Private Advisory Group LLC Has $969,000 Holdings in Fair Isaac Corporation (NYSE:FICO)

Private Advisory Group LLC lessened its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 50.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 526 shares of the technology company’s stock after selling 526 shares during the quarter. Private Advisory Group LLC’s holdings in Fair Isaac were worth $969,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its position in shares of Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after purchasing an additional 302 shares during the last quarter. Geode Capital Management LLC increased its position in Fair Isaac by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company’s stock worth $1,318,630,000 after buying an additional 17,656 shares during the period. Headlands Technologies LLC acquired a new position in shares of Fair Isaac during the fourth quarter worth approximately $1,292,000. Trexquant Investment LP boosted its position in shares of Fair Isaac by 1,745.0% in the fourth quarter. Trexquant Investment LP now owns 6,476 shares of the technology company’s stock valued at $12,893,000 after acquiring an additional 6,125 shares during the period. Finally, Groupama Asset Managment acquired a new stake in shares of Fair Isaac in the fourth quarter worth $2,157,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on FICO shares. Raymond James Financial reiterated an “outperform” rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Wells Fargo & Company cut their price objective on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Wednesday, July 9th. Baird R W raised Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 28th. BMO Capital Markets raised Fair Isaac to a “strong-buy” rating in a report on Thursday, July 10th. Finally, Barclays reduced their price objective on Fair Isaac from $2,250.00 to $2,000.00 and set an “overweight” rating for the company in a research report on Wednesday, July 9th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Fair Isaac currently has a consensus rating of “Buy” and an average price target of $2,218.64.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the completion of the sale, the chief executive officer directly owned 42,138 shares in the company, valued at $74,492,399.16. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of the business’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the sale, the chief financial officer directly owned 1,862 shares of the company’s stock, valued at $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,906 shares of company stock valued at $45,222,913 over the last ninety days. Company insiders own 3.46% of the company’s stock.

Fair Isaac Trading Up 1.9%

NYSE FICO opened at $1,533.01 on Thursday. Fair Isaac Corporation has a 1-year low of $1,477.11 and a 1-year high of $2,402.51. The company has a 50 day moving average of $1,699.45 and a 200-day moving average of $1,819.99. The firm has a market cap of $37.31 billion, a price-to-earnings ratio of 66.02, a PEG ratio of 2.43 and a beta of 1.28.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.75 by $0.82. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The business had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. During the same quarter in the prior year, the company earned $6.25 EPS. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. On average, analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its board has approved a share repurchase program on Thursday, June 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Fair Isaac Company 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.