Fair Isaac Co. (NYSE:FICO) Shares Bought by Atomi Financial Group Inc.

by · The Markets Daily

Atomi Financial Group Inc. lifted its position in shares of Fair Isaac Co. (NYSE:FICO – Free Report) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 245 shares of the technology company’s stock after acquiring an additional 29 shares during the quarter. Atomi Financial Group Inc.’s holdings in Fair Isaac were worth $476,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FICO. Commerce Bank raised its stake in shares of Fair Isaac by 704.8% during the 1st quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock worth $7,603,000 after buying an additional 5,328 shares in the last quarter. BNP Paribas Financial Markets raised its position in Fair Isaac by 44.5% in the first quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock worth $36,883,000 after acquiring an additional 9,094 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Fair Isaac by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after acquiring an additional 35,263 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Fair Isaac by 25.4% during the 1st 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. Finally, Great Valley Advisor Group Inc. acquired a new position in shares of Fair Isaac during the 2nd quarter worth $529,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wells Fargo & Company raised 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, October 1st. UBS Group began coverage on Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target on the stock. Oppenheimer raised their price objective on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research note on Tuesday. The Goldman Sachs Group raised their price target on Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada boosted their price objective on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,787.08.

Read Our Latest Research Report on Fair Isaac

Insider Activity at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of the company’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 can be accessed through this hyperlink. In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of Fair Isaac 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 transaction, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $9,895,392.63. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the 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 disclosure for this sale can be found here. Over the last three months, insiders sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is owned by company insiders.

Fair Isaac Stock Performance

FICO stock opened at $1,981.52 on Friday. The company has a 50 day moving average price of $1,812.80 and a two-hundred day moving average price of $1,520.34. The stock has a market capitalization of $48.97 billion, a P/E ratio of 104.02, a PEG ratio of 4.69 and a beta of 1.35. Fair Isaac Co. has a one year low of $811.99 and a one year high of $2,043.59.

Fair Isaac (NYSE:FICO – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $448.53 million. Research analysts forecast that Fair Isaac Co. will post 19.19 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has approved a share buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

About Fair Isaac

(Free Report)

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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