Entropy Technologies LP Buys New Shares 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 bought a new stake in Fair Isaac Corporation (NYSE:FICO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,400 shares of the technology company's stock, valued at approximately $2,582,000.

Several other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares during the period. Cerity Partners LLC grew its position in shares of Fair Isaac by 5.0% during the 4th quarter. Cerity Partners LLC now owns 1,568 shares of the technology company's stock valued at $3,093,000 after acquiring an additional 75 shares during the period. Scotia Capital Inc. acquired a new stake in shares of Fair Isaac during the 4th quarter valued at about $368,000. Sagespring Wealth Partners LLC acquired a new stake in shares of Fair Isaac during the 4th quarter valued at about $269,000. Finally, CreativeOne Wealth LLC acquired a new stake in shares of Fair Isaac during the 4th quarter valued at about $440,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Up 1.8%

Shares of FICO stock traded up $24.32 during mid-day trading on Friday, reaching $1,342.50. The company's stock had a trading volume of 80,403 shares, compared to its average volume of 266,657. The company's 50 day simple moving average is $1,623.48 and its 200-day simple moving average is $1,778.11. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51. The firm has a market capitalization of $32.22 billion, a PE ratio of 52.48, a price-to-earnings-growth ratio of 2.60 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The firm had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. During the same quarter in the previous year, the firm posted $6.25 EPS. The firm's quarterly revenue was up 19.8% on a year-over-year basis. As a group, research analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac announced that its board has approved a stock buyback program on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Barclays reduced their price target on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 9th. Oppenheimer cut their target price on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Needham & Company LLC dropped their price target on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price target for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Finally, Griffin Securities set a $2,000.00 price target on shares of Fair Isaac in a research note on Wednesday, July 9th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $2,163.14.

Insider Activity

In related news, CFO Steven P. Weber sold 1,000 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were 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 directly owned 1,862 shares in the company, valued at $3,236,621.50. The trade was a 34.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the completion of the sale, the chief executive officer owned 42,138 shares in the company, valued at $74,492,399.16. The trade was a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,021 shares of company stock valued at $22,247,892 over the last ninety days. Company insiders own 3.46% of the company's stock.

Fair Isaac 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.