Fair Isaac Co. (NYSE:FICO) Shares Sold by Bfsg LLC

Bfsg LLC lowered its stake in shares of Fair Isaac Co. (NYSE:FICO) by 34.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 563 shares of the technology company’s stock after selling 293 shares during the quarter. Bfsg LLC’s holdings in Fair Isaac were worth $1,093,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FICO. Heritage Family Offices LLP grew its position in Fair Isaac by 2.0% in the 3rd quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock worth $498,000 after purchasing an additional 5 shares during the last quarter. Carderock Capital Management Inc. grew its holdings in Fair Isaac by 0.3% in the 3rd quarter. Carderock Capital Management Inc. now owns 6,187 shares of the technology company’s stock worth $12,025,000 after buying an additional 18 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in Fair Isaac in the 3rd quarter valued at approximately $229,000. Cabot Wealth Management Inc. raised its stake in Fair Isaac by 94.0% during the 3rd quarter. Cabot Wealth Management Inc. now owns 2,035 shares of the technology company’s stock valued at $3,955,000 after acquiring an additional 986 shares in the last quarter. Finally, Swedbank AB boosted its position in Fair Isaac by 11.5% during the 3rd quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock worth $19,089,000 after acquiring an additional 1,013 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Stock Down 0.6 %

Shares of Fair Isaac stock opened at $2,038.95 on Friday. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $2,103.70. The firm has a market capitalization of $50.38 billion, a PE ratio of 107.03, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. The stock’s fifty day moving average is $1,853.26 and its 200-day moving average is $1,547.71.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The firm had revenue of $447.85 million for 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%. Analysts expect that Fair Isaac Co. will post 19.33 EPS for the current year.

Fair Isaac announced that its Board of Directors has approved a stock buyback plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FICO shares. The Goldman Sachs Group raised their price target 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. UBS Group initiated coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target on the stock. Barclays increased 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 report on Friday, September 13th. Oppenheimer boosted their target price on 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, Royal Bank of Canada lifted their price target on 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. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,787.08.

Insider Buying and Selling

In other news, EVP Mark R. Scadina sold 3,500 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the completion of the sale, the executive vice president now owns 19,919 shares in the company, valued at $34,144,751.42. 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 this link. In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 transaction of $5,999,630.00. Following the sale, the executive vice president now directly owns 19,919 shares of the company’s stock, valued at $34,144,751.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,261 shares of company stock valued at $26,291,370. Company insiders own 3.54% of the company’s stock.

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.