Fair Isaac Co. (NYSE:FICO) Stock Holdings Lifted by Creative Planning

Creative Planning boosted its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 7.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,984 shares of the technology company's stock after acquiring an additional 289 shares during the period. Creative Planning's holdings in Fair Isaac were worth $5,931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in FICO. EntryPoint Capital LLC purchased a new stake in shares of Fair Isaac in the first quarter valued at $25,000. Advisors Asset Management Inc. acquired a new stake in shares of Fair Isaac during the 1st quarter worth about $26,000. Tortoise Investment Management LLC grew its holdings in shares of Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company's stock worth $30,000 after buying an additional 9 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Fair Isaac during the first quarter worth about $31,000. Finally, Family Firm Inc. acquired a new position in shares of Fair Isaac in the second quarter valued at approximately $34,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Trading Down 1.2 %

FICO traded down $23.64 during trading on Friday, hitting $1,912.31. 121,523 shares of the company's stock were exchanged, compared to its average volume of 172,251. The stock has a 50 day moving average price of $1,774.78 and a 200 day moving average price of $1,495.34. Fair Isaac Co. has a 1 year low of $811.99 and a 1 year high of $1,962.96. The firm has a market cap of $47.26 billion, a P/E ratio of 99.41, a price-to-earnings-growth ratio of 4.69 and a beta of 1.34.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly 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). Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. The business had revenue of $447.85 million for the quarter, compared to analysts' expectations of $448.53 million. Analysts forecast that Fair Isaac Co. will post 19.19 earnings per share for the current fiscal year.

Fair Isaac announced that its Board of Directors has initiated a stock buyback plan on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to buy up to 2.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FICO shares. UBS Group initiated coverage on shares of Fair Isaac in a research report on Tuesday. They set a "neutral" rating and a $2,100.00 target price on the stock. Wolfe Research initiated coverage on Fair Isaac in a report on Tuesday, July 9th. They set an "outperform" rating and a $1,725.00 price objective on the stock. Royal Bank of Canada upped their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a "sector perform" rating in a research note on Thursday, August 1st. Needham & Company LLC raised 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. Finally, Wells Fargo & Company upped their price objective on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company an "overweight" rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,775.25.

Insider Activity at Fair Isaac

In other news, Director James Kirsner sold 3,000 shares of the business's stock in a transaction 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 transaction, the director now directly owns 13,002 shares of the company's stock, valued at approximately $22,065,174.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Fair Isaac news, EVP Mark R. Scadina sold 3,500 shares of the firm's stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the completion of the sale, the executive vice president now owns 19,919 shares in the company, valued at $34,144,751.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Kirsner sold 3,000 shares of the company's 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 value of $5,091,180.00. Following the completion of the transaction, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is currently owned by company insiders.

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.