Cross Staff Investments Inc Has $719,000 Stake in Fair Isaac Co. (NYSE:FICO)

Cross Staff Investments Inc raised its position in Fair Isaac Co. (NYSE:FICO) by 5.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 370 shares of the technology company’s stock after purchasing an additional 20 shares during the period. Cross Staff Investments Inc’s holdings in Fair Isaac were worth $719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FICO. E. Ohman J or Asset Management AB grew its holdings in shares of Fair Isaac by 8.5% in the 3rd quarter. E. Ohman J or Asset Management AB now owns 1,085 shares of the technology company’s stock valued at $2,109,000 after acquiring an additional 85 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Fair Isaac by 60.7% during the third quarter. Assenagon Asset Management S.A. now owns 2,505 shares of the technology company’s stock worth $4,869,000 after purchasing an additional 946 shares during the period. International Assets Investment Management LLC grew its holdings in Fair Isaac by 189,461.6% during the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock worth $1,046,304,000 after purchasing an additional 538,071 shares during the period. Lake Street Private Wealth LLC acquired a new stake in Fair Isaac during the third quarter worth approximately $249,000. Finally, Greenleaf Trust lifted its position in Fair Isaac by 6.5% during the third quarter. Greenleaf Trust now owns 427 shares of the technology company’s stock worth $830,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. UBS Group assumed coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective on the stock. Robert W. Baird boosted their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Oppenheimer upped their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, The Goldman Sachs Group upped their price objective on shares of Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus price target of $1,787.08.

Fair Isaac Stock Performance

Shares of NYSE FICO opened at $1,994.05 on Friday. The company has a market cap of $49.27 billion, a PE ratio of 104.67, a P/E/G ratio of 3.78 and a beta of 1.35. The firm’s 50 day moving average price is $1,877.29 and its 200-day moving average price is $1,574.02. Fair Isaac Co. has a 52-week low of $811.99 and a 52-week high of $2,103.70.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, July 31st. The technology company reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The business had revenue of $447.85 million for the quarter, compared to analysts’ expectations of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. On average, analysts forecast that Fair Isaac Co. will post 19.33 earnings per share for the current fiscal year.

Fair Isaac declared that its board has initiated a stock repurchase plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Steven P. Weber sold 1,800 shares of Fair Isaac stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the sale, the chief financial officer now directly owns 575 shares in the company, valued at $997,625. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,261 shares of company stock valued at $26,291,370. Corporate insiders own 3.54% 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.