Fair Isaac Co. (NYSE:FICO) Shares Purchased by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC grew its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 65.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,057 shares of the technology company's stock after buying an additional 417 shares during the quarter. Applied Finance Capital Management LLC's holdings in Fair Isaac were worth $2,054,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FICO. International Assets Investment Management LLC lifted its stake in Fair Isaac by 189,461.6% in the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company's stock valued at $1,046,304,000 after buying an additional 538,071 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Fair Isaac by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company's stock worth $1,076,268,000 after purchasing an additional 174,397 shares in the last quarter. AustralianSuper Pty Ltd raised its stake in Fair Isaac by 1,270.9% in the 3rd quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company's stock valued at $142,413,000 after purchasing an additional 67,931 shares during the last quarter. Westwind Capital lifted its holdings in Fair Isaac by 891.8% in the 2nd quarter. Westwind Capital now owns 69,742 shares of the technology company's stock valued at $10,382,000 after purchasing an additional 62,710 shares in the last quarter. Finally, Spear Holdings RSC Ltd acquired a new stake in Fair Isaac during the 1st quarter worth $69,478,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on FICO shares. UBS Group assumed coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They issued a "neutral" rating and a $2,100.00 target price for the company. Robert W. Baird raised their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a "neutral" rating in a research note on Thursday. Royal Bank of Canada restated a "sector perform" rating and set a $2,040.00 target price on shares of Fair Isaac in a report on Thursday. Needham & Company LLC increased their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a "buy" rating in a report on Thursday. Finally, Barclays boosted their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an "overweight" rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,964.92.

Insider Buying and Selling at Fair Isaac

In related news, EVP Thomas A. Bowers sold 3,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the transaction, the executive vice president now owns 5,769 shares of the company's stock, valued at approximately $9,895,392.63. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Thomas A. Bowers sold 3,000 shares of the company's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the sale, the executive vice president now directly owns 5,769 shares of the company's stock, valued at $9,895,392.63. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the 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 transaction of $6,931,750.00. The disclosure for this sale can be found here. 3.54% of the stock is owned by corporate insiders.

Fair Isaac Stock Performance

Shares of Fair Isaac stock traded up $156.19 during trading hours on Friday, hitting $2,332.29. The company's stock had a trading volume of 275,985 shares, compared to its average volume of 154,391. The firm has a fifty day moving average of $1,947.74 and a 200-day moving average of $1,644.51. The stock has a market cap of $56.79 billion, a price-to-earnings ratio of 114.05, a P/E/G ratio of 3.87 and a beta of 1.35. Fair Isaac Co. has a twelve month low of $900.01 and a twelve month high of $2,351.98.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Wednesday, November 6th. The technology company reported $5.34 earnings per share for the quarter, missing the consensus estimate of $5.44 by ($0.10). The company had revenue of $453.81 million for the quarter, compared to analysts' expectations of $454.78 million. Fair Isaac had a negative return on equity of 63.35% and a net margin of 29.86%. On average, sell-side analysts expect that Fair Isaac Co. will post 24.74 earnings per share for the current fiscal year.

Fair Isaac announced that its board has authorized a share buyback program on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board 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.