145 Shares in Fair Isaac Co. (NYSE:FICO) Acquired by Arkadios Wealth Advisors

Arkadios Wealth Advisors acquired a new position in Fair Isaac Co. (NYSE:FICO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 145 shares of the technology company’s stock, valued at approximately $282,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Forsta AP Fonden lifted its stake in Fair Isaac by 9.8% in the 3rd quarter. Forsta AP Fonden now owns 6,700 shares of the technology company’s stock worth $13,022,000 after purchasing an additional 600 shares in the last quarter. Highland Capital Management LLC purchased a new stake in Fair Isaac in the 3rd quarter worth approximately $1,452,000. Mediolanum International Funds Ltd lifted its stake in Fair Isaac by 337.3% in the 3rd quarter. Mediolanum International Funds Ltd now owns 2,414 shares of the technology company’s stock worth $4,626,000 after purchasing an additional 1,862 shares in the last quarter. Ballentine Partners LLC lifted its stake in Fair Isaac by 11.8% in the 3rd quarter. Ballentine Partners LLC now owns 170 shares of the technology company’s stock worth $330,000 after purchasing an additional 18 shares in the last quarter. Finally, Cross Staff Investments Inc lifted its stake in Fair Isaac by 5.7% in the 3rd quarter. Cross Staff Investments Inc now owns 370 shares of the technology company’s stock worth $719,000 after purchasing an additional 20 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Down 0.7 %

Shares of Fair Isaac stock opened at $1,993.50 on Friday. The company’s fifty day simple moving average is $1,902.79 and its two-hundred day simple moving average is $1,601.90. The firm has a market cap of $49.26 billion, a PE ratio of 104.65, a price-to-earnings-growth ratio of 3.75 and a beta of 1.35. Fair Isaac Co. has a 12-month low of $831.55 and a 12-month high of $2,103.70.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The company had revenue of $447.85 million for the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. As a group, sell-side 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 program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

FICO has been the topic of several recent analyst reports. Wolfe Research initiated coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price on the stock. Robert W. Baird raised their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their price objective on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. Oppenheimer raised their price objective 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, Barclays lifted their target price on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average target price of $1,787.08.

Insider Activity

In other news, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the sale, the director now owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the transaction, the director now directly owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,261 shares of company stock valued at $26,291,370. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Company 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.