Whittier Trust Co. Boosts Holdings in Fair Isaac Co. (NYSE:FICO)

Whittier Trust Co. increased its position in shares of Fair Isaac Co. (NYSE:FICO) by 2.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,052 shares of the technology company’s stock after buying an additional 366 shares during the quarter. Whittier Trust Co.’s holdings in Fair Isaac were worth $25,367,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Fair Isaac by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after purchasing an additional 35,263 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 acquiring an additional 174,397 shares during the period. Principal Financial Group Inc. boosted its stake in Fair Isaac by 3.9% during the 2nd quarter. Principal Financial Group Inc. now owns 370,605 shares of the technology company’s stock worth $551,706,000 after purchasing an additional 13,966 shares during the period. American Century Companies Inc. raised its holdings in shares of Fair Isaac by 6.7% in the second quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock valued at $514,523,000 after buying an additional 21,768 shares during the last quarter. Finally, Capital International Investors grew its holdings in shares of Fair Isaac by 4.5% during the first quarter. Capital International Investors now owns 181,406 shares of the technology company’s stock worth $226,687,000 after buying an additional 7,884 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Royal Bank of Canada raised their target price on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. UBS Group initiated coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 target price on the stock. 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 objective for the company. Needham & Company LLC increased their target price on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Robert W. Baird boosted their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,787.08.

Insider Buying and Selling

In related news, Director James Kirsner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Fair Isaac news, Director James Kirsner sold 3,000 shares of the firm’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 completion of the sale, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,261 shares of company stock valued at $26,291,370. Insiders own 3.54% of the company’s stock.

Fair Isaac Trading Up 0.3 %

Shares of NYSE:FICO traded up $5.55 on Monday, hitting $1,979.01. The company had a trading volume of 119,248 shares, compared to its average volume of 170,572. The company has a market cap of $48.90 billion, a PE ratio of 103.59, a PEG ratio of 3.78 and a beta of 1.35. The business has a 50 day moving average of $1,857.71 and a 200 day moving average of $1,554.84. Fair Isaac Co. has a 52-week low of $811.99 and a 52-week high of $2,103.70.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data 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). The company had revenue of $447.85 million for the quarter, compared to analysts’ expectations of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. As a group, equities analysts predict that Fair Isaac Co. will post 19.33 EPS for the current year.

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