42 Shares in Fair Isaac Co. (NYSE:FICO) Acquired by Carolinas Wealth Consulting LLC

Carolinas Wealth Consulting LLC bought a new position in shares of Fair Isaac Co. (NYSE:FICO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 42 shares of the technology company’s stock, valued at approximately $63,000.

Several other large investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in shares of Fair Isaac by 4.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,627 shares of the technology company’s stock worth $1,894,000 after acquiring an additional 71 shares during the period. Wells Fargo & Company MN boosted its stake in Fair Isaac by 3.0% in the 4th quarter. Wells Fargo & Company MN now owns 70,815 shares of the technology company’s stock worth $82,430,000 after purchasing an additional 2,036 shares during the period. D.A. Davidson & CO. grew its holdings in Fair Isaac by 35.5% during the 4th quarter. D.A. Davidson & CO. now owns 466 shares of the technology company’s stock valued at $542,000 after buying an additional 122 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Fair Isaac by 150.2% during the fourth quarter. Corient Private Wealth LLC now owns 13,324 shares of the technology company’s stock valued at $15,509,000 after buying an additional 7,998 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Fair Isaac by 119.6% in the fourth quarter. Assetmark Inc. now owns 112 shares of the technology company’s stock worth $130,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

FICO has been the topic of a number of research reports. Royal Bank of Canada lifted their price target on shares of 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. Wells Fargo & Company upgraded Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Wolfe Research began coverage on Fair Isaac in a report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target for the company. Oppenheimer initiated coverage on Fair Isaac in a report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price objective on the stock. Finally, Needham & Company LLC raised their target price on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average price target of $1,582.58.

Fair Isaac Stock Up 1.5 %

FICO stock opened at $1,929.21 on Friday. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month high of $1,946.80. The stock has a market capitalization of $47.67 billion, a price-to-earnings ratio of 101.27, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34. The firm’s fifty day simple moving average is $1,701.13 and its two-hundred day simple moving average is $1,446.74.

Fair Isaac (NYSE:FICO) last issued 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). The firm had revenue of $447.85 million for the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. As a group, equities research analysts expect that Fair Isaac Co. will post 19.19 EPS for the current year.

Fair Isaac declared that its Board of Directors has approved a stock repurchase plan on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Fair Isaac

In related news, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the completion of the transaction, the director now owns 13,002 shares in the company, valued at approximately $22,065,174.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Fair Isaac news, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the completion of the sale, the director now directly owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 575 shares in the company, valued at $997,625. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is currently owned by company insiders.

About Fair Isaac

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.