business’s fifty day moving average price is $1,650.13 and its 200 day moving average price is $1,414.60. The firm has a market capitalization of $42.85 billion, a PE ratio of 91.02, a P/E/G ratio of 5.57 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results 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). The company had revenue of $447.85 million during the quarter, compared to analysts’ expectations of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. Equities research analysts expect that Fair Isaac Co. will post 19.33 earnings per share for the current fiscal year.

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

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.