Moss Adams Wealth Advisors LLC Makes New Investment in Fair Isaac Co. (NYSE:FICO)

Moss Adams Wealth Advisors LLC acquired a new stake in Fair Isaac Co. (NYSE:FICO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 149 shares of the technology company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FICO. Courier Capital LLC purchased a new stake in Fair Isaac in the 2nd quarter valued at about $219,000. Fortis Capital Management LLC purchased a new stake in shares of Fair Isaac in the second quarter valued at approximately $3,887,000. KG&L Capital Management LLC purchased a new position in Fair Isaac during the 2nd quarter worth $258,000. Fifth Third Wealth Advisors LLC bought a new stake in Fair Isaac during the 2nd quarter valued at $372,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Fair Isaac by 26.4% in the 2nd quarter. Fifth Third Bancorp now owns 287 shares of the technology company’s stock worth $427,000 after buying an additional 60 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Shares of NYSE FICO traded down $10.79 during mid-day trading on Thursday, hitting $1,740.81. The stock had a trading volume of 46,862 shares, compared to its average volume of 178,947. The firm has a market cap of $43.02 billion, a PE ratio of 91.75, a PEG ratio of 4.26 and a beta of 1.34. The company has a 50 day moving average of $1,572.15 and a two-hundred day moving average of $1,374.92. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month high of $1,818.02.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.34). The firm had revenue of $447.85 million during 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 research analysts predict that Fair Isaac Co. will post 19.73 EPS for the current fiscal year.

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

Insider Transactions at Fair Isaac

In other Fair Isaac news, EVP Richard Deal sold 13,591 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the sale, the executive vice president now directly owns 49,314 shares of the company’s stock, valued at $67,772,230.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 approximately $34,144,751.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Richard Deal sold 13,591 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the sale, the executive vice president now directly owns 49,314 shares in the company, valued at $67,772,230.20. The disclosure for this sale can be found here. Insiders have sold 24,891 shares of company stock worth $38,037,731 over the last 90 days. 3.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays upped their price objective on shares of Fair Isaac from $1,500.00 to $1,800.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Royal Bank of Canada lifted their price objective on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. Wolfe Research initiated coverage on Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 target price on the stock. Wells Fargo & Company upgraded Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Robert W. Baird boosted 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 report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,515.82.

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.