Alpha Cubed Investments LLC Increases Stake in Fair Isaac Co. (NYSE:FICO)

Alpha Cubed Investments LLC lifted its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 459 shares of the technology company’s stock after acquiring an additional 15 shares during the period. Alpha Cubed Investments LLC’s holdings in Fair Isaac were worth $683,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornercap Investment Counsel Inc. acquired a new stake in shares of Fair Isaac during the 4th quarter worth about $249,000. Commerce Bank increased its position in Fair Isaac by 704.8% during the first 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 during the period. Seven Eight Capital LP increased its position in Fair Isaac by 140.0% during the fourth quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock worth $1,676,000 after buying an additional 840 shares during the period. BNP Paribas Financial Markets increased its position in Fair Isaac by 44.5% during the first quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock worth $36,883,000 after buying an additional 9,094 shares during the period. Finally, Vanguard Group Inc. increased its position 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 buying an additional 35,263 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Up 1.7 %

Shares of Fair Isaac stock traded up $29.29 during trading on Tuesday, reaching $1,749.29. The company’s stock had a trading volume of 13,322 shares, compared to its average volume of 179,736. The business has a 50 day moving average price of $1,519.09 and a 200-day moving average price of $1,351.94. The company has a market capitalization of $43.23 billion, a P/E ratio of 90.23, a price-to-earnings-growth ratio of 4.26 and a beta of 1.34. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,759.76.

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

Insiders Place Their Bets

In other Fair Isaac news, EVP Mark R. Scadina sold 3,500 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 19,919 shares in the company, valued at $34,144,751.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director James Kirsner sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the sale, the director now directly owns 13,002 shares in the company, valued at $22,065,174.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark R. Scadina sold 3,500 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total value 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. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,014 shares of company stock worth $31,049,328. 3.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FICO has been the topic of a number of recent research reports. Needham & Company LLC boosted their target price on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Robert W. Baird boosted their target price on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Wolfe Research initiated coverage on Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price on the stock. Wells Fargo & Company initiated coverage on Fair Isaac in a report on Monday. They issued an “overweight” rating and a $2,100.00 target price on the stock. Finally, Raymond James boosted their target price on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,515.82.

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.