Chapin Davis Inc. Purchases 91 Shares of Fair Isaac Co. (NYSE:FICO)

Chapin Davis Inc. raised its position in Fair Isaac Co. (NYSE:FICO) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,048 shares of the technology company’s stock after purchasing an additional 91 shares during the quarter. Fair Isaac comprises 1.8% of Chapin Davis Inc.’s investment portfolio, making the stock its 10th biggest position. Chapin Davis Inc.’s holdings in Fair Isaac were worth $5,058,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in Fair Isaac in the 3rd quarter valued at approximately $243,000. Algert Global LLC purchased a new stake in shares of Fair Isaac in the 3rd quarter valued at $644,000. Treasurer of the State of North Carolina lifted its stake in Fair Isaac by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 12,503 shares of the technology company’s stock worth $10,859,000 after acquiring an additional 44 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Fair Isaac by 87.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,070 shares of the technology company’s stock valued at $2,666,000 after acquiring an additional 1,430 shares during the period. Finally, Bank of Nova Scotia grew its position in Fair Isaac by 69.8% in the 3rd quarter. Bank of Nova Scotia now owns 2,265 shares of the technology company’s stock valued at $1,967,000 after acquiring an additional 931 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Up 0.8 %

Shares of FICO opened at $1,488.66 on Monday. The firm has a market capitalization of $36.78 billion, a PE ratio of 78.14, a P/E/G ratio of 4.01 and a beta of 1.34. The stock’s 50 day moving average is $1,325.42 and its two-hundred day moving average is $1,262.99. Fair Isaac Co. has a twelve month low of $776.63 and a twelve month high of $1,518.27.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $5.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.89 by $0.20. The firm had revenue of $433.81 million during the quarter, compared to analysts’ expectations of $425.94 million. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. On average, sell-side analysts predict that Fair Isaac Co. will post 19.75 EPS for the current year.

Insider Buying and Selling

In other news, EVP Richard Deal sold 13,591 shares of Fair Isaac stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the completion of the sale, the executive vice president now directly owns 49,314 shares in the company, valued at approximately $67,772,230.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Richard Deal sold 13,591 shares of the stock in a transaction dated 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 approximately $67,772,230.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joanna Rees sold 500 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $1,400.00, for a total transaction of $700,000.00. Following the transaction, the director now owns 20,118 shares of the company’s stock, valued at $28,165,200. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,014 shares of company stock valued at $31,012,918. Corporate insiders own 3.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FICO shares. Raymond James lifted their price objective on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Redburn Atlantic started coverage on Fair Isaac in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price target on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $1,500.00 price objective on shares of Fair Isaac in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,274.33.

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.