Fair Isaac Co. (NYSE:FICO) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC raised its position in Fair Isaac Co. (NYSE:FICO) by 3.2% during the third quarter, HoldingsChannel.com reports. The firm owned 552 shares of the technology company’s stock after buying an additional 17 shares during the quarter. Private Advisor Group LLC’s holdings in Fair Isaac were worth $1,073,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. EntryPoint Capital LLC purchased a new stake in shares of Fair Isaac during the 1st quarter valued at about $25,000. Tortoise Investment Management LLC grew its position in shares of Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after acquiring an additional 9 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Fair Isaac in the 1st quarter worth approximately $26,000. Family Firm Inc. acquired a new position in shares of Fair Isaac in the 2nd quarter worth approximately $34,000. Finally, Valley National Advisers Inc. acquired a new position in shares of Fair Isaac in the 2nd quarter worth approximately $52,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on FICO shares. Oppenheimer boosted their price objective on 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. Barclays increased their price target on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. The Goldman Sachs Group upped their price objective on Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Wolfe Research initiated coverage on Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective for the company. Finally, Robert W. Baird upped their target price on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,787.08.

Fair Isaac Stock Performance

NYSE:FICO opened at $1,988.91 on Friday. The stock’s 50-day simple moving average is $1,907.66 and its 200 day simple moving average is $1,607.72. The company has a market cap of $48.77 billion, a P/E ratio of 104.57, a P/E/G ratio of 3.71 and a beta of 1.35. Fair Isaac Co. has a 52-week low of $879.69 and a 52-week high of $2,103.70.

Fair Isaac (NYSE:FICO) last announced its quarterly 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). 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 predict that Fair Isaac Co. will post 19.33 earnings per share for the current fiscal year.

Fair Isaac declared that its board has authorized a share repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Insider Activity at Fair Isaac

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