Northwestern Mutual Wealth Management Co. Has $417,000 Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Northwestern Mutual Wealth Management Co. increased its stake in Fair Isaac Co. (NYSE:FICO) by 6.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 280 shares of the technology company’s stock after acquiring an additional 17 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fair Isaac were worth $417,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FICO. EverSource Wealth Advisors LLC grew its holdings in Fair Isaac by 1.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company’s stock worth $651,000 after acquiring an additional 7 shares during the period. Bradley Foster & Sargent Inc. CT increased its holdings in Fair Isaac by 2.5% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 330 shares of the technology company’s stock worth $491,000 after purchasing an additional 8 shares in the last quarter. Western Financial Corp CA increased its holdings in Fair Isaac by 1.3% in the second quarter. Western Financial Corp CA now owns 717 shares of the technology company’s stock worth $1,067,000 after purchasing an additional 9 shares in the last quarter. Tortoise Investment Management LLC boosted its holdings 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 buying an additional 9 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in shares of Fair Isaac by 3.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock worth $407,000 after buying an additional 10 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fair Isaac

In other news, Director James Kirsner sold 3,000 shares of the firm’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 directly owns 13,002 shares in the company, valued at $22,065,174.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Kirsner sold 3,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director now owns 13,002 shares in the company, valued at approximately $22,065,174.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,261 shares of company stock valued at $26,291,370. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Price Performance

NYSE FICO opened at $1,988.00 on Wednesday. Fair Isaac Co. has a 1 year low of $811.99 and a 1 year high of $1,996.24. The stock has a market capitalization of $49.13 billion, a PE ratio of 104.36, a PEG ratio of 4.69 and a beta of 1.35. The business’s 50-day moving average is $1,796.21 and its 200 day moving average is $1,513.56.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data 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 the consensus estimate of $448.53 million. As a group, equities research analysts anticipate that Fair Isaac Co. will post 19.19 earnings per share for the current year.

Fair Isaac declared that its board has approved a stock repurchase program on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 2.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

FICO has been the subject of a number of research reports. UBS Group initiated coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target for the company. Wells Fargo & Company boosted their target price on Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Royal Bank of Canada increased their price target on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Oppenheimer boosted their price objective on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Barclays increased their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,787.08.

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.