Legacy Capital Group California Inc. Sells 11 Shares of Fair Isaac Co. (NYSE:FICO)

Legacy Capital Group California Inc. decreased its position in Fair Isaac Co. (NYSE:FICO) by 4.1% in the third quarter, Holdings Channel reports. The firm owned 255 shares of the technology company’s stock after selling 11 shares during the period. Legacy Capital Group California Inc.’s holdings in Fair Isaac were worth $496,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FICO. EntryPoint Capital LLC purchased a new position in Fair Isaac during the 1st quarter valued at about $25,000. Tortoise Investment Management LLC raised its stake in Fair Isaac by 81.8% in the second 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. Advisors Asset Management Inc. purchased a new stake in Fair Isaac during the first quarter worth $26,000. Family Firm Inc. bought a new stake in Fair Isaac during the 2nd quarter valued at $34,000. Finally, Valley National Advisers Inc. purchased a new position in shares of Fair Isaac in the 2nd quarter valued at $52,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Trading Up 0.3 %

FICO opened at $1,999.97 on Friday. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $2,103.70. The firm has a 50 day moving average of $1,882.25 and a two-hundred day moving average of $1,579.30. The firm has a market capitalization of $49.42 billion, a PE ratio of 104.99, a P/E/G ratio of 3.78 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (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 business had revenue of $447.85 million for the quarter, compared to analysts’ expectations of $448.53 million. As a group, analysts predict that Fair Isaac Co. will post 19.33 EPS for the current fiscal year.

Fair Isaac announced that its board has initiated a stock repurchase program 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 programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Fair Isaac

In other news, EVP Mark R. Scadina sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the sale, the executive vice president now owns 19,919 shares in the company, valued at $34,144,751.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Fair Isaac news, EVP Mark R. Scadina sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the sale, the executive vice president now owns 19,919 shares in the company, valued at approximately $34,144,751.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joanna Rees sold 3,961 shares of Fair Isaac 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 transaction of $6,931,750.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,261 shares of company stock worth $26,291,370. Insiders own 3.54% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of analyst reports. UBS Group assumed coverage on Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective for the company. The Goldman Sachs Group increased their price target on shares of Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Robert W. Baird boosted their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Barclays upped their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Finally, Wells Fargo & Company upped their price objective on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.