Fair Isaac Corporation $FICO Position Cut by Spire Wealth Management

Spire Wealth Management trimmed its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 34.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,550 shares of the technology company’s stock after selling 1,327 shares during the period. Spire Wealth Management’s holdings in Fair Isaac were worth $4,521,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Fair Isaac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company’s stock worth $5,463,202,000 after buying an additional 58,740 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Fair Isaac by 0.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company’s stock worth $1,518,803,000 after buying an additional 3,677 shares during the period. Principal Financial Group Inc. boosted its position in Fair Isaac by 7.3% during the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company’s stock worth $722,585,000 after acquiring an additional 26,811 shares during the period. American Century Companies Inc. boosted its holdings in shares of Fair Isaac by 4.7% during the first quarter. American Century Companies Inc. now owns 386,618 shares of the technology company’s stock worth $712,985,000 after purchasing an additional 17,498 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Fair Isaac by 29.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock valued at $584,193,000 after buying an additional 72,518 shares during the period. Institutional investors own 85.75% of the company’s stock.

Analysts Set New Price Targets

FICO has been the subject of several research reports. Wells Fargo & Company lifted their price target on Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Zacks Research raised Fair Isaac from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Raymond James Financial cut their price objective on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of Fair Isaac in a research note on Wednesday, October 8th. Finally, BMO Capital Markets increased their target price on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an “outperform” rating in a research report on Monday, August 18th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,137.43.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the completion of the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $64,787,175. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 18,032 shares of company stock worth $28,094,085. Insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,567.07 on Thursday. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The firm has a market capitalization of $37.61 billion, a P/E ratio of 61.29, a P/E/G ratio of 1.73 and a beta of 1.35. The company’s 50 day simple moving average is $1,577.90 and its 200 day simple moving average is $1,680.64.

Fair Isaac (NYSE:FICO) last posted its 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. The company had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company earned $6.25 EPS. Sell-side analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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.