Barlow Wealth Partners Inc. Trims Holdings in Fair Isaac Co. (NYSE:FICO)

Barlow Wealth Partners Inc. decreased its stake in shares of Fair Isaac Co. (NYSE:FICO) by 17.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,623 shares of the technology company’s stock after selling 966 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in Fair Isaac were worth $9,039,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FICO. Price T Rowe Associates Inc. MD lifted its position in Fair Isaac by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after buying an additional 174,397 shares in the last quarter. Principal Financial Group Inc. raised its position in Fair Isaac by 30.2% in the first quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock valued at $445,660,000 after purchasing an additional 82,699 shares during the period. Putnam Investments LLC raised its position in Fair Isaac by 111.3% in the fourth quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock valued at $177,975,000 after purchasing an additional 80,530 shares during the period. Westwind Capital raised its position in Fair Isaac by 891.8% in the second quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock valued at $10,382,000 after purchasing an additional 62,710 shares during the period. Finally, Spear Holdings RSC Ltd purchased a new stake in Fair Isaac in the first quarter valued at $69,478,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group assumed coverage on Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price on the stock. Royal Bank of Canada lifted their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. Wolfe Research assumed coverage on Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price on the stock. Oppenheimer lifted their target price on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Wells Fargo & Company lifted their price objective on Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,787.08.

Insider Buying and Selling

In related news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Kirsner sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the transaction, the director now directly owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,261 shares of company stock valued at $26,291,370 in the last three months. 3.54% of the stock is owned by corporate insiders.

Fair Isaac Stock Performance

Shares of NYSE FICO traded up $27.66 during trading on Wednesday, reaching $2,017.24. The stock had a trading volume of 6,946 shares, compared to its average volume of 171,027. Fair Isaac Co. has a fifty-two week low of $811.99 and a fifty-two week high of $2,017.24. The company has a market cap of $49.85 billion, a P/E ratio of 104.36, a PEG ratio of 4.69 and a beta of 1.35. The business’s 50-day moving average price is $1,796.21 and its 200-day moving average price is $1,513.56.

Fair Isaac (NYSE:FICO) last released its 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 for the quarter, compared to analyst estimates of $448.53 million. Analysts forecast that Fair Isaac Co. will post 19.19 EPS for the current fiscal year.

Fair Isaac declared that its board has initiated a stock buyback program on Tuesday, July 30th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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.