Lindsell Train Ltd Sells 153,978 Shares of Fair Isaac Co. (NYSE:FICO)

Lindsell Train Ltd cut its position in shares of Fair Isaac Co. (NYSE:FICO) by 34.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 294,443 shares of the technology company’s stock after selling 153,978 shares during the quarter. Fair Isaac accounts for 12.9% of Lindsell Train Ltd’s portfolio, making the stock its 2nd biggest holding. Lindsell Train Ltd owned approximately 1.19% of Fair Isaac worth $572,256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FICO. EntryPoint Capital LLC acquired a new stake in Fair Isaac during the first quarter worth about $25,000. Advisors Asset Management Inc. acquired a new stake in Fair Isaac during the first quarter worth about $26,000. Tortoise Investment Management LLC boosted its holdings in Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Fair Isaac during the first quarter valued at approximately $31,000. Finally, Family Firm Inc. acquired a new stake in Fair Isaac during the second quarter valued at approximately $34,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Steven P. Weber sold 1,800 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 575 shares of the company’s stock, valued at $997,625. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction 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. In the last 90 days, insiders sold 15,261 shares of company stock valued at $26,291,370. Company insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FICO shares. Barclays lifted their price objective on Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Royal Bank of Canada lifted their price objective on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. Oppenheimer lifted their price objective on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Needham & Company LLC lifted their price objective on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Robert W. Baird lifted their target price on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. 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, the company has an average rating of “Moderate Buy” and an average price target of $1,787.08.

Fair Isaac Price Performance

FICO stock opened at $2,038.95 on Friday. The company has a 50 day moving average price of $1,853.26 and a 200 day moving average price of $1,547.71. Fair Isaac Co. has a fifty-two week low of $811.99 and a fifty-two week high of $2,103.70. The stock has a market capitalization of $50.38 billion, a PE ratio of 107.03, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last released 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). Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. The business had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. As a group, equities analysts expect that Fair Isaac Co. will post 19.33 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors 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 buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are often a sign 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.