Marks Group Wealth Management Inc Raises Position in Fair Isaac Co. (NYSE:FICO)

Marks Group Wealth Management Inc lifted its holdings in Fair Isaac Co. (NYSE:FICO) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,979 shares of the technology company’s stock after buying an additional 139 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Fair Isaac were worth $4,127,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bamco Inc. NY grew its stake in Fair Isaac by 35.0% in the first quarter. Bamco Inc. NY now owns 145,745 shares of the technology company’s stock worth $70,839,000 after purchasing an additional 37,795 shares in the last quarter. HRT Financial LP bought a new stake in Fair Isaac during the 1st quarter valued at $898,000. Carderock Capital Management Inc. boosted its position in Fair Isaac by 1.5% during the 2nd quarter. Carderock Capital Management Inc. now owns 6,983 shares of the technology company’s stock valued at $3,510,000 after acquiring an additional 104 shares in the last quarter. TD Asset Management Inc. boosted its position in Fair Isaac by 0.8% during the 1st quarter. TD Asset Management Inc. now owns 4,148 shares of the technology company’s stock valued at $2,016,000 after acquiring an additional 34 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Fair Isaac by 10.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 14,576 shares of the technology company’s stock valued at $7,327,000 after acquiring an additional 1,324 shares in the last quarter. Hedge funds and other institutional investors own 85.62% of the company’s stock.

A number of analysts have recently weighed in on FICO shares. Barclays raised their price objective on Fair Isaac from $570.00 to $670.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 17th. Royal Bank of Canada began coverage on Fair Isaac in a research report on Wednesday, July 7th. They issued a “sector perform” rating and a $550.00 price objective for the company. The Goldman Sachs Group began coverage on Fair Isaac in a research note on Thursday, July 8th. They issued a “buy” rating and a $577.00 target price for the company. Zacks Investment Research lowered Fair Isaac from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 7th. Finally, Needham & Company LLC raised their target price on Fair Isaac from $565.00 to $630.00 and gave the stock a “buy” rating in a research note on Wednesday, August 4th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $574.29.

In other news, Director Joanna Rees sold 4,660 shares of the stock in a transaction dated Thursday, June 17th. The shares were sold at an average price of $500.00, for a total transaction of $2,330,000.00. Following the completion of the sale, the director now owns 9,040 shares in the company, valued at $4,520,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William J. Lansing sold 16,666 shares of the stock in a transaction dated Thursday, July 15th. The stock was sold at an average price of $518.07, for a total transaction of $8,634,154.62. Following the sale, the chief executive officer now owns 144,130 shares of the company’s stock, valued at approximately $74,669,429.10. The disclosure for this sale can be found here. Insiders have sold 37,992 shares of company stock worth $18,466,521 in the last ninety days. Corporate insiders own 3.27% of the company’s stock.

Shares of Fair Isaac stock traded down $1.04 on Wednesday, hitting $438.23. 3,236 shares of the company were exchanged, compared to its average volume of 210,239. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 35.45 and a beta of 1.22. The company has a 50-day moving average price of $486.73 and a 200 day moving average price of $493.17. Fair Isaac Co. has a 1-year low of $380.00 and a 1-year high of $553.97. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 6.46.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Monday, August 2nd. The technology company reported $3.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $1.43. The firm had revenue of $338.18 million for the quarter, compared to analyst estimates of $328.68 million. Fair Isaac had a net margin of 26.95% and a return on equity of 112.14%. Research analysts forecast that Fair Isaac Co. will post 9.02 EPS for the current year.

Fair Isaac Company Profile

Fair Isaac Corp. engages in the provision of decision management solutions. It operates through the following segments: Applications, Scores, and Decision Management Software. The Applications segment includes decision management applications designed for a type of business problem or process such as marketing, account origination, customer management, fraud, collections, and insurance claims management.

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Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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