Greenleaf Trust Has $830,000 Stock Position in Fair Isaac Co. (NYSE:FICO)

Greenleaf Trust raised its position in Fair Isaac Co. (NYSE:FICO) by 6.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 427 shares of the technology company’s stock after acquiring an additional 26 shares during the period. Greenleaf Trust’s holdings in Fair Isaac were worth $830,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FICO. Price T Rowe Associates Inc. MD raised its holdings in Fair Isaac by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after acquiring an additional 174,397 shares in the last quarter. Westwind Capital raised its holdings in Fair Isaac by 891.8% in the 2nd quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock valued at $10,382,000 after acquiring an additional 62,710 shares in the last quarter. Spear Holdings RSC Ltd acquired a new position in Fair Isaac in the 1st quarter valued at approximately $69,478,000. Sei Investments Co. raised its holdings in Fair Isaac by 231.8% in the 2nd quarter. Sei Investments Co. now owns 69,127 shares of the technology company’s stock valued at $102,908,000 after acquiring an additional 48,294 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Fair Isaac by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after acquiring an additional 35,263 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Price Performance

NYSE FICO opened at $1,994.05 on Friday. The firm has a market cap of $49.27 billion, a PE ratio of 104.67, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. Fair Isaac Co. has a one year low of $811.99 and a one year high of $2,103.70. The stock’s 50 day simple moving average is $1,877.29 and its 200 day simple moving average is $1,574.02.

Fair Isaac (NYSE:FICO) last released its quarterly 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 the consensus estimate of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. As a group, equities analysts expect that Fair Isaac Co. will post 19.33 earnings per share for the current year.

Fair Isaac declared that its board has authorized a share buyback plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FICO shares. Oppenheimer upped their price target 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 upped their price objective on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Company upped their price objective on Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Robert W. Baird upped their price objective on 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. Finally, Wolfe Research started coverage on Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective on the stock. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,787.08.

Insider Buying and Selling at Fair Isaac

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

About Fair Isaac

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.