Howard Capital Management Inc. Has $252,000 Stake in Fair Isaac Corporation $FICO

Howard Capital Management Inc. increased its position in Fair Isaac Corporation (NYSE:FICO) by 22.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 138 shares of the technology company’s stock after purchasing an additional 25 shares during the period. Howard Capital Management Inc.’s holdings in Fair Isaac were worth $252,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in Fair Isaac in the 2nd quarter worth approximately $27,000. Hilltop National Bank purchased a new stake in shares of Fair Isaac in the second quarter worth approximately $27,000. Geo Capital Gestora de Recursos Ltd purchased a new stake in shares of Fair Isaac in the first quarter worth approximately $28,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Fair Isaac in the first quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock worth $31,000 after purchasing an additional 5 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Activity

In other Fair Isaac news, CEO William J. Lansing sold 4,942 shares of the stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $1,631.34, for a total transaction of $8,062,082.28. Following the transaction, the chief executive officer owned 43,207 shares in the company, valued at $70,485,307.38. This trade represents a 10.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 18,032 shares of company stock valued at $28,094,085. 3.46% of the stock is currently owned by insiders.

Fair Isaac Trading Up 1.3%

FICO stock opened at $1,587.48 on Friday. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The company has a fifty day simple moving average of $1,582.40 and a 200 day simple moving average of $1,679.99. The firm has a market cap of $38.11 billion, a PE ratio of 62.08, a PEG ratio of 1.63 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. During the same quarter in the previous year, the business earned $6.25 EPS. Fair Isaac’s quarterly revenue was up 19.8% compared to the same quarter last year. As a group, analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FICO shares. Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Jefferies Financial Group reissued a “buy” rating on shares of Fair Isaac in a research note on Thursday, July 17th. Raymond James Financial decreased their target price on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Wells Fargo & Company lifted their target price on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,137.43.

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.