Eagle Bay Advisors LLC Has $154,000 Stock Position in Fair Isaac Co. (NYSE:FICO)

Eagle Bay Advisors LLC reduced its stake in shares of Fair Isaac Co. (NYSE:FICO) by 9.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 79 shares of the technology company’s stock after selling 8 shares during the period. Eagle Bay Advisors LLC’s holdings in Fair Isaac were worth $154,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FICO. Price T Rowe Associates Inc. MD boosted its position in shares of Fair Isaac by 25.4% during 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 grew its stake in Fair Isaac by 891.8% in the second 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 during the period. Spear Holdings RSC Ltd acquired a new position in shares of Fair Isaac during the first quarter worth about $69,478,000. Sei Investments Co. lifted its position in Fair Isaac by 231.8% during the 2nd quarter. Sei Investments Co. now owns 69,127 shares of the technology company’s stock worth $102,908,000 after buying an additional 48,294 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Fair Isaac by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after buying an additional 35,263 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Insider Activity at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Joanna Rees sold 3,961 shares of the firm’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas A. Bowers sold 3,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the sale, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $9,895,392.63. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,261 shares of company stock valued at $26,291,370 over the last quarter. Insiders own 3.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on FICO shares. Robert W. Baird increased their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Royal Bank of Canada upped their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. UBS Group began coverage on Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective for the company. Oppenheimer increased their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Finally, Barclays boosted their price objective on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Fair Isaac currently has an average rating of “Moderate Buy” and an average price target of $1,787.08.

Fair Isaac Stock Performance

Shares of FICO stock traded down $22.71 during trading hours on Wednesday, reaching $2,005.11. The company had a trading volume of 61,882 shares, compared to its average volume of 170,608. The stock has a fifty day moving average of $1,868.28 and a 200-day moving average of $1,568.07. 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 capitalization of $49.55 billion, a price-to-earnings ratio of 106.45, a PEG ratio of 3.78 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $4.99 EPS for the quarter, missing the consensus estimate 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 company had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. On average, analysts forecast that Fair Isaac Co. will post 19.33 EPS for the current year.

Fair Isaac announced that its board has authorized a share repurchase program on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.