Entropy Technologies LP Purchases New Holdings in Fair Isaac Corporation (NYSE:FICO)

Key Points

• Entropy Technologies LP has made a new investment in Fair Isaac Corporation, purchasing 1,400 shares valued at approximately $2,582,000.
• Fair Isaac's CEO and CFO recently sold significant amounts of their shares, with CEO William J. Lansing selling 6,010 shares for over $10 million, reducing his position by 12.48%.
• The company reported better-than-expected earnings, with an EPS of $8.57, outperforming analysts’ estimates, and has authorized a stock repurchase program worth $1 billion.

Entropy Technologies LP purchased a new stake in Fair Isaac Corporation (NYSE:FICO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,400 shares of the technology company's stock, valued at approximately $2,582,000.

A number of other institutional investors have also recently bought and sold shares of the stock. N.E.W. Advisory Services LLC acquired a new position in shares of Fair Isaac in the first quarter valued at $30,000. Meeder Asset Management Inc. increased its stake in shares of Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after buying an additional 5 shares during the period. Mechanics Financial Corp acquired a new stake in Fair Isaac during the 1st quarter valued at approximately $46,000. Colonial Trust Co SC increased its position in Fair Isaac by 71.4% during the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after purchasing an additional 10 shares during the period. Finally, Hollencrest Capital Management grew its position in shares of Fair Isaac by 766.7% during the 1st quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock worth $48,000 after buying an additional 23 shares during the period. Institutional investors own 85.75% of the company's stock.

Analyst Ratings Changes

FICO has been the topic of a number of recent research reports. BMO Capital Markets upgraded Fair Isaac to a "strong-buy" rating in a report on Thursday, July 10th. Raymond James Financial lowered their target price on Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Needham & Company LLC lowered their target price on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Griffin Securities set a $2,000.00 price objective on Fair Isaac in a report on Wednesday, July 9th. Finally, Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their price objective for the stock from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $2,163.14.

Insider Activity

In other news, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the sale, the chief financial officer owned 1,862 shares in the company, valued at $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William J. Lansing sold 3,811 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $1,565.99, for a total value of $5,967,987.89. Following the transaction, the chief executive officer owned 44,338 shares in the company, valued at $69,432,864.62. This represents a 7.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,021 shares of company stock worth $22,247,892. Company insiders own 3.46% of the company's stock.

Fair Isaac Stock Up 0.7%

FICO traded up $8.76 during trading hours on Tuesday, reaching $1,320.02. 191,450 shares of the company's stock traded hands, compared to its average volume of 360,923. Fair Isaac Corporation has a 52-week low of $1,301.01 and a 52-week high of $2,402.51. The firm has a market capitalization of $31.68 billion, a PE ratio of 51.62, a PEG ratio of 2.55 and a beta of 1.28. The firm has a 50-day moving average price of $1,640.95 and a 200 day moving average price of $1,784.82.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping the consensus estimate of $7.75 by $0.82. The business had revenue of $536.42 million during the quarter, compared to analysts' expectations of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%. The business's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the prior year, the business earned $6.25 EPS. Equities analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its board has initiated a share buyback plan on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is 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.