Sunbelt Securities Inc. Has $1.30 Million Holdings in Fair Isaac Co. (NYSE:FICO)

Sunbelt Securities Inc. decreased its holdings in Fair Isaac Co. (NYSE:FICO) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 874 shares of the technology company’s stock after selling 14 shares during the quarter. Sunbelt Securities Inc.’s holdings in Fair Isaac were worth $1,302,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of Nova Scotia increased its position in shares of Fair Isaac by 122.6% in the fourth quarter. Bank of Nova Scotia now owns 5,043 shares of the technology company’s stock worth $5,870,000 after purchasing an additional 2,778 shares during the period. Alberta Investment Management Corp increased its holdings in Fair Isaac by 20.0% in the 4th quarter. Alberta Investment Management Corp now owns 600 shares of the technology company’s stock valued at $698,000 after buying an additional 100 shares during the period. KBC Group NV raised its position in shares of Fair Isaac by 40.1% in the 4th quarter. KBC Group NV now owns 8,900 shares of the technology company’s stock valued at $10,360,000 after buying an additional 2,549 shares in the last quarter. NEOS Investment Management LLC lifted its holdings in shares of Fair Isaac by 109.7% during the 4th quarter. NEOS Investment Management LLC now owns 543 shares of the technology company’s stock worth $632,000 after acquiring an additional 284 shares during the period. Finally, Rafferty Asset Management LLC boosted its position in shares of Fair Isaac by 16.9% during the 4th quarter. Rafferty Asset Management LLC now owns 8,155 shares of the technology company’s stock worth $9,493,000 after acquiring an additional 1,176 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the completion of the sale, the chief financial officer now owns 575 shares of the company’s stock, valued at approximately $997,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the business’s 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 sale, the executive vice president now owns 5,769 shares in the company, valued at approximately $9,895,392.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were 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 directly owns 575 shares in the company, valued at approximately $997,625. The disclosure for this sale can be found here. Insiders sold 15,261 shares of company stock worth $26,291,370 over the last ninety days. 3.54% of the stock is owned by insiders.

Fair Isaac Price Performance

NYSE:FICO opened at $1,943.52 on Tuesday. Fair Isaac Co. has a one year low of $811.99 and a one year high of $1,962.83. The firm’s 50 day simple moving average is $1,754.26 and its 200 day simple moving average is $1,484.18. The company has a market cap of $48.03 billion, a PE ratio of 102.02, a P/E/G ratio of 4.69 and a beta of 1.34.

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

Fair Isaac declared that its board has authorized a share 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 purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FICO. Wolfe Research assumed coverage on Fair Isaac in a research note on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 target price for the company. Royal Bank of Canada raised their price objective on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Oppenheimer initiated 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. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Barclays upped their price objective on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,660.18.

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.