Western Financial Corp CA Sells 60 Shares of Fair Isaac Co. (NYSE:FICO)

Western Financial Corp CA lowered its position in shares of Fair Isaac Co. (NYSE:FICO) by 8.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 657 shares of the technology company’s stock after selling 60 shares during the period. Western Financial Corp CA’s holdings in Fair Isaac were worth $1,277,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CWM LLC increased its position in Fair Isaac by 13.6% during the 1st quarter. CWM LLC now owns 242 shares of the technology company’s stock valued at $302,000 after buying an additional 29 shares in the last quarter. Mather Group LLC. bought a new stake in Fair Isaac during the first quarter valued at approximately $80,000. Wedmont Private Capital purchased a new stake in Fair Isaac in the 1st quarter worth approximately $278,000. Park Avenue Securities LLC increased its stake in Fair Isaac by 16.3% in the 1st quarter. Park Avenue Securities LLC now owns 715 shares of the technology company’s stock worth $893,000 after buying an additional 100 shares in the last quarter. Finally, DGS Capital Management LLC grew its holdings in Fair Isaac by 97.3% during the 1st quarter. DGS Capital Management LLC now owns 586 shares of the technology company’s stock valued at $732,000 after buying an additional 289 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on FICO. Needham & Company LLC raised their price target 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. Wolfe Research started coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective for the company. Barclays lifted their price target on 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. Royal Bank of Canada raised their price objective on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird increased their price target 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,787.08.

Insider Activity

In other news, EVP Mark R. Scadina sold 3,500 shares of Fair Isaac stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the completion of the transaction, the executive vice president now directly owns 19,919 shares of the company’s stock, valued at $34,144,751.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Fair Isaac news, Director James Kirsner sold 3,000 shares of the firm’s 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 of the company’s stock, valued at $22,065,174.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark R. Scadina sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the completion of the sale, the executive vice president now directly owns 19,919 shares of the company’s stock, valued at $34,144,751.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,261 shares of company stock worth $26,291,370 over the last 90 days. 3.54% of the stock is currently owned by corporate insiders.

Fair Isaac Stock Performance

NYSE FICO traded up $8.88 on Monday, reaching $1,982.34. 113,558 shares of the stock traded hands, compared to its average volume of 170,544. Fair Isaac Co. has a 12 month low of $811.99 and a 12 month high of $2,103.70. The company has a market cap of $48.99 billion, a price-to-earnings ratio of 103.59, a PEG ratio of 3.78 and a beta of 1.35. The company has a fifty day moving average price of $1,857.71 and a 200-day moving average price of $1,554.84.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The company had revenue of $447.85 million during the quarter, compared to analysts’ expectations 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, research analysts anticipate 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 authorized a stock buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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.