Fair Isaac Co. (NYSE:FICO) Sees Significant Decrease in Short Interest

Fair Isaac Co. (NYSE:FICO) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 589,400 shares, a decline of 17.7% from the August 15th total of 716,200 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average trading volume of 163,700 shares, the days-to-cover ratio is presently 3.6 days.

Insider Buying and Selling at Fair Isaac

In other news, Director James Kirsner sold 3,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director now directly owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Joanna Rees sold 3,961 shares of the 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James Kirsner sold 3,000 shares of the business’s 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 transaction, the director now owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The disclosure for this sale can be found here. Insiders have sold 15,261 shares of company stock valued at $26,291,370 in the last 90 days. 3.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fair Isaac

Several institutional investors have recently added to or reduced their stakes in FICO. EntryPoint Capital LLC purchased a new position in shares of Fair Isaac in the first quarter valued at about $25,000. Advisors Asset Management Inc. bought a new stake in shares of Fair Isaac in the first quarter worth about $26,000. Tortoise Investment Management LLC increased its holdings in Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares during the period. OFI Invest Asset Management bought a new position in Fair Isaac during the 1st quarter valued at approximately $31,000. Finally, Family Firm Inc. purchased a new stake in Fair Isaac in the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FICO. Wells Fargo & Company raised Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. Wolfe Research initiated coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target for the company. Robert W. Baird raised their price objective on shares of 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. Needham & Company LLC lifted 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. Finally, Oppenheimer started coverage on Fair Isaac in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,582.58.

Fair Isaac Trading Down 0.5 %

Shares of NYSE:FICO opened at $1,886.08 on Wednesday. The stock has a market capitalization of $46.61 billion, a P/E ratio of 99.01, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34. The stock’s 50-day moving average price is $1,687.50 and its 200-day moving average price is $1,439.39. Fair Isaac has a 12-month low of $811.99 and a 12-month high of $1,907.49.

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

Fair Isaac announced that its board has approved a share buyback plan on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership 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.