Annex Advisory Services LLC Takes $243,000 Position in Fair Isaac Co. (NYSE:FICO)

Annex Advisory Services LLC acquired a new stake in shares of Fair Isaac Co. (NYSE:FICO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 163 shares of the technology company’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FICO. OLD National Bancorp IN purchased a new stake in shares of Fair Isaac during the 2nd quarter worth about $461,000. Westwind Capital grew its holdings in shares of Fair Isaac by 891.8% during the 2nd quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock worth $10,382,000 after purchasing an additional 62,710 shares during the period. CWM LLC grew its holdings in shares of Fair Isaac by 57.0% during the 2nd quarter. CWM LLC now owns 380 shares of the technology company’s stock worth $566,000 after purchasing an additional 138 shares during the period. Mather Group LLC. grew its holdings in shares of Fair Isaac by 21.7% during the 2nd quarter. Mather Group LLC. now owns 84 shares of the technology company’s stock worth $125,000 after purchasing an additional 15 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Fair Isaac during the 2nd quarter worth about $156,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Raymond James upped their price target on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Robert W. Baird upped their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Wolfe Research assumed coverage on Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target for the company. Needham & Company LLC upped their price target on Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Barclays upped their target price on Fair Isaac from $1,500.00 to $1,800.00 and gave the company an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,426.73.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP Richard Deal sold 13,591 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the sale, the executive vice president now directly owns 49,314 shares of the company’s stock, valued at $67,772,230.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Fair Isaac news, Director James Kirsner sold 3,000 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the sale, the director now directly owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Richard Deal sold 13,591 shares of Fair Isaac stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the transaction, the executive vice president now directly owns 49,314 shares in the company, valued at $67,772,230.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,014 shares of company stock valued at $25,724,698. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock traded up $35.13 on Friday, hitting $1,752.25. 215,928 shares of the stock traded hands, compared to its average volume of 181,058. The company has a market capitalization of $43.30 billion, a PE ratio of 91.98, a PEG ratio of 4.26 and a beta of 1.34. Fair Isaac Co. has a 1-year low of $811.99 and a 1-year high of $1,759.76. The company’s fifty day moving average is $1,510.59 and its 200 day moving average is $1,348.38.

Fair Isaac declared that its board has initiated a share repurchase program on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.