Seven Eight Capital LP Purchases New Position in Fair Isaac Co. (NYSE:FICO)

Seven Eight Capital LP purchased a new stake in Fair Isaac Co. (NYSE:FICO) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 882 shares of the technology company’s stock, valued at approximately $620,000.

Several other large investors have also recently added to or reduced their stakes in FICO. Private Advisor Group LLC acquired a new stake in Fair Isaac in the 1st quarter valued at $324,000. PNC Financial Services Group Inc. increased its holdings in Fair Isaac by 3.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,845 shares of the technology company’s stock valued at $860,000 after purchasing an additional 54 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Fair Isaac by 423.2% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 293 shares of the technology company’s stock valued at $137,000 after acquiring an additional 237 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Fair Isaac by 0.7% during the first quarter. Great West Life Assurance Co. Can now owns 20,658 shares of the technology company’s stock valued at $9,998,000 after acquiring an additional 135 shares in the last quarter. Finally, Raymond James Trust N.A. grew its stake in shares of Fair Isaac by 12.4% during the first quarter. Raymond James Trust N.A. now owns 964 shares of the technology company’s stock valued at $449,000 after acquiring an additional 106 shares in the last quarter. 85.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fair Isaac news, Director Eva Manolis sold 2,564 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $852.38, for a total value of $2,185,502.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Fair Isaac news, EVP James M. Wehmann sold 2,836 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $904.38, for a total value of $2,564,821.68. Following the sale, the executive vice president now owns 44,572 shares in the company, valued at $40,310,025.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eva Manolis sold 2,564 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $852.38, for a total transaction of $2,185,502.32. The disclosure for this sale can be found here. Insiders have sold 5,636 shares of company stock valued at $4,952,932 over the last quarter. Insiders own 3.37% of the company’s stock.

Analyst Upgrades and Downgrades

FICO has been the subject of several recent analyst reports. Raymond James initiated coverage on Fair Isaac in a research note on Tuesday, September 5th. They set an “outperform” rating and a $1,007.00 target price for the company. Jefferies Financial Group raised their target price on Fair Isaac from $875.00 to $940.00 in a research note on Monday, July 10th. Robert W. Baird raised their target price on Fair Isaac from $725.00 to $775.00 in a research note on Monday, May 22nd. Royal Bank of Canada raised their target price on Fair Isaac from $685.00 to $875.00 and gave the company a “sector perform” rating in a research note on Thursday, August 3rd. Finally, Barclays increased their price target on shares of Fair Isaac from $920.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $901.63.

Fair Isaac Stock Performance

Shares of FICO stock opened at $899.72 on Monday. The company’s 50-day simple moving average is $847.43 and its 200-day simple moving average is $772.18. Fair Isaac Co. has a one year low of $389.83 and a one year high of $916.41. The stock has a market capitalization of $22.40 billion, a price-to-earnings ratio of 54.63, a PEG ratio of 3.20 and a beta of 1.22.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, August 2nd. The technology company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.28 by $0.35. Fair Isaac had a net margin of 28.43% and a negative return on equity of 51.26%. The firm had revenue of $398.69 million for the quarter, compared to analysts’ expectations of $379.63 million. As a group, research analysts forecast that Fair Isaac Co. will post 16.29 EPS for the current year.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and data 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. It operates through 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.