Private Advisor Group LLC Sells 62 Shares of Fair Isaac Co. (NYSE:FICO)

Private Advisor Group LLC lessened its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 13.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 411 shares of the technology company’s stock after selling 62 shares during the quarter. Private Advisor Group LLC’s holdings in Fair Isaac were worth $514,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FICO. International Assets Investment Management LLC raised its holdings in shares of Fair Isaac by 112,366.2% during the 4th quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock valued at $464,737,000 after buying an additional 398,900 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Fair Isaac by 30.2% during the 1st quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock valued at $445,660,000 after buying an additional 82,699 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Fair Isaac by 25.2% during the 4th quarter. Franklin Resources Inc. now owns 283,565 shares of the technology company’s stock valued at $330,072,000 after buying an additional 57,010 shares in the last quarter. Norges Bank purchased a new position in shares of Fair Isaac during the 4th quarter valued at about $259,509,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Fair Isaac by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 159,484 shares of the technology company’s stock valued at $185,641,000 after buying an additional 2,452 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,588.52 on Monday. The firm has a market cap of $39.25 billion, a P/E ratio of 83.39, a P/E/G ratio of 4.28 and a beta of 1.34. Fair Isaac Co. has a fifty-two week low of $808.49 and a fifty-two week high of $1,605.69. The business’s 50 day moving average price is $1,401.68 and its 200-day moving average price is $1,290.25.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $5.09 earnings per share for the quarter, topping analysts’ consensus estimates of $4.89 by $0.20. The firm had revenue of $433.81 million for the quarter, compared to analyst estimates of $425.94 million. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. As a group, equities analysts predict that Fair Isaac Co. will post 19.75 EPS for the current year.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the sale, the chief executive officer now directly owns 12,638 shares in the company, valued at $14,414,270.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the sale, the chief executive officer now directly owns 12,638 shares in the company, valued at $14,414,270.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark R. Scadina sold 423 shares of Fair Isaac stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $1,372.12, for a total value of $580,406.76. Following the sale, the executive vice president now owns 32,229 shares in the company, valued at $44,222,055.48. The disclosure for this sale can be found here. Insiders have sold 24,014 shares of company stock worth $31,012,918 over the last ninety days. 3.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wolfe Research assumed coverage on Fair Isaac in a report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,500.00 price target on shares of Fair Isaac in a research note on Tuesday, June 11th. Redburn Atlantic initiated coverage on Fair Isaac in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price target on the stock. Finally, Raymond James lifted their price target on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,319.40.

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.