Fair Isaac Co. (NYSE:FICO) is GHP Investment Advisors Inc.’s 9th Largest Position

GHP Investment Advisors Inc. lessened its holdings in Fair Isaac Co. (NYSE:FICO) by 2.4% during the second quarter, HoldingsChannel.com reports. The fund owned 15,041 shares of the technology company’s stock after selling 377 shares during the quarter. Fair Isaac makes up about 1.1% of GHP Investment Advisors Inc.’s portfolio, making the stock its 9th biggest holding. GHP Investment Advisors Inc.’s holdings in Fair Isaac were worth $22,391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new stake in Fair Isaac in the 4th quarter valued at $259,509,000. Price T Rowe Associates Inc. MD grew its stake in shares of Fair Isaac by 25.4% in 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 in the last quarter. Principal Financial Group Inc. grew its stake in shares of Fair Isaac by 30.2% in the first quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock valued at $445,660,000 after buying an additional 82,699 shares in the last quarter. Putnam Investments LLC raised its holdings in shares of Fair Isaac by 111.3% during the 4th quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock valued at $177,975,000 after buying an additional 80,530 shares during the period. Finally, Westwind Capital boosted its holdings in Fair Isaac by 891.8% in the 2nd quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock worth $10,382,000 after acquiring an additional 62,710 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Buying and Selling at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were 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 owns 5,769 shares of the company’s stock, valued at approximately $9,895,392.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FICO has been the topic of a number of analyst reports. Oppenheimer assumed coverage on shares of Fair Isaac in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price objective on the stock. Needham & Company LLC boosted their price objective 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. Wells Fargo & Company raised Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Robert W. Baird increased their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Barclays lifted their price objective on Fair Isaac from $1,500.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,553.42.

Fair Isaac Stock Performance

NYSE FICO opened at $1,862.08 on Friday. The firm has a market capitalization of $45.66 billion, a PE ratio of 97.75, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34. Fair Isaac Co. has a one year low of $811.99 and a one year high of $1,863.44. The company has a 50-day simple moving average of $1,673.87 and a 200-day simple moving average of $1,428.74.

Fair Isaac (NYSE:FICO) last posted its earnings results on Wednesday, July 31st. The technology company reported $4.99 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.34). The company had revenue of $447.85 million for the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. Equities analysts forecast that Fair Isaac Co. will post 19.19 earnings per share for the current year.

Fair Isaac declared that its Board of Directors has initiated a share repurchase plan on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are generally an indication 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.