Stratos Investment Management LLC Invests $206,000 in Fair Isaac Co. (NYSE:FICO)

Stratos Investment Management LLC acquired a new stake in shares of Fair Isaac Co. (NYSE:FICO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 106 shares of the technology company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EntryPoint Capital LLC bought a new stake in Fair Isaac in the first quarter valued at $25,000. Tortoise Investment Management LLC increased its holdings in shares of 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 during the period. Advisors Asset Management Inc. bought a new stake in Fair Isaac in the 1st quarter valued at about $26,000. Family Firm Inc. acquired a new position in Fair Isaac during the 2nd quarter valued at about $34,000. Finally, OFI Invest Asset Management bought a new position in Fair Isaac in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FICO. Barclays lifted their price target on Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a report on Friday, September 13th. The Goldman Sachs Group boosted their price target on Fair Isaac from $1,879.00 to $2,130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Needham & Company LLC raised their price target on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. UBS Group began coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective on the stock. Finally, Wells Fargo & Company increased their target price on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,787.08.

Fair Isaac Trading Down 3.2 %

NYSE:FICO opened at $1,973.46 on Friday. The company has a 50-day moving average of $1,857.71 and a 200-day moving average of $1,554.84. The firm has a market cap of $48.77 billion, a price-to-earnings ratio of 103.59, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month high of $2,103.70.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The business had revenue of $447.85 million for the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. On average, research analysts forecast that Fair Isaac Co. will post 19.33 earnings per share for the current year.

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

Insider Buying and Selling

In other news, Director James Kirsner sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the completion of the sale, the director now directly owns 13,002 shares of the company’s stock, valued at $22,065,174.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Fair Isaac news, 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 transaction of $5,091,180.00. Following the sale, the director now owns 13,002 shares in the company, valued at approximately $22,065,174.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the completion of the transaction, the chief financial officer now owns 575 shares of the company’s stock, valued at approximately $997,625. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,261 shares of company stock worth $26,291,370 in the last three months. 3.54% of the stock is currently owned by insiders.

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.