Private Advisor Group LLC Purchases 124 Shares of Fair Isaac Co. (NYSE:FICO)

Private Advisor Group LLC increased its position in Fair Isaac Co. (NYSE:FICO) by 30.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 535 shares of the technology company’s stock after acquiring an additional 124 shares during the period. Private Advisor Group LLC’s holdings in Fair Isaac were worth $796,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in shares of Fair Isaac by 79.0% during the 2nd quarter. Victory Capital Management Inc. now owns 50,495 shares of the technology company’s stock valued at $75,170,000 after purchasing an additional 22,282 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Fair Isaac by 0.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 2,128 shares of the technology company’s stock worth $3,168,000 after acquiring an additional 18 shares during the period. Tortoise Investment Management LLC boosted its stake in shares of Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after acquiring an additional 9 shares during the last quarter. Versor Investments LP bought a new stake in shares of Fair Isaac during the 2nd quarter valued at $211,000. Finally, Resonant Capital Advisors LLC increased its stake in shares of Fair Isaac by 9.5% in the 2nd quarter. Resonant Capital Advisors LLC now owns 289 shares of the technology company’s stock worth $430,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on FICO shares. Royal Bank of Canada boosted their price target on 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. Oppenheimer began coverage on shares of Fair Isaac in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 target price for the company. Barclays lifted their price target on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a report on Friday. Wolfe Research initiated coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective for the company. Finally, Robert W. Baird lifted their target price on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,582.58.

Fair Isaac Stock Up 1.4 %

Fair Isaac stock opened at $1,894.98 on Tuesday. Fair Isaac Co. has a 52-week low of $811.99 and a 52-week high of $1,895.08. The company has a market cap of $46.46 billion, a price-to-earnings ratio of 99.47, a PEG ratio of 4.41 and a beta of 1.34. The firm’s fifty day moving average is $1,687.50 and its 200 day moving average is $1,439.39.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $4.99 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.34). Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. The company had revenue of $447.85 million during the quarter, compared to analysts’ expectations of $448.53 million. On average, equities research analysts anticipate that Fair Isaac Co. will post 19.19 earnings per share for the current fiscal year.

Fair Isaac announced that its Board of Directors has authorized a share repurchase plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of Fair Isaac stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the completion of the transaction, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $9,895,392.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Steven P. Weber sold 1,800 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the completion of the transaction, the chief financial officer now owns 575 shares in the company, valued at approximately $997,625. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thomas A. Bowers sold 3,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the completion of the sale, the executive vice president now owns 5,769 shares in the company, valued at approximately $9,895,392.63. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,261 shares of company stock worth $26,291,370. Company insiders own 3.54% of the company’s stock.

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.