Private Advisory Group LLC Grows Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Private Advisory Group LLC grew its holdings in Fair Isaac Co. (NYSE:FICO) by 40.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,084 shares of the technology company’s stock after acquiring an additional 311 shares during the period. Private Advisory Group LLC’s holdings in Fair Isaac were worth $2,107,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Fair Isaac by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after buying an additional 174,397 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Fair Isaac by 3.9% during the second quarter. Principal Financial Group Inc. now owns 370,605 shares of the technology company’s stock worth $551,706,000 after buying an additional 13,966 shares in the last quarter. American Century Companies Inc. boosted its holdings in Fair Isaac by 6.7% during the second quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock worth $514,523,000 after buying an additional 21,768 shares in the last quarter. Finally, Capital International Investors boosted its holdings in Fair Isaac by 4.5% during the first quarter. Capital International Investors now owns 181,406 shares of the technology company’s stock worth $226,687,000 after buying an additional 7,884 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the firm’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 transaction of $6,931,750.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 completion of the transaction, the executive vice president now directly owns 19,919 shares in the company, valued at $34,144,751.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,261 shares of company stock valued at $26,291,370. 3.54% of the stock is owned by corporate insiders.

Fair Isaac Stock Down 2.1 %

Shares of NYSE:FICO opened at $1,981.52 on Friday. The firm’s 50 day moving average price is $1,812.80 and its 200 day moving average price is $1,520.34. The stock has a market cap of $48.59 billion, a price-to-earnings ratio of 104.18, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. Fair Isaac Co. has a fifty-two week low of $811.99 and a fifty-two week high of $2,043.59.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data 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 company had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. On average, equities analysts anticipate that Fair Isaac Co. will post 19.33 EPS for the current year.

Fair Isaac declared that its Board of Directors has approved a share repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

FICO has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price target on shares of Fair Isaac from $1,879.00 to $2,130.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company upped their price objective on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. UBS Group started coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price for the company. Needham & Company LLC raised their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Robert W. Baird increased their target price on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,787.08.

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.