Howard Capital Management Inc. Has $252,000 Stake in Fair Isaac Corporation $FICO

Howard Capital Management Inc. boosted its position in shares of Fair Isaac Corporation (NYSE:FICO) by 22.1% in the second quarter, Holdings Channel reports. The fund owned 138 shares of the technology company’s stock after acquiring an additional 25 shares during the period. Howard Capital Management Inc.’s holdings in Fair Isaac were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Partners LLC acquired a new position in Fair Isaac during the 2nd quarter worth $27,000. Hilltop National Bank acquired a new position in Fair Isaac during the 2nd quarter worth $27,000. Geo Capital Gestora de Recursos Ltd acquired a new position in Fair Isaac during the 1st quarter worth $28,000. N.E.W. Advisory Services LLC acquired a new position in Fair Isaac during the 1st quarter worth $30,000. Finally, Meeder Asset Management Inc. lifted its position in Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock worth $31,000 after acquiring an additional 5 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the completion of the transaction, the chief executive officer owned 42,138 shares of the company’s stock, valued at $64,787,175. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 18,032 shares of company stock valued at $28,094,085 over the last three months. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

FICO opened at $1,587.48 on Friday. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The firm’s fifty day moving average price is $1,582.40 and its two-hundred day moving average price is $1,679.99. The company has a market capitalization of $38.11 billion, a P/E ratio of 62.08, a P/E/G ratio of 1.63 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping analysts’ consensus estimates of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The firm had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. During the same quarter in the previous year, the company earned $6.25 earnings per share. The business’s revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of research analyst reports. Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Zacks Research raised shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Wells Fargo & Company upped their price objective on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Finally, Raymond James Financial cut their price objective on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus price target of $2,137.43.

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.