AQR Capital Management LLC Has $33.02 Million Holdings in Fair Isaac Co. (NYSE:FICO)

AQR Capital Management LLC reduced its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 42.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,180 shares of the technology company's stock after selling 16,244 shares during the period. AQR Capital Management LLC owned about 0.09% of Fair Isaac worth $33,018,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Insigneo Advisory Services LLC increased its position in Fair Isaac by 39.4% in the 2nd quarter. Insigneo Advisory Services LLC now owns 407 shares of the technology company's stock worth $644,000 after purchasing an additional 115 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Fair Isaac by 60.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,760 shares of the technology company's stock worth $7,086,000 after purchasing an additional 1,795 shares during the last quarter. Gateway Advisory LLC increased its position in Fair Isaac by 6.4% in the 2nd quarter. Gateway Advisory LLC now owns 498 shares of the technology company's stock worth $741,000 after purchasing an additional 30 shares during the last quarter. Morse Asset Management Inc acquired a new position in Fair Isaac in the 2nd quarter worth about $592,000. Finally, Bank of Montreal Can increased its position in Fair Isaac by 3.0% in the 2nd quarter. Bank of Montreal Can now owns 23,872 shares of the technology company's stock worth $36,017,000 after purchasing an additional 697 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of the business's stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark R. Scadina sold 3,500 shares of Fair Isaac stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the sale, the executive vice president now directly owns 19,919 shares of the company's stock, valued at $34,144,751.42. The disclosure for this sale can be found here. Insiders sold a total of 15,261 shares of company stock worth $26,291,370 over the last 90 days. 3.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FICO has been the subject of several recent analyst reports. Wolfe Research initiated coverage on Fair Isaac in a research note on Tuesday, July 9th. They set an "outperform" rating and a $1,725.00 price target for the company. Needham & Company LLC upped their price target on 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 target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the company an "overweight" rating in a research note on Friday, September 13th. Oppenheimer began coverage on Fair Isaac in a research note on Tuesday, September 3rd. They set an "outperform" rating and a $1,967.00 target price for the company. Finally, Robert W. Baird increased their target price on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a "neutral" rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,660.18.

Fair Isaac Trading Down 0.2 %

Shares of FICO opened at $1,919.65 on Monday. Fair Isaac Co. has a 1 year low of $811.99 and a 1 year high of $1,962.83. The stock has a 50 day simple moving average of $1,748.03 and a 200-day simple moving average of $1,478.96. The stock has a market cap of $47.44 billion, a PE ratio of 100.77, a PEG ratio of 4.69 and a beta of 1.34.

Fair Isaac (NYSE:FICO - Get Free Report) last issued 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). 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 during the quarter, compared to the consensus estimate of $448.53 million. On average, sell-side analysts forecast that Fair Isaac Co. will post 19.19 EPS for the current fiscal year.

Fair Isaac announced that its Board of Directors has initiated a stock repurchase program on Tuesday, July 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are typically 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.

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