Settian Capital LP Acquires 500 Shares of Fair Isaac Corporation (NYSE:FICO)

Settian Capital LP increased its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 45.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,600 shares of the technology company's stock after buying an additional 500 shares during the quarter. Fair Isaac comprises about 2.3% of Settian Capital LP's portfolio, making the stock its 14th biggest position. Settian Capital LP's holdings in Fair Isaac were worth $2,951,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Pinnacle Holdings LLC purchased a new stake in shares of Fair Isaac in the fourth quarter worth approximately $26,000. Mechanics Financial Corp bought a new position in Fair Isaac during the first quarter valued at $46,000. Colonial Trust Co SC grew its holdings in Fair Isaac by 71.4% during the fourth 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. Hollencrest Capital Management grew its holdings in Fair Isaac by 766.7% during the first quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock valued at $48,000 after purchasing an additional 23 shares during the period. Finally, Itau Unibanco Holding S.A. boosted its holdings in shares of Fair Isaac by 600.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 28 shares of the technology company's stock worth $56,000 after acquiring an additional 24 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FICO has been the topic of a number of recent analyst reports. Oppenheimer increased their price objective on Fair Isaac from $2,293.00 to $2,300.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Raymond James Financial reiterated an "outperform" rating on shares of Fair Isaac in a report on Wednesday, May 21st. Needham & Company LLC set a $1,950.00 price objective on Fair Isaac and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company decreased their price objective on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $2,218.64.

Insider Buying and Selling

In related news, Director Marc F. Mcmorris sold 797 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the transaction, the director directly owned 242 shares of the company's stock, valued at approximately $505,175. This represents a 76.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Steven P. Weber sold 1,000 shares of the company'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 completion of the transaction, the chief financial officer directly owned 1,862 shares in the company, valued at $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,906 shares of company stock valued at $45,222,913. 3.46% of the stock is owned by company insiders.

Fair Isaac Trading Up 0.2%

Fair Isaac stock traded up $3.43 during trading hours on Thursday, hitting $1,534.69. 103,327 shares of the stock traded hands, compared to its average volume of 254,403. The firm's 50-day moving average price is $1,765.39 and its two-hundred day moving average price is $1,836.75. The company has a market cap of $37.35 billion, a PE ratio of 66.09, a PEG ratio of 2.47 and a beta of 1.28. Fair Isaac Corporation has a one year low of $1,477.11 and a one year high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, beating the consensus estimate of $7.33 by $0.48. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The business had revenue of $498.74 million for the quarter, compared to analysts' expectations of $500.45 million. During the same period in the previous year, the firm posted $6.14 EPS. The business's revenue was up 15.0% on a year-over-year basis. On average, sell-side analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its board has initiated a stock repurchase plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

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.