Fair Isaac Co. (NYSE:FICO) Short Interest Update

Fair Isaac Co. (NYSE:FICO) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 620,000 shares, a growth of 5.2% from the August 31st total of 589,400 shares. Based on an average daily volume of 164,000 shares, the short-interest ratio is currently 3.8 days. Currently, 2.6% of the shares of the company are sold short.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,912.65 on Wednesday. The business’s 50-day moving average is $1,759.99 and its 200-day moving average is $1,489.11. Fair Isaac has a 1 year low of $811.99 and a 1 year high of $1,962.96. The company has a market capitalization of $47.26 billion, a price-to-earnings ratio of 100.40, a P/E/G ratio of 4.69 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results 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). The firm had revenue of $447.85 million during the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. Analysts anticipate that Fair Isaac will post 19.19 EPS for the current year.

Fair Isaac declared that its board has authorized a share 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 reacquire 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.

Analyst Ratings Changes

Several brokerages have commented on FICO. UBS Group began coverage on shares of Fair Isaac in a research report on Tuesday. They set a “neutral” rating and a $2,100.00 price objective for the company. Robert W. Baird boosted their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Oppenheimer began coverage on shares of Fair Isaac in a report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price target for the company. Wells Fargo & Company boosted their price objective on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Barclays boosted their price objective on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,705.17.

Insider Buying and Selling

In related news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Joanna Rees sold 3,961 shares of the business’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven P. Weber sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the sale, the chief financial officer now owns 575 shares of the company’s stock, valued at approximately $997,625. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,261 shares of company stock worth $26,291,370. Company insiders own 3.54% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FICO. EntryPoint Capital LLC bought a new stake in Fair Isaac during the first quarter worth $25,000. Tortoise Investment Management LLC increased its position in Fair Isaac by 81.8% in 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 during the last quarter. Advisors Asset Management Inc. purchased a new stake in Fair Isaac in the first quarter worth $26,000. Family Firm Inc. purchased a new stake in Fair Isaac in the second quarter worth $34,000. Finally, OFI Invest Asset Management purchased a new stake in Fair Isaac in the first quarter worth $31,000. Institutional investors own 85.75% of the company’s stock.

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.