Cabot Wealth Management Inc. Boosts Holdings in Fair Isaac Co. (NYSE:FICO)

Cabot Wealth Management Inc. increased its stake in shares of Fair Isaac Co. (NYSE:FICO) by 94.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,035 shares of the technology company’s stock after buying an additional 986 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Fair Isaac were worth $3,955,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. SageView Advisory Group LLC bought a new position in Fair Isaac during the fourth quarter worth about $248,000. B. Riley Wealth Advisors Inc. boosted its position in Fair Isaac by 48.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 954 shares of the technology company’s stock worth $1,110,000 after purchasing an additional 312 shares during the period. PNC Financial Services Group Inc. boosted its position in Fair Isaac by 4.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,627 shares of the technology company’s stock worth $1,894,000 after purchasing an additional 71 shares during the period. Nomura Holdings Inc. bought a new position in Fair Isaac during the fourth quarter worth about $4,648,000. Finally, Kapitalo Investimentos Ltda bought a new position in Fair Isaac during the fourth quarter worth about $336,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FICO. Barclays raised their price objective on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. UBS Group began coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective for the company. The Goldman Sachs Group raised their price objective on shares of Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company raised their price objective on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Finally, Wolfe Research began coverage on shares of Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,787.08.

Insider Buying and Selling

In related news, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the transaction, the director now directly owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Mark R. Scadina sold 3,500 shares of Fair Isaac stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction on 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 completion of the sale, the director now owns 13,002 shares in the company, valued at approximately $22,065,174.12. This trade 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 valued at $26,291,370 over the last three months. 3.54% of the stock is owned by company insiders.

Fair Isaac Trading Down 0.4 %

Shares of FICO stock traded down $7.86 during trading hours on Tuesday, hitting $2,061.05. 122,868 shares of the company’s stock were exchanged, compared to its average volume of 171,188. The company has a market capitalization of $50.93 billion, a PE ratio of 108.60, a PEG ratio of 3.78 and a beta of 1.35. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $2,103.70. The business’s 50 day simple moving average is $1,831.05 and its 200-day simple moving average is $1,535.00.

Fair Isaac (NYSE:FICO) last posted 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). The business had revenue of $447.85 million for the quarter, compared to analysts’ expectations of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. Equities analysts anticipate that Fair Isaac Co. will post 19.33 EPS for the current year.

Fair Isaac announced that its board has authorized a stock repurchase 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 buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

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.