Fair Isaac Co. (NYSE:FICO) Holdings Lowered by Hartford Investment Management Co.

Hartford Investment Management Co. decreased its stake in Fair Isaac Co. (NYSE:FICO) by 2.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,543 shares of the technology company’s stock after selling 45 shares during the quarter. Hartford Investment Management Co.’s holdings in Fair Isaac were worth $2,999,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in Fair Isaac during the 1st quarter valued at $25,000. Advisors Asset Management Inc. acquired a new position in Fair Isaac during the first quarter valued at $26,000. Tortoise Investment Management LLC lifted its stake in Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after acquiring an additional 9 shares in the last quarter. Family Firm Inc. acquired a new stake in Fair Isaac during the 2nd quarter worth about $34,000. Finally, Covestor Ltd grew its stake in Fair Isaac by 140.0% during the 1st quarter. Covestor Ltd now owns 36 shares of the technology company’s stock valued at $46,000 after acquiring an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the firm’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 value of $6,931,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction that occurred 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 sale, the director now directly owns 13,002 shares in the company, valued at $22,065,174.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,261 shares of company stock worth $26,291,370 in the last ninety days. 3.54% of the stock is currently owned by insiders.

Fair Isaac Price Performance

Fair Isaac stock opened at $1,998.66 on Thursday. Fair Isaac Co. has a fifty-two week low of $811.99 and a fifty-two week high of $2,103.70. The firm has a fifty day moving average price of $1,868.28 and a two-hundred day moving average price of $1,568.07. The firm has a market cap of $49.39 billion, a price-to-earnings ratio of 104.92, a P/E/G ratio of 3.78 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $447.85 million for the quarter, compared to the consensus estimate of $448.53 million. As a group, sell-side analysts expect that Fair Isaac Co. will post 19.33 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, July 30th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank of Canada increased their price target 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. The Goldman Sachs Group lifted their target price on shares of Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Needham & Company LLC upped their price target 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. Barclays increased their price objective on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Finally, Wolfe Research initiated coverage on Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average price target of $1,787.08.

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.